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Pandemic control helps Southeast Asia regain textile and apparel orders

- Southeast Asian countries lost quite a few textile orders last year due to the pandemic. However now, as the pandemic situation in these countries is controlled, orders are again flowing back. As per Vietnam’s Ministry of Industry and Commerce statistics, there has been a 1.1 per cent increase in textile exports in the first quarter of 2021. Fiber and yarn exports grew 31 per cent while exports of canvas and industrial fabrics grew 8.8 per cent. In 2021, Vietnam aims to increase its text...
Republic Of Vietnam Ministry Of Industry European Union Pakistan Bureau Of Statistics Southeast Asian Pakistan Bureau

Taekwang Industrial to shut its ACN unit in Q1, 2022

- South Koreas Taekwang Industrial is planning to shut its 290,000 mt/year acrylonitrile plant at Ulsan for a planned turnaround in the first quarter of 2022. The company had earlier shut the plant in early December 2020 for 23 days of planned turnaround. [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 inv...
South Korea Taekwang Industrial தெற்கு கொரியா

Bangladesh's apparel export value soared 571.8% year-on-year in Apr

- According to the latest data, Bangladeshs apparel export value rose by 571.8% year-on-year in Apr, reaching 2.517 billion USD, up 2.5% month-on-month. The substantial yearly growth was mainly due to the outbreak of the overseas epidemic in April 2020, which caused lockdown and severe exports blocked. Compared with April 2019, the apparel export value dropped by 0.88%. On varieties front, the export value of knitted and woven apparel inched up by 2.2% and 2.9% month-on-month respectively, up 6...

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Xinhang Energy MEG plant status

- 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 ...
Mongolia Xinhang Energy Inner Mongolia Xinhang Energy

Malaysia terminates anti-dumping probe on PET imports from China and others

- 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 ...
Republic Of South Korea Ministry Of International International Trade Polyethylene Terephthalate Intrinsic Viscosity

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