An earthquake swarm with two 7.8-magnitude quakes hit Turkey on February 6. The centers of the two major quakes were located in Gaziantep and Kahramanmara provinces of Middle South Turkey. As of 2:00 pm (Beijing time) on February 8, more than 8,000 Turkish and Syrian people had been killed. WHO offi Read More

Hebi Coal Chemical, the branch of HNEC, adopts Shell coal gasification technology, low water-steam ratio sulfur-resistant conversion, Lurgi low-temperature methanol washing, Topsoe low-pressure methanol synthesis, producing 600000 tons of methanol. It uses methanol to produce 100kt/year of 1, 4-buta Read More

South Korea Trade Commission issued notice No. 2023-3 on February 24, 2023, initiating an anti-dumping investigation on Polyester Filament Partially Oriented Yarn, POY) originating in China and Malaysia on the application submitted by South Korea Chemical Fiber Association on December 27, 2022. The Read More

By the end of 2022, the total local polyester capacity is around 2.5 million tons, mainly distributed in four regions: Adana, Gaziantep, Corlu, and Bursa. The provinces that are closer to the epicenter in these four regions are mainly Adana and Gaziantep, and these two provinces happen to be the two Read More

The main positive factors to cotton prices later are: 1. The Chinese macro policy may continue to give positive stimulus to cotton market in the first quarter, giving loose monetary policy; 2. With historical low cotton/grain price ratio, 2023/24 cotton planting areas may reduce; 3. Spinners still h Read More

In Nov 2022, there was news in circulation about the shift of China’s epidemic policy, and in end Dec, the epidemic ended the peak quickly. The funds traded the Chinese demand recovery expectation in Nov and Dec. In Dec, cotton yarn traders started to purchase, not only reducing the cotton yarn inve Read More