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The polyester market fluctuated strongly in August and may continue its upward trend in September.
In August 2023, the polyester market was operating steadily, market prices and profitability levels both rebounded, and the industry as a whole was still in a destocking cycle. Ent…
The negative impact has eased, and crude oil may fluctuate at high levels
Since May this year, Saudi Arabia and Russia have begun additional production cuts to support the oil market. Therefore, the actual crude oil production performance of these two co…
Falling below 7.32! Many factors affect exchange rate fluctuations. How will the exchange rate go in September?
The U.S. dollar index continues to strengthen, driving the RMB exchange rate against the U.S. dollar to continue to fall. On September 6, the spot exchange rate of RMB against the …
High polyester production and low inventory provide support to the PTA market
Introduction: Domestic PTA rigid demand was stable in August, and polyester products still maintained high production and low inventory levels. In the traditional small peak season…
After this round of rise, PTA futures prices may enter high levels and fluctuate
Since mid-August, several PTA factories have announced maintenance plans for September. Crude oil prices have bottomed out and have broken upwards. Demand from downstream peak seas…
Imported cotton: US dollar resource transactions decrease, textile companies favor cotton reserves
According to feedback from several cotton trading companies in Qingdao, Zhangjiagang and other places, due to the main ICE cotton futures contract clocking in at 90 cents/pound las…
Imported yarn quotations are chaotic and port inventories have rebounded
According to feedback from some cotton yarn traders in Zhejiang, Guangdong and other places, since late August, both the US dollar and RMB quotes for imported yarn have been confus…
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The game of forced destocking and negative feedback, what’s the future of crude oil?
International oil prices have risen slightly in the past week. According to the latest position data statistics, the net long positions of WTI crude oil and Brent crude oil have in…
Long and short seesaw! ICE rebounds or encounters resistance
Since September, ICE cotton futures have started a “roller coaster” rhythm. The main December contract plunged from the annual high of 90 cents/pound to 85.16 cents/pou…
Dropped nearly 30% again! U.S. apparel imports have fallen sharply, putting pressure on many Asian countries!
According to foreign media reports, the turbulent U.S. economic outlook has led to reduced consumer confidence in economic stability in 2023. This may be the main reason why U.S. c…