With the turnarounds of Xinhang Energy and Xinjiang Tianye, operating rate of coal-based MEG units decreased to around 27% by August 25. Tongliao GEM Chemical shut its unit on Aug 26 and Weihe Binzhou Chemical would conduct maintenance in end-Aug. Then the run rate of coal-based MEG units is expecte Read More

Temperature in Xinjiang cools down in early and mid-Aug, and the worries of high temperature on new cotton production alleviate. However, in late Aug, the temperature in Xinjiang becomes lower than the same period of last year, and some areas of Xinjiang suffer snowy and rainy weather. During the bo Read More

The high inventory was followed by fund pressure for yarn mills. Thus yarn prices continued to decline, and losses become more frequent. The cash flow turned positive since late Jun due to the drop of cotton price from more than 20,000yuan/mt to 15,000yuan/mt. However, the using of high-priced cotto Read More

Rayon single yarn exported to five destinations (Brazil, Bangladesh, Pakistan, India and Vietnam) in Jul amounts to 7.805kt, down 24.9% y-o-y, accounting for 86% of total single yarn exports and the percentage has been falling for consecutive three months. The export structure has changed in Jul as Read More

From the prospective of feedstock, PX supply is tight, and PTA operating rate is hard to climb up. Some plants still have plan to cut production in Sep. PTA market may focus on de-stocking further in Sep. In terms of demand, yarn inventory in spinning mills remains high currently, but with the lower Read More

From the prospective of feedstock, PX supply is tight, and PTA operating rate is hard to climb up. Some plants still have plan to cut production in Sep. PTA market may focus on de-stocking further in Sep. In terms of demand, yarn inventory in spinning mills remains high currently, but with the lower Read More