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NEWS
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News and Events

  • The logic and thinking in the rise of PTA Core Spun yarn producer

    2018-08-02

    PTA market showed bullish trend with the push of funds recently.As for the logic of the rise of PTA, in fact, if you look at the upstream and downstream, it is really reasonable. First, crude oil fell, but the decline was not deep and may keep firm with the possibility of the block of the Strait of Read More

  • Pakistan allows withdrawal of duties on imported cotton

    2020-01-14

    Under the chairmanship of Adviser to Prime Minister on Finance Abdul Hafeez Shaikh, the Economic Coordination Committee (ECC) on Monday decided to withdraw 3pc regulatory duty, 2pc additional customs duty and 5pc sales tax on imported cotton from January 15, 2020.The decision was taken in the light Read More

  • Raw wool trade soars with high CAGR of 7.55%

    2020-01-14

    The global trade value of wool (not carded or combed) has been consistently escalating with high CAGR of 7.55 per cent from 2015 to 2018, according to data from TexPro. The global trade of wool was $8,139.53 million in 2016, which increased to $9,726.59 million in 2018. The total trade of wool has r Read More

  • Bank reserves lowered to boost economy

    2020-01-14

    China's central bank decided on Wednesday to inject more than 800 billion yuan ($115 billion) into the financial sector by reducing the amount of cash financial institutions must keep in reserve. The move is designed to maintain "reasonably ample" liquidity and lower financing costs for the real eco Read More

  • PTA market is facing greater pressure from supply surplus

    2020-01-14

    Imports and exportsAccording to Customs statistics, from January to November 2019, domestic PTA (including QTA) imports were around 979,000 tons, exports were around 631,000 tons, and net exports were around 350,000 tons, an increase from last year. The main reason is that due to the obvious price a Read More

  • the PTA spot market gradually transitioned from tight to loose in December

    2020-01-14

    InventoryDue to high profits, PTA supply has increased significantly and the inventory continued to rise (expected to be around 700,000 tons), a historical median level. However, due to the increase in polyester demand, from the perspective of inventory consumption ratio, inventory of 12-13 days is Read More

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