Cotton yarn market went thinner after Tomb-Sweeping Festival, and was basically into slack season after May Day holiday. Though the market weakened earlier, it was in line with the traditional period. Currently, downstream orders have reduced apparently. New orders were limited and volumes were main Read More

Recently, ZCE cotton futures market remains firm, but sales are bleak. Currently, offers of cotton under fixed level are high. Xinjiang machine-picked grade-3128 cotton prices have been offered at 16,300yuan/mt and above, ex-Xinjiang. For basis trades, market offers are mixed. The mainstream basis o Read More

The start-up of Hengli Petrochemical's ethanol amine (EOA) unit has been postponed to the end of July and the EO/EG switch will also be postponed to the end of July. Satellite Petrochemical has one MEG line under maintenance for one month and plans to switch to EO production after maintenance. Howev Read More

MEG supply is expected to increase. Malaysia's PRefChem restarted its 750kt/year MEG plant in Pengerang last weekend. Eyes could rest on the stability of the operation. In China domestic market, SHCCIG Yulin Chemical and Weihe Binzhou Chemical have restarted their units. Maintenance/restarts are mos Read More

Since 2023, overall consumption has been recovering, with a year-on-year increase of 8.5% in the total retail sales of consumer goods from January to April, and significant increases in the textile and apparel, catering, jewelry, and automotive industries. However, it should be noted that this high Read More

Due to the accelerated startup of PS and ABS plants in the past two years, the market have changed from undersupply to oversupply. In 2023, the expansion of production capacity continues, leading to an exacerbation of the oversupply of PS and ABS. Currently, although demand is expected to increase i Read More