Page 40 - Ccfgroup News Today

In recent years, the international trade environment was complicated and volatile. Since last year, the United States began to impose sanctions over China ...

- Inner Mongolia Xinhang Energy restarts one MEG production line of its 400kt/year syngas-based MEG plant today and is expected get MEG products on April 28. The company is expected to restart the third line around April 29. [RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will ...

- On April 21, 2021, the Ministry of International Trade and Industry of Malaysia issued a notice that it decided to terminate the anti-dumping investigation against Polyethylene Terephthalate with Intrinsic Viscosity of 0.70 decilitres/gram or more, originating from or imported from China, Indonesia, South Korea and Vietnam, involving the customs tariff number 39076100.000,3907691000 and 3907699000. [RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this ...

- As per Trend report, the share of cotton yarn in Uzbekistan’s textile exports have increased to 50.7 per cent. The report refers to the State Statistics Committee of Uzbekistan for data. Uzbekistan’s textile exports increased 21.2 per cent to $1.86 billion in 2020. These exports accounted for 12.3 percent of the total volume of exports last year ($15.1 billion). The main share in the exports accounted for cotton yarn (50.7 per cent) followed by finished knitwear and garments (36.3 p...

- The yet to recover apparel business and fresh lockdowns in EU and US has led to a 40 per cent increase in Bangladesh’ yarn prices, says Md Fazlul Hoque, Managing Director, Plummy Fashions. As per Textile Today, prices are expected to stabilize in coming months with an increase in production. Demand is likely to rebound on recovery from the pandemic leading to a decline in cotton stocks, says an ICRA report. However, absolute cotton stocks, as well as cotton stock-to-use ratio, are expect...

- MEG futures EG2105 contract broke 5,900yuan/mt and spot price stood around 6,400yuan/mt, leaving spot/futures spread at quite high level. With the rapid increase in MEG price, coal-based MEG cash flow also improved. After the China market returned from Chinese New Year holidays on February 18, coal chemical producers were active to run at high rate. Coal-based MEG cash flow improved despite rising coal prices. For a 200kt/year unit, the cash flow would reach around 1,700-1,750yuan/mt recentl...

After short cooling before Spring Festival, forward imported cotton yarn price surged quickly during and after Spring Festival with some varieties exceeding ...

- The biggest apparel importer USA has witnessed a dip in its apparel imports during 2020 – both value-wise and volume-wise, according to the latest data of OTEXA. US imported 2.31 billion SME of apparels in 2020 valuing the US $ 64.07 billion down by 16.37% and 23.46%, respectively. In consequence, all top apparel exporter countries saw a fall in their respective exports to the US due to the COVID-19 pandemic outbreak. As far as volume-wise import of US is concerned, China Indonesia and I...

- While much of the global apparel industry s attention is on sourcing leaders like China, Vietnam and Bangladesh, Turkey is showing that there is plenty of reason for brands to bet big on the country’s manufacturing operations this year. In 2020, Turkey s apparel exports were no slouch, totaling $17.1 billion in value, according to the Istanbul Apparel Exporters Association (IHKIB). IHKIB is the leading apparel industry association in Turkey, representing nearly 66 percent of the country ...

1. Indian and Pakistani yarn quotations fell, especially false high-priced Indian yarn which dropped dramatically Since early-Dec 2021, forward imported ...