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The Fed’s hawk voice is loud and cotton suffers a critical hit
On March 7, ICE cotton futures opened lower as traders awaited the release of USDA supply and demand data on Wednesday and the weekly U.S. cotton export report on Thursday. In addi…
Reversal in the middle of the night, crude oil profits have been exhausted, and the bottom pattern is slowly coming out
Last night, oil prices at home and abroad suddenly rose. During the U.S. stock market, the main fuel contract rose by 2% during the day, WTI crude oil increased by 2% during the da…
Cost-side support weakens, and ethylene glycol continues to fall!
Ethylene glycol has been the weakest among polyester chains recently. It fell 1.7% again today to 4,170 yuan, falling for four consecutive days. After international oil prices weak…
Orders from Europe and the United States have decreased, and exports from many Asian countries have plummeted by double digits!
Against the macro backdrop of a global economic slowdown, global trade and consumer demand have further slowed, and the import and export data of many Asian countries in January fe…
The shortage of foreign trade orders has become a reality. Vietnam, Laos, and India have long been eyeing my country’s chemical fiber weaving industry!
China’s chemical fiber market pays attention to “three points depends on domestic demand and seven points depends on foreign trade.” The growth rate of foreign tr…
Demand remains at a periodic high, but price transmission is still not smooth! “Black Swan” reappears, polyester chain is under collective pressure…
According to data from the General Administration of Customs, from January to February, my country’s textile and apparel exports were US$40.84 billion, a year-on-year decreas…
Counter-cyclical expansion, the chemical fiber leader extends the integrated industrial chain by tens of billions! “Chinese supply chain” is moving towards “world supply chain”. Will Myanmar become another textile center?
-01- Xinfengming raised another 1 billion, Lay out an integrated industrial chain! On March 8, Xinfengming announced that the company plans to issue shares to specific targets to r…
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Multiple negative pressures may push ICE below 80 cents
Since March, ICE cotton futures have continued to fluctuate and fall. The main market price in May fell below 85 cents/pound and then consolidated in the 80-85 US pound box. The tr…
Where will cotton prices go after falling to the limit?
From March 6th to March 10th, temperatures across the country soared after the Jingzhe. It seemed as if they couldn’t wait for summer. However, the cotton market was experiencing c…
It is relatively difficult to destock, and the price center of ethylene glycol may move upward.
Recently, hawkish comments from Federal Reserve officials that they will further raise interest rates have supported the strength of the U.S. dollar and put pressure on oil prices.…