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2022-2023 is still the production cycle, and the PTA inventory accumulation pattern may continue!
Since October 2019, the average processing profit from PX to PTA has been at a low level for a long time, and many backward and old production capacities have been eliminated. Sinc…
Saudi Arabia’s heart, needle under the sea, turned around and raised oil prices for the United States and Asia!
Saudi Arabia’s heart is like a needle in the sea. It’s really hard to guess and understand. At the OPEC+ meeting last Thursday, Saudi Arabia seemed to let the United St…
This factory was ordered to stop production and two people were arrested. Why?
They are unwilling to spend money on equipment to standardize the treatment of production wastewater. Instead, they use their “crooked brains” to directly dilute the pr…
The upward momentum has obviously weakened, may the cotton market have peaked?
The drop in foreign cotton prices in the past week actually did not surprise the market. The high prices have already reached the time of correction and re-gaining strength, but th…
The cotton market fell together, and the cotton market was deserted.
Since November 25, Zheng cotton and ICE cotton prices have fallen hand in hand. Among them, Zheng cotton CF2205 contract fell below the key point of 19,000 yuan/ton. The intraday l…
Cotton stocks in main ports may bottom out before and after the Spring Festival
Judging from feedback from cotton trading companies in Qingdao, Zhangjiagang, Shanghai and other places, bonded and non-bonded cotton stocks at ports continued to decline in Novemb…
In the game of long and short factors, Zheng Mian reappears the trend of stabilization and shock
Recently, Zheng cotton futures prices have once again shown a tendency to stabilize and fluctuate after bottoming out. This may be related to the recovery of market mentality after…
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Panic leads to long road to recovery for cotton prices
On December 3, ICE cotton futures moved higher driven by speculative buying and bargain hunting. Over the past week, the new coronavirus mutant strain “Omicron” has sho…
Cotton yarn prices at home and abroad fell, and polyester staple fiber prices continued their decline.
Last week, the “Omicron” mutant strain further aroused market concerns, coupled with sluggish downstream demand, it also had a certain impact on products in the textile…
In the short term, PTA prices may fluctuate between 4,500-4,800 yuan/ton.
The PTA market in 2021 is in a “thriving” situation overall compared with 2020, with the highest price exceeding 5,500 yuan/ton. However, by mid-November, as internatio…