The operating rate of corresponding fabric mills is high now, with that of warp knitting mills at above 90% in Haining and near 60% for circular knitting plants in Xiaoshan and Shaoxing. The consumption of grey fabric was seriously diversified. Some circular knitted fabric and warp knitted fabric pe Read More

Before the mid-1980s, a large probability of a La Nina event would cause a cold winter. But in the context of global warming, the situation has changed, the same La Nina event, but the frequency of warm winters is increasing. Since 1986, in nearly eight La Nina events, the proportion of cold and war Read More

According to the latest monitoring results of the National Climate Center, based on the current situation of marine atmospheric circulation in the equatorial Pacific Ocean and the prediction results of domestic and foreign climate dynamic models and statistical methods, it is expected that the La Ni Read More

Though new PX plants are expected to delay to Nov and thus the impact on market is relieved slightly, several plants shut earlier are expected to increase production. Oman Aromatics is restarting its PX plant recently and it has impacted the market with active selling. Read More

Though crude oil and PX prices hiked in early Oct, polyester sales were lackluster. The sales ratio increased to 110-120% only on Oct 8, but dropped to below 40% on Oct 10. Even the rise in crude oil price was not able to drive down product inventory in polyester plants. With high inventory, some la Read More

During the golden week holiday in the beginning of Oct in China, crude oil price surged on the back of OPEC+ production cuts. After the holiday, however, the pandemic resurged in several regions in China, and People’s Daily stressed the significance of “dynamic zero” policy on Oct 11. In addition, t Read More