To sum up, downstream demand for cotton yarn is weak, and it is almost certain that demand will decline in October compared with September. The overall supply of cotton yarn reduces due to the epidemic upgrading in Xinjiang, giving some support for cotton yarn prices. Besides, domestic mills face th Read More

.The cost of cotton yarn mills rises as domestic cotton supply is tight and prices are firmCotton stocks in cotton yarn mills were continuously at low level as market commonly expected the falling of cotton prices, and the averaged inventory was less than 20 days till now. Though prices of cotton fu Read More

1.The proportion of Xinjiang cotton yarn production is relatively large, which leads to the reduction of domestic cotton yarn supplyThe spinning capacity in Xinjiang has exceeded 20 million spindles. As the second largest production base in China, the capacity accounts for around 15% of national tot Read More

Covid-19 epidemic has appeared in Xinjiang since August. Some cotton yarn mills suspended production or implemented the enclosed management, but had little influence on the overall market. Epidemic condition became worse during National Day and confirmed cases increased in many places of Xinjiang, m Read More

Polyester cost and price of polyester products increased during the National Day holiday, with increment of WTI crude oil, polyester feedstock cost and polyester POY150D at 17%, 5% and 4% respectively. On one hand, some PTA and MEG units resumed operation and there are new PTA and MEG units to be la Read More

In general, soaring oil price only drives sales of PFY for a short period. High inventory burden remains. Players still hold weak mindset. Downstream business does not show signals to increase temporarily and may even weaken later. By convention, seasonal demand is likely to soften near end-Oct. The Read More