In the past weekend, Ministry of Finance and State Administration of Taxation issued the Notice to Adjust Tax Rebate for Part of the Products, among which, PET bottle chip’s tax rebate is raised from 13% to 16%.PET bottle chip is taking a relatively large export share among polyester products, typic Read More

In North Xinjiang, new cotton profit margins are large, but sales are unsmooth, while in South Xinjiang and inland, some trading prices have been already lower than the ginning costs. However, seed cotton prices remain high and ginning costs are hard to reduce, how will ginning factories operate lat Read More

The 7th Euratex Convention, organised on 24 October in Ontinyent, Valencia, Spain, by the Consejo Intertextil Espanol (CIE), gathered over 200 participants from the textiles and apparel sector, as well as prominent figures from regional and national representations.Hosted for the first time in Spain Read More

Polyester melting cost ended falling and consolidated during the National Day holiday supported by high crude oil price and the expectation of peak season. WTI declined to $69.12/bbl from $76.41/bbl in Oct, down by 9.54%, and is expected to reduce further.Polyester melting cost stepped into downtren Read More

Two major US synthetic yarn producers—Unifi Manufacturing, Inc (Unifi) and Nan Ya Plastics Corporation, America (Nan Ya)—have filed petitions alleging that dumped and subsidised imports of polyester textured yarn from China and India are causing material injury to the domestic industry. The petition Read More

It was learned from the regular press conference of the China Securities Regulatory Commission on September 21 that PTA futures in Zhengzhou Commodity Exchange has been approved as a special product to be introduced into overseas traders.Purified terephthalic acid (PTA), a chemical compound, is a pr Read More