Cotton textile market experiences a difficult year in 2022, with the demand restrained by multiple outbreaks of the epidemic, inflation, Russia-Ukraine war and the U.S. ban on Xinjiang cotton. Cotton industrial chain becomes the worst variety. ZCE cotton futures have dipped over 40% compared with th Read More

The changes of feedstock market continue. Oil prices go firmer. On one hand, OPEC is expected to cut production. On the other hand, market players worry about global economic downtrend and weak demand. Under such condition, oil market seesaws. On Nov 10, U.S. released its Oct CPI, which was signific Read More

Of course, the higher discursive power to market prices of PSF plants does not mean the sustained profits. From the perspective of demand, demand weakens quickly since Oct with the multiple outbreaks of epidemic in many regions. Operating rate of spinning mills in Hebei reduced fast last week with e Read More

Take a review of two periods of high PSF spread. One is during Jun-Aug, after long period of plant shutdown, another is the period since Oct, after product cut during Aug-Sep. Normally, the process of “production cut-tight spot supply-profit improved” is closely linked, and the product cut has good Read More

Vietnam's textiles and apparel exports in Oct reached 2.702 billion USD, up 2.2% year-on-year but down 0.8% month-on-month. In terms of countries, Vietnam exported 1.02billion USD worth of textiles and apparel to US, 378million USD to Japan, and 338million USD to South Korea, accounting for 37.6%, 1 Read More

Vietnam's yarn net exports reached 43,200 tons in Oct, down by 42.2% from the 74,800 tons the same period last year but up by 5.1% from the same period last month. Read More