From a macroeconomic perspective, the IMF in Apr lowered the global economic growth rate of 2022 from 4.4% in 2021 to 3.6%.The World Bank in Jun downgraded the global economic growth in 2022 to 2.9% from 4.1%.OCED in June downgraded global growth of 2022 to 3.0% from 4.5%. It is rarely seen that the Read More

Compared with the two points (supply shock and demand contraction) mentioned before, the quantification of expectation is more difficult, but we can feel the objective influence of expectation. Read More

Imports of spandex declined by 7.4% or 853 tons on the year to 10.6kt in in Jan-May, and the average import unit price was at $10.364/kg in Jan-May, up $1.804/kg y-o-y. Imports of spandex amounted to 3,488 tons in May, up 41.9% y-o-y and 51.5% m-o-m respectively, with import unit price averaged at $ Read More

According to the latest data from China customs, exports of spandex amounted to 35.1kt in Jan-May, 2022, a year-on-year decrease of 13.4% or 5,435 tons. The average export unit price was at $9.007/kg in Jan-May, 2022, up by $1.335/kg on the year. Exports of spandex reduced month by month in Jan-May, Read More

Xinfengming issued a pre-reduction announcement on the half-year performance of 2022 on July 15, 2022. The company expects to achieve a net profit of 390-430 million yuan attributed to the owner of the parent company in 2022, a decrease of 67.51%-70.54% over the same period of last year. The net pro Read More

Tongkun Hengyang's NO.1 DTY workshop started operation on Jul, indicating Hengyang’s twisting project officially commissioned production. NO.1 DTY workshop, which started construction in Jan 2022, adopts TMT ATF-1500 type twisting machine, with the spinning position of each machine up to 384 spindle Read More