HC re-PSF market was unsmooth after the Chinese Lunar New Year, as it was not only affected by the lower HC PSF, but also affected by the imported HC re-PSF from Vietnam, Thailand, Malaysia, Indonesia and Nigeria. The prices of imported cargos were heard at 8,000-8,700yuan/mt, 1,000yuan/mt lower tha Read More

Pic: HuntsmanHuntsman Corporation, a manufacturer and marketer of specialty chemicals, has released its updated outlook for the first quarter of 2019. The company expects its first quarter 2019 consolidated adjusted EBITDA to be 10 per cent or so below fourth quarter 2018, largely resulting from a s Read More

Pic: Zimmer AustriaZimmer Austria has delivered its 500th magnoroll coating machine. It is a world-leading manufacturer for screen & digital printing machinery, coating, steaming, drying, digital functionalisation, as well as sample, lab, and washing machines. The machine manufacturer is the benchma Read More

Pic: EltexEltex will present Eltex EYE yarn fault detection system for tufting machines at ITMA 2019 expo, in hall 4, stand B104. The world’s leading international textile and garment technology exhibition will be held from June 20-26, 2019, in Barcelona, Spain. Eltex is the leading provider of yarn Read More

VAT is to cut down from 16% to 13% since Apr 1 2019. Its direct impact on polyester profit results from the reduced rate and players’ buy and sell spread.Distribution of the profit squeezed from VAT cut depends on each sector’s bargaining powerFor example, if polyester plants hold stronger bargainin Read More

Inner Mongolia Jiutai has started test run of the 300kt/year MTO plant on Mar 19. The company also plans to start test run of its PP plant in the near future. The early-stage product will be commodity-grade homo PP raffia L5E89. Read More