Regarding the reasons for the rise in cotton prices, various institutions immediately gave different interpretations. Common reasons are: 1. cotton commercial inventory is lower than expected; 2. cotton production of 2023/24 crop year will decline; 3. the demand for cotton is acceptable, and there a Read More

The recent performance of each link in the cotton and cotton by-product chain has been quite different. Among them, fibers are generally strong, while the downstream is mostly weak, and refined cotton price even drops instead of rising. The mainstream price of industry-grade refined cotton has falle Read More

Under the rumors of cotton commercial inventory shortage, the expectation of a sharp reduction in cotton production in the 2023/24 crop year, and high spirits of harvest rush. Coupled with the participation of various funds, the sentiment in China cotton market has been high recently, and prices hav Read More

The polyester polymerization rate is expected to peak while may keep firm for a short period with low inventory, which is estimated to be above 90% in Jun. Feedstock market witnesses modest pressure in terms of supply and demand in Jun. The operating rate of PTA plants is rising, which may advance t Read More

Seasonal demand tends to weaken later. Sporadic replenishment of autumn and winter fabrics may appear. After sampling orders for autumn and winter were finished in May, some players may restock in Jun-Jul. Sales of dralon fabrics improve this week. However, these sporadic orders will be hard to miti Read More

Operating rate of fabric mills declined again this week, down by 3 percentage points on the week, when the delivery of seasonal orders in May was finished and stocks of conventional grey fabrics faced high pressure. The operating rate of fabric mills decreased to 71% in Zhejiang and Jiangsu: around Read More