The euro hit the lowest level against the US dollar in two decades, trading at 0.99 yesterday. Earlier, the euro dropped to under parity with the greenback in July beginning and has dropped by close to 12.8 per cent versus the US dollar this year as economies were hit by peak inflation. The exchange Read More

The recovery in July was not easy as the country had to deal with sporadic domestic COVID-19 flare-ups and high temperatures in many regions, NBS spokesperson Fu Linghui told a press conference."However, the economy is still in the process of recovery with the insufficient market demand as a big con Read More

China’s value-added industrial output went up by 3.8 per cent year on year (YoY) in July and 0.38 per cent over the June figure. The country's retail sales of consumer goods rose by 2.7 per cent YoY last month. Other major economic indicators including the index of services production and fixed-asse Read More

Meanwhile, cotton prices in north India remained steady today amid thin trade and limited buying. However, the prices had witnessed upward trend in last one week as domestic prices found support from rise in ICE cotton. According to traders, cotton arrival will not improve in next 45 to 60 days. The Read More

Cotton yarn witnessed higher prices in north India’s markets today as demand improved substantially. Virgin cotton yarn was sold in Delhi and Ludhiana with gain of ₹5-8 per kg. Traders feel that higher cotton prices are also supporting yarn prices. Recycled yarn market in Panipat also noted better b Read More

Reliance is also the biggest PTA producer in India, with capacity of more than 4.5 million mt/yr, accounting for 57% of total in India. There has been no news about PTA or polyester plant maintenance, however, PTA plant operating rate would inevitably be affected by PX plant shutdown. PTA plant oper Read More