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Supply rebounds rapidly, ethylene glycol operates under pressure
As the cash flow of the equipment is restored, the willingness of enterprises to focus on maintenance has declined. At the end of June, many units have been restarted. Even though …
The single-day increase exceeded expectations. Why did PTA increase its position significantly?
After the opening of the daily trading on the 7th, PTA futures increased their positions significantly, breaking through the previous oscillation high. As of the closing, the PTA 2…
The external market resumes its upward trend, and cotton may rise more easily than fall.
Recently, there are many factors plaguing the cotton market. There is a general consensus that the downstream demand is weak. The profits of the spinning process are reduced, and t…
Shipping companies have significantly increased freight rates, is there an undercurrent in the shipping market?
Recently, Maersk announced a significant increase in freight rates in an attempt to “reverse” the low freight rates on the Asia-Northern Europe route for several weeks.…
Consumption picks up with twists and turns, ICE retreats to 80 cents
In recent trading days, the main contract of ICE cotton futures has continued to consolidate around 80 cents/pound, mainly due to the wide adjustment of the US dollar index, the &#…
Some varieties are oversold! High polyester production may be the biggest driver of PTA surge…
Recently, PTA futures have increased their positions significantly, breaking through the previous oscillation high. As of the closing on the 7th, the main PTA contract rose sharply…
The supply and demand pattern improves, and ethylene glycol is expected to continue its rebound
At present, although the start-up load of ethylene glycol has rebounded significantly, port inventories continue to decline, coupled with the recovery in the start-up load of the d…
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Industry research: PTA companies are optimistic about demand for polyester
1. Research enterprise: a large trading company in East China Excerpted point of view: PX cost support is still there, PXN is difficult to compress in the short term, the impact of…
Explosive Rise, Indian Yarn or “Return of the King”
According to statistics, India’s cotton yarn exports in May 2023 totaled 80,200 tons, a year-on-year increase of 69.87% and a month-on-month increase of 4.79%. It not only co…
Electricity consumption may “shift peaks and fill valleys”, and polyester yarns are at risk of decline
[Introduction]: High temperatures in summer and increased electricity consumption by residents have led to overall tight power supply. Jiangsu, Zhejiang and other regions have succ…