The risk of ordering imported cotton yarn gradually diminished after a reduced gap between imported and domestic cotton yarn. Domestic cotton yarn price has experienced waves of rise during the course of year end stock-up. As shown in chart below, mainstream ring-spun C32S and open-end or siro-spun Read More

Vietnamese, Indian and Pakistani cotton yarn saw a narrowed gap between foreign and domestic price and profits of spot order came back to be positive in Jan. Pakistani siro-spun yarn had a spot profit of near 1,500yuan/mt. Its profit was expected to remain high even if the spot offer dropped after s Read More

Many booed after several occasions of low ordering but high exchange settlement this year. The lowering price of imported cotton yarn also caused a sharp shrinkage of operating capacity in the second half of the yeard. After entering into Dec the exchange rate fell and became stabilized, getting the Read More

Mainstream opinions contributed the fast appreciation of RMB to several factors, including the gradual recovery of China’s domestic economy, which re-attracted foreign capital, and the seasonal exchange settlement. Most foreign trade firms would increase exchange settlement in fourth quarter, accord Read More

Cotton and cotton yarn market was astonished by the news that the onshore and offshore RMB continued to pull up and both rose above 6.80 recently. This round of appreciation began from Nov and in Dec gradually stabilized to the same level of last Aug, with a reasonable fluctuation. The fall of excha Read More

Cleaning plants shut down gradually and PET flakes supply is limited. Recycled chemical fiber plants are hard to procure, and feedstock inventory is generally low. Besides, feedstock supply is supposed to remain tight after the holiday, supportive to recycled chemical fiber market. Recycled chemical Read More