Since 2023, overall consumption has been recovering, with a year-on-year increase of 8.5% in the total retail sales of consumer goods from January to April, and significant increases in the textile and apparel, catering, jewelry, and automotive industries. However, it should be noted that this high Read More

Exports of spandex amounted to 22.8kt in Jan-Apr, 2023, down by 23.2% or 6874 tons on the year. The export unit price was at $5.210/kg in Jan-Apr, 2023, down by $3.850/kg on the year. Export of spandex slowly increased in Q1 2023. Exports were low in Jan and Feb affected by the Spring Festival but o Read More

The decrease was more than previously expected due to few imported cargo arrivals. Meanwhile, some downstream plants took back cargoes before the month-end. However, according to the shipping schedules, there would be around 7 ships to arrive before end-May. Port inventory is expected to increase sl Read More

Currently, PDH-based PP incurred less loss compared with other production process. Since the propane prices dropped at the beginning of February, the profitability of PDH has continued to improve and the cash flow turned positive in the second half of March and has remained positive for nearly two m Read More

As both upstream and downstream industries perform waned, CPL market was not ruled out. In addition, since mid-May, there have been a series of negative macro factors affecting the market, such as the US bank crisis, bond crisis, RMB depreciation pressure, geopolitical tensions, slow recovery in eco Read More

Entering May, the downstream of nylon 6 CS chip has deteriorated. Quite a number of large modified plastic (MP) plants reflected unanticipated decline in May orders, and their operating rates were mostly going downhill. In fact, before the Labor Day holiday, some medium-small-sized MP plants already Read More