Since mid-Nov, crude oil market has been constantly decreasing from $90/bbl to around $80/bbl. Therefore, the cost support to PSF market weakens and looking-on mood covers on the market. Read More

BDO price has been close to the earlier low but demand lacks strong support. Price of PTMEG is expected to reduce more. The settlement price of PTMEG is more likely to be lower than 20,000yuan/mt and the price in recent two months may be more close to the earlier low. As a consequence, increasing PT Read More

Softening demand was the major reason for weakening PTMEG market. The operating rate of fabric mills decreased more in Nov when new orders failed to chase up and earlier orders came to an end with the pass of traditional peak season. Downstream players are cautious in production, worrying later dema Read More

Downstream finished goods inventory pressure is high, and the operating rate has gradually declined. Comparing the filament inventory in the previous five years (2017-2021), after June 2022, filament inventory has stayed above the historical highest level, only slightly lower in August, and then beg Read More

No improvement in orders from markets that are not controlled or have been unsealed has occurred. Hanzheng Street in Wuhan, China Textile City in Shaoxing, China Oriental Silk Market in Suzhou, Nantong Folded Stone Bridge and other major cloth and garment markets are currently less affected by the e Read More

The news of lockdown in Guangzhou's large wholesale fabric market had become the top line in social media in China in late October. Still the epidemic in Guangzhou has instead intensified and the downstream market may face a dismal closing of the shopping festival in November. As of November 13, 707 Read More