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Great profit! -12 million barrels, oil prices rise! Bears beware…
Last night, the oil market ushered in great news! At 10:30 pm on Wednesday night, data released by the U.S. Energy Information Administration (EIA) showed that U.S. EIA crude oil i…
Shut down the factory and reduce the load! No quotation on closing date! Many chemical industry leaders take collective action!
Recently, it was reported that South Korea’s Kumho Mitsui will not accept orders for all MDI products in May. The current MDI production capacity of Kumho Mitsui Chemicals…
Supply exceeds demand, PTA may oscillate weakly in June
As of May 25, the spot price of PTA in May fell by 10.30% month-on-month. The author predicts that PTA will show an oversupply pattern in June, and the spot price is expected to be…
Regional oscillations, PTA’s medium-term trend is hard to be optimistic
Since mid-March, driven by the centralized maintenance of PX in Asia and the high start-up of downstream polyester production, PTA has experienced a wave of rising prices. The spot…
Is OPEC holding back its big move? Major meetings make oil price trends confusing
On the weekend of June 3rd to 4th, OPEC+ major oil-producing countries will hold a major meeting to evaluate oil production decisions. Recent news shows that the prospects for prod…
Order shortage and order tide coexist, and the fabric industry is “ice and fire”
Since May, the domestic consumer market has accelerated its recovery. Compared with the hot catering and tourism markets, the textile market is still slightly deserted. “The …
The downward transmission of cotton prices is blocked, and the prices of major textile raw materials may resonate back down.
Since May, domestic cotton prices have continued their upward trend in April. On May 24, the price of China’s 3128B grade lint cotton increased by more than 1,000 yuan from A…
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“Difficult” extension of production cut agreement, oil prices opened up more than 4%!
The results of the much-watched OPEC+ meeting have been released. “Difficult” to reach an agreement to extend production cuts, oil prices still face greater pressure as…
RCEP is fully effective! What impact will it have on the textile and apparel industry?
On June 2, the Regional Comprehensive Economic Partnership (RCEP) came into full effect for 15 member countries, marking that the world’s largest free trade area will enter a…
Yarn prices have increased significantly, and the cotton spot market has “prices but no market”
According to feedback from some cotton spinning companies in Jiangsu, Zhejiang, Shandong and other places, the Zheng cotton CF2309 contract has continued to rise sharply in recent …