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Since mid-October, the price of polyester filament yarn has been continuously declining, lower than the low point from the end of September by the end of November. The price of POY150D has dropped to a low of 6,600yuan/mt, marking a new low for the year. Looking at the longer-term trend, current pri
Upstream feedstock prices rapidly rose for a short period in early-October and then started falling. Price of PFY was lower than the early-low in end-September by end-November. The downstream sector generally feels that polyester filament yarn prices are currently at a historically low level, but th
On Dec 11, Zara's parent company, Inditex published its third-quarter report. The company's revenue for the first three quarters grew by 7.1% year-on-year to 27.4 billion euro, while net profit increased by 8.5% to 4.4 billion euro, and gross margin improved by 4 basis points to 59.4%.In the third q
In terms of origins, PX imports from Middle East has increased obviously since Aug, and there're also inflows from Thailand, India and Indonesia. That part accounts for more than 200kt of increase in PX imports (including the increase from Kuwait since Jun). It indicates the return of PX, after the
