Downstream buyers increased purchasing after oil price spiked during the National Day holiday, ending up with better-than-expected sales, while overall sales were moderate as downstream buyers still held cautious mindset. PFY companies only slightly raised price, indicating high inventory burden, an Read More

The United States was quite dissatisfied with the production cut and said that current economic fundamentals do not support production cuts. But in the end, the production reduction agreement was not only passed, but also bigger than the expectation. The White House immediately announced that it wou Read More

Many Chinese home appliance enterprises saw demand for their heating products rise from the European market during the ongoing 132nd session of the China Import and Export Fair, or Canton Fair, the Shanghai Securities News reported on Friday Read More

According to Bangladesh Textile Mills Association (BTMA) around 60% of member factories are in an exposed situation due to the severe gas crisis. Especially factories located around Dhaka, in Narayanganj, Araihazar, Madhabdi, Ashulia, Savar, Gazipur, Sreepur, Bhaluka, Chittogram and Kumilla area wer Read More

The recent energy crisis has hit hard the Bangladesh textile mills. Industry leaders said that since the scarcity of gas began a couple of months earlier, 60% of textile mills’ production was hampered due to the gas crisis. And textile factories have reduced 30%-40% of their total production capacit Read More

Three fourths (73 per cent) of respondents said they are considering sustainability when shopping for the holidays. Twenty-nine per cent of consumers surveyed will bundle multiple orders to help reduce carbon emissions, while 38 per cent will avoid single-use plastics, and two in five will choose to Read More