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Fundamentals are marginally weaker, and PTA’s decline is not over yet
In the past month, PTA has started a downward trend, with a decline of more than 20%. On the one hand, the cost side of crude oil and PX fell, and PTA cost support was no longer av…
The Xinjiang cotton ban has entered Asia, orders are flying “southeast”, and the textile and clothing manufacturing industry is under pressure!
In the traditional textile off-season, raw material prices have begun to decline in April in previous years. However, this year, supported by high costs, they violated seasonal rul…
The change in supply and demand is a general trend, and the center of gravity of oil prices may gradually shift downward.
Last week, concerns about economic recession enveloped the world. There was a panic slump in the commodity market, and oil prices also experienced violent fluctuations. They plumme…
Oil prices have skyrocketed and plummeted, and the polyester market has become increasingly risky. The market is expected to fall back in the second half of the year!
On July 5, international crude oil futures prices plummeted. The settlement price of the main U.S. WTI crude oil futures contract was US$99.50/barrel, a decrease of US$8.93, or 8.2…
Analyzing the market outlook for polyester chains from fundamentals
The decline in polyester chain futures has eased recently, and ethylene glycol even bucked the trend last week. What are the reasons why ethylene glycol performs better than PTA an…
These countries impose a unified 35% import tax, which will affect a large number of products!
Recently, the East African Community (EAC) issued the latest statement, announcing that the EAC finance and trade ministerial officials formally adopted the fourth level of common …
The internal structure of oil-producing countries is stable, and institutions are bearish on oil prices in the third quarter
Crude oil plummeted at the beginning of last week, with Brent crude oil and WITI crude oil having their largest single-day declines of more than 10% on July 5, falling below US$100…
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The commodity market has collapsed again! International oil prices continue to plummet, and the tight situation in the oil market remains difficult to alleviate!
Last night, the commodity market collapsed again! On Tuesday night, international oil prices collectively fell by more than 6%. Brent crude oil futures fell below the key psycholog…
European and American ports are experiencing historic congestion, and more than 1/3 of the world’s shipping capacity has been “eaten”!
Since the beginning of this year, due to the impact of the epidemic and inflation, overseas consumers’ online shopping demand has continued to decline, and sellers’ shipments have …
Three reasons lead to U.S. cotton port inventories continuing to rise
According to feedback from cotton trading companies in Qingdao, Zhangjiagang, Nantong and other places, the total bonded cotton inventory and the total non-bonded cotton inventory …