Local MEG inventory in the US market was tight previously due to the shutdown of Lotte, MEGlobal and Nan Ya. Loadings of US cargoes to China continued decreasing in January and February. China's MEG imports from the US and Canada is estimated at about 100kt per month, and those cargoes are expected Read More

The decrease in MEG port inventory was mainly due to the output cut and full tanks. ZPC, Yulin Chemical lowered operating rate and Satellite Petrochemical delayed the restart of one MEG unit. Meanwhile, tanks in Ningbo and Taicang were nearly full. Offtake in ports was active but the time difference Read More

South-east Asia cotton yarn exporters saw sales driven up by procurement and stock-up from China. Foreign offers climbed up after inventory declined, and the opportunities for replenishment after Spring Festival decreased accordingly. According the latest export report released by China Customs, the Read More

India's apparel sector is expected to help significantly boost the country's merchandise exports to US$1 trillion over the next seven years, according to the AEPC.In the recent budget announcement for the next fiscal year starting April, India's Finance Minister Nirmala Sitharaman promised funding o Read More

The trading mood of rayon yarn market is weakening rapidly. It has been only two weeks since the rise of rayon yarn that some spinners are preparing to cut prices for sales promotions. Vortex-spun yarn is the wind vane of the yarn price trend and the offer of R30S is generally released around 16,000 Read More

There is a sharp decline in cotton and PSF prices recently as the fluctuation of major contract has respectively reached 975yuan/mt and 694yuan/mt so far, so the mentality of the textile industry chain has been greatly affected. The commonality of the sharp decline is that the expectations are too f Read More