In Sep, new crop year has kicked off in China. By Sep 7, seed cotton has started to be harvested in most cotton growing areas of inland, and some new cotton has been transacted. In Turpan of Xinjiang, new seed cotton also starts to be picked and transacted. Modest quantity of new cotton has arrived Read More

rice of direct-spun PSF soared since end-Jul underpinned by polyester feedstock, mainly PTA. The quick rise of polyester feedstock weighs on cash flow of PSF plants and makes them face losses. To keep breakeven, PSF plants are forced to raise offers.This round of rise is irrational and rare in tradi Read More

PET bottle chip lacked up momentum recently, despite rapidly hiking polyester feedstock. As a result, cash flow squeezed substantially.In terms of cost side, some PET bottle chip orders may face certain losses. According to CCFGroup statistics, spread between water bottle chip and polyester feedstoc Read More