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Are there arbitrage opportunities between PX and PTA?
On September 15, 2023, domestic PX futures and options contracts were officially listed on the Zhengzhou Commodity Exchange. As a raw material in the upper reaches of the polyester…
The market is stuck, when will cotton’s sideways pattern be broken?
The cotton market has been relatively stagnant recently. Although the price seems weak and difficult to rise, it fell below 17,000 yuan/ton and seemed to be quickly raised by specu…
Supply and demand weaken, PTA has accumulated inventory
Introduction: Affected by the Asian Games, some polyester factories have introduced maintenance or load reduction plans. The polyester operating rate has declined. The demand has w…
The quality of “Golden Nine” is insufficient, and cotton yarn sales have not yet accelerated.
Judging from the feedback from foreign trade companies, clothing and weaving enterprises in coastal areas such as Guangdong, Fujian, Jiangsu and Zhejiang, although the new orders o…
Cost dominates, short fiber may increase first and then decrease
In the third quarter of 2023, the supply and demand of polyester staple fiber will be weak, and the absolute price will rise following the cost shock. As shown in the figure, compa…
The population is large and people love to buy, buy, buy! The total trade volume has exceeded 100 billion US dollars, and this country may be the next trend!
From January to August this year, the total bilateral trade volume between China and Brazil exceeded 100 billion US dollars. Brazil has long been expected to become the next emergi…
Wanhua Chemical announces resumption of production!
On the evening of September 26, Wanhua Chemical Group Co., Ltd. issued an announcement on the resumption of production of MDI integration, petrochemical integration and other devic…
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Oil prices staged a deep V trend, and the polyester sector turned green across the board
International oil prices staged a deep V trend On September 26, international oil prices rebounded after hitting a two-week low, showing a deep V trend. As of the close of the day,…
Last night and this morning, crude oil rose sharply again!
Last night and this morning, crude oil rose sharply again! Shortly after the U.S. stock market opened, WTI crude oil once stood at $93 per barrel, the first time since November 7 l…
One-sided drop of more than 10%! Will the crude oil market enter a new stage?
The sharp drop in crude oil prices during the National Day holiday has become the focus of investors’ attention. In fact, crude oil has experienced violent unilateral fluctua…