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Be alert! The impact of the strike continues to ferment. The country’s seven major ports have declared force majeure and shipping companies have stopped booking business!
Starting last Friday, employees of South African port terminal operator Transnet went on strike over wage issues. Transnet said that force majeure existed in all South African port…
Caught off guard! ICE’s main contract insurance dropped to the limit
On October 12, ICE cotton futures opened higher and moved lower. The main contract once again fell below 85 cents/pound, once hitting the limit (low 84.25 cents/pound), and closed …
In the game between long and short parties, oil prices have continuously staged reversal dramas. Has production reduction become “invalid”?
Since October, the crude oil market has seen a fierce battle between long and short. Last Friday, the stock market and commodities staged a dramatic reversal, and last ThursdayR…
The quality of “Silver Ten” has slightly improved. Is this year’s “Silver Ten” special in the polyester market?
The dramatic cooling during the National Day Golden Week that just passed was impressive. Now, a new round of cold air is sweeping in again. The “cold wave” is coming, …
With both supply and demand weak, MEG may focus on sorting out the weak points.
Last week, international oil prices fell, coupled with the restart of maintenance equipment and the accumulation of inventory in main ports, the upward drive of ethylene glycol was…
Tensions are rising, Saudi Arabia “slaps” Biden in the face! Crude oil will still face downward pressure
According to the Global Times, in the middle of last week, the Ministry of Foreign Affairs of Saudi Arabia issued a statement confirming that the U.S. government had asked Saudi Ar…
The acquisition of Beijiang is now “involved”. Although it seems like a scene of blooming flowers, you still need to calm down!
Nowadays, the new cotton market is like this: there are not enough machines to pick, the factory cannot be moved, it is difficult to find a car, and the way out is blocked. They ar…
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The launch of new polyester production capacity is cautious, and the launch of new polyester production capacity will gradually slow down in the future!
The temperature is gradually dropping, and the silver ten is in urgent need of support in the market, but the recovery of polyester load is still greatly limited. On the one hand, …
Oil-producing countries are determined to reduce production. Can relatively high oil prices be sustained?
In early October, OPEC+ production cuts pushed oil prices to soar. By mid-October, concerns about economic recession in Europe and the United States began to envelope the oil marke…
A drop in the bucket is not enough, polyester filament may continue to be weak.
Some time ago, the polyester raw material market led by oil prices was booming, but recently, PTA can only be described as miserable: due to the fluctuation of raw material trends,…