Is OPEC holding back its big move?  Major meetings make oil price trends confusing

Is OPEC holding back its big move? Major meetings make oil price trends confusing



On the weekend of June 3rd to 4th, OPEC+ major oil-producing countries will hold a major meeting to evaluate oil production decisions. Recent news shows that the prospects for prod…

Order shortage and order tide coexist, and the fabric industry is “ice and fire”

Order shortage and order tide coexist, and the fabric industry is “ice and fire”



Since May, the domestic consumer market has accelerated its recovery. Compared with the hot catering and tourism markets, the textile market is still slightly deserted. “The …

The downward transmission of cotton prices is blocked, and the prices of major textile raw materials may resonate back down.

The downward transmission of cotton prices is blocked, and the prices of major textile raw materials may resonate back down.



Since May, domestic cotton prices have continued their upward trend in April. On May 24, the price of China’s 3128B grade lint cotton increased by more than 1,000 yuan from A…

“Difficult” extension of production cut agreement, oil prices opened up more than 4%!

“Difficult” extension of production cut agreement, oil prices opened up more than 4%!



The results of the much-watched OPEC+ meeting have been released. “Difficult” to reach an agreement to extend production cuts, oil prices still face greater pressure as…

RCEP is fully effective!  What impact will it have on the textile and apparel industry?

RCEP is fully effective! What impact will it have on the textile and apparel industry?



On June 2, the Regional Comprehensive Economic Partnership (RCEP) came into full effect for 15 member countries, marking that the world’s largest free trade area will enter a…

Yarn prices have increased significantly, and the cotton spot market has “prices but no market”

Yarn prices have increased significantly, and the cotton spot market has “prices but no market”



According to feedback from some cotton spinning companies in Jiangsu, Zhejiang, Shandong and other places, the Zheng cotton CF2309 contract has continued to rise sharply in recent …

Inquiries increase and spot transactions of imported cotton accelerate

Inquiries increase and spot transactions of imported cotton accelerate



According to feedback from cotton trading companies in Qingdao, Zhangjiagang, Guangzhou and other places, the main CF2309 contract of Zheng Cotton exceeded 17,000 yuan/ton yesterda…

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External demand has not recovered effectively, and the growth rate of textile and clothing exports declined again in May.

External demand has not recovered effectively, and the growth rate of textile and clothing exports declined again in May.



According to the latest data released by the General Administration of Customs on June 7, while external demand has not yet effectively recovered, combined with the impact of the s…

As the camping fever cools down, which outdoor sports will become the new trend?

As the camping fever cools down, which outdoor sports will become the new trend?



The warmer temperatures in the past two months have stimulated people’s desire for outdoor sports. After returning to travel freely, more choices have had a certain impact on…

Inventory digestion is worrying. Will viscose staple fiber enter a dormant period or a repair period?

Inventory digestion is worrying. Will viscose staple fiber enter a dormant period or a repair period?



From January to May 2023, the market price of viscose staple fiber has been relatively stable. Taking 1.5D*38mm as an example, its operating range is 12,900~13,100 yuan/ton. In 5 m…


 
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