From the reasons, first, it is due to the decline in upstream benzene. After the Labor Day holiday (May 1-4), the logic of expected support from oil blending to benzene market was proven to be false, and benzene downstream industries had additional production cut for poor demand, and these directly Read More

At the beginning of May the accidental shutdown of Luxi's caprolactam plant caused a small rebound, then CPL price turned to a continuous decline. And due to Luxi's decision to continue production with part of nylon 6 chip production, CPL supply-demand pattern worsened and prices followed downstream Read More

Cotton yarn profit declined further as yarn prices failed to increase after the rising cotton prices. As can be seen from chart below, mainland spinners now suffered a theoretical spot loss of carded yarn 32s at around 1,000yuan/mt, the lowest level since latter half of 2022, and the profit of one-m Read More

Conventional varieties rose by 1,000yuan/mt and sales also increased in early May, when cotton prices surged and sales grew, later it became difficult for cotton yarn to follow the rising trend (after a brief decline) of cotton prices, and some spinners even had to lower their offers. As suggested b Read More

Cotton yarn orders declined since early May, when sales appeared well, and spinners either saw inventory accumulated slightly or were fulfilling earlier orders. O/R of weaving mills declined significantly in Foshan, Guangdong province, transactions also decreased significantly in Nantong since mid-M Read More

The textile industry chain generally does not report any expectations for exports this year, especially in the field of rayon yarn. In Apr, the export of polyester yarn has improved, and the year-on-year decline in cotton yarn export has also slowed down, but the reduction in rayon yarn export conti Read More