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Why did China aggressively sign contracts for US cotton in 2023/24?
According to the USDA Export Weekly Report, in the week of June 9-15, 2023, the contracted volume of U.S. upland cotton exports in 2022/23 was 9,693 tons, a decrease of 57% from th…
Khmer prices eat up profits. When will the demand inflection point appear?
Cotton prices continue to rise. Compared with trading companies that actively quote prices, cotton spinning companies are forced to face the “soft cotton” market. Many …
PX: There were ups and downs in the first half of the year, but the pressure increased in the second half.
Introduction: In 2023, the Asian PX market first rose and then declined. In the first quarter, it was boosted by macroeconomic favorable conditions, especially the optimization of …
Staple fiber: It is not easy to rise or fall, and the second half of the year may be dominated by wide fluctuations
Introduction: Affected by demand and cost factors, the price of polyester staple fiber fluctuated widely in the first half of the year. Compared with the same period last year, the…
European and American clothing imports decline, retail market begins to recover
According to Wazir Consulting’s June 2023 “Apparel Trend Scenarios in Major Global Markets and India” report, Japan’s apparel imports in April were $1.8 bil…
How big can Zheng Cotton’s correction be this round?
Since mid-to-late June, Zheng Cotton has started a volatile correction. The main CF2309 contract has continuously broken through integer marks such as 17,000 yuan/ton and 16,500 yu…
Why did India’s cotton yarn imports drop sharply in May?
According to customs statistics, in May 2023, my country’s cotton yarn imports totaled 128,900 tons, an increase of 7.16% month-on-month and a year-on-year decrease of 1.48%.…
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PTA: The performance of “Gold Three Silver Four” is optimistic. Can “Gold Nine and Silver Ten” be continued?
Introduction: PTA’s “Gold, Three, Silver and Four” market performance was optimistic in the first half of the year, with prices reaching new highs. However, as th…
A sharp drop of 15% in a single week! The world’s three major container freight indexes collectively fell…
Freight rates from Asia to the US West Coast fell sharply by 15% in a single week According to the latest data from Freightos Baltic Exchange (FBX), last week, the freight rate fro…
Predicting polyester product price trends from inventory levels
Observation of the inventory levels of upstream and downstream products in the polyester industry chain found that in the second quarter, all links entered the destocking channel, …