The sharp rise of ZCE cotton on Jun 1 more lies in the bullish expectation in medium to long run. Though 2022/23 Chinese cotton production is high, cotton imports reduce largely year on year, and from demand side, monthly cotton consumption has been constantly above 700kt or even 750kt from Mar, 202 Read More

Looking from the first rumor, there are different views on stock data. Every enterprise and institution has own investigation, and the differences on the stock data between the relative institution and actual market may have own different way to calculate the data. According to our views from the ma Read More

From the perspective of domestic demand, the slope of the month-on-month repair of domestic demand will become gentler in the second quarter, after the concentrated release of the backlog of demand in the first quarter. However, there is a difference for textile and clothing. As a seasonal consumer Read More

The inventory of DTY, yarns and grey fabrics is mounting in Jun. Grey fabric producers witness weakening profit after PFY price increased. The recouping of capital is a problem in the middle of year. Coupled with the coming of heat summer, downstream plants may face bigger pressure to lower run rate Read More

Price of PTA and MEG shivers at low level this week dampened by commodity atmosphere and oil price. The polyester products see good profit and low inventory. The raise of run rate will reduce the cost per ton, which will further push up the profit of producers. Polyester companies are still active i Read More

Since cotton has dropped above 20,000yuan/mt last year, the price difference between cotton and VSF has been narrowing. With the recent rise in cotton prices, the spread has reached a relatively high level in the past year. Moreover, the fundamentals of VSF are still tolerable at present, and the ph Read More