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PX: Strong rise in the first quarter, where to go in the second quarter?
Introduction: Entering 2023, the PX industry chain market will fluctuate and rise. The main reason is that it is boosted by macroeconomic favorable conditions, especially the end o…
Freight prices soar! Both the East and the West exceeded double-digit growth
Just now, the World Container Composite Index (WCI) released by Drewry rose 4% this week, the first increase in 15 weeks. Routes from China to Northern Europe, the US West and the …
As Vietnam undergoes transformation, can the textile industry continue to attract gold?
Vietnam aims to increase green economy’s contribution to GDP to US$300 billion by 2050 Planning and Investment Minister Nguyen Chi Dung said Vietnam has set a goal to increase the …
Oil prices fell back, causing cost collapse in the energy sector
On Friday, domestic energy and chemical futures generally fell. Among them, the main contracts of crude oil, asphalt, and low-sulfur fuel oil all fell by about 3%. The energy and c…
Price reduction promotion, cotton long and short differences are still large
According to CFTC statistics, as of April 14, 2023, the 2022/23 ON-CAll contracts on the ICE cotton futures market fell to 33,614 contracts, a significant decrease of 2,086 contrac…
Starting from the second quarter, domestic and foreign cotton prices are expected to fluctuate upward.
Recently, reporters from China Cotton Network went to Qingdao, Shandong Province to participate in the 2023 China Textile Industry Summit Forum. According to the results of the dis…
Starting from May 1, some shipping companies will charge additional GRI surcharges! Many U.S. routes suspended again…
At the critical moment when the long-term contract countdown for the new year on the US Line is entering, shipping companies are planning to raise spot freight rates for the second…
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Long and short factors are intertwined, where will cotton prices go in the future?
Since the first quarter of 2023, domestic cotton prices have maintained a volatile upward trend. There are many bullish reasons for market expectations that the Fed’s interes…
Indian cotton: The phased elimination of import tariffs may be “a matter of course”
According to reports, the South India Cotton Mills Association (SIMA) recently once again called on the Indian Finance Minister to exempt 11% cotton import tariffs during the cotto…
Another 100,000-ton unit comes into operation! Production capacity has increased significantly, and the negative mentality of spandex has increased
Huafeng Chemical announced on April 25 that part of the 300,000 tons/year differentiated spandex expansion project of the company’s controlled subsidiary Chongqing Spandex Co…