In early October, the rise in CPL was mainly driven by the rise in oil prices during the National Day period. But in the middle of the month, crude oil and benzene prices were pulled back, while a number of CPL production suspension, including Yangmei, Lubao, Risun, etc., had pushed up spot CPL furt Read More

The demand for MEG cargoes in East China ports has apparently weakened with more domestic supply, lagging behind that in MEG producers. Previously, the change in MEG port inventory could apparently reflect the demand and buying sentiment of polyester plant, but this feature has gradually faded away Read More

The status quo of recent polyester market can be described as: expected to weaken soon but has resilience in reality. Demand cannot be simply described as bad now as there is resilience. It is not necessary to revise down the polymerization rate to below 80%. After all, the polyester polymerization Read More

According to the survey made by CCFGroup, the seasonal demand for polyester products and end-user demand grew in Aug and Sep. In fact, demand for cotton textiles and other fibers also witnessed similar trend. Read More

The news of production curtailment kept emerging in Sep, even earlier in Aug. PFY companies faced big inventory burden in 2022. With strong feedstock price in Sep, most polyester companies suffered losses, excluding PET bottle chip producers. Under such circumstance, many factories strongly intended Read More

the procurement progress of new seed cotton is obviously lower than the same period of last year, and the procurement, ginning progress and transportation is all impacted by the epidemic in Xinjiang. With limited arrivals and tight supply, machine-picked seed cotton prices rise somewhat currently. T Read More