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As for the sea freight, export orders were worse than anticipated. Supply of containers was excessive. The sea freight kept falling. Reflected by some traders, the freight to Bangladesh/Chittagong was at US$5,500-5,700/40HQ, down by US$2,000-2,500 compared with the beginning of 2022. The freight to
It is clear that export orders will not sustain and the destocking of polyester yarn will depend on domestic demand. However, downstream weavers now run at very low rate, indicating bearish downstream demand. At present, other yarns are all experiencing inventory accumulation, showing weakness of ov
