ABS demand declines as a whole amid the off-season, and the overall contradiction between supply and demand further prominent, the market may not move up in the later period. Currently, the mainstream price falls to 11530yuan/mt in East China, and declines to 10820yuan/mt (excluding tax) in South Ch Read More

New orders in fabric mills decreased largely since the second half of Sep, and now orders of fabric mills were at low level. It was heard that export orders for autumn and winter next year began to be sold with few quantities, but domestic orders slipped further after Double Eleven. The inventory in Read More

China's factory activity contracted at a steeper pace in November amid renewed domestic COVID-19 cases and slackening domestic and external demand, adding pressure to the country's slow and bumpy economic recovery, experts said.They called for more efforts to promote economic growth to a reasonable Read More

Cotton linter import market gradually returns to be rational in 2022 after witnessing a blowout growth last year. The import of Sep hits new lows within the year and there is a significant increase in Oct, but still much lower than the comparable 2021 level. At the same time, the import price is div Read More

In Sep, PSF plants cut production intensively with low PSF spread, then plants hold firm attitude on price and take the discursive power. In Oct, with certain support from moderate demand, high PSF spread maintain overall. In early Nov, stimulated by the news about the changes of COVID control measu Read More

In Nov, orders for downstream spinning mills reduce, and inventory continues to hit new high. Currently, the inventory of polyester yarn and polyester/cotton yarn is generally at 30-40 days. Recently, under the COVID control measures in many regions, some spinning mills cut operating rate or suspend Read More