According to AGM, by Nov 30, 2021, the arrivals of seed cotton in India totaled 1.076 million tons, up 50.7% from the corresponding period of last season, but down 14.7% from the six-year average. Viewed from the daily arrivals, the data has shown weakness. Read More
China's central bank said Monday it has decided to cut the reserve requirement ratio (RRR) for financial institutions to support the development of the real economy and reduce the comprehensive financing cost.The ratio will be cut by 0.5 percentage points, effective on Dec. 15, except for those fina Read More
Overall, we believe such market pattern may continue for some time. On one hand, there is indeed a gap in spot supply, and the procurement of large downstream manufacturers will not slow down; on the other hand, overseas PET plants have not yet fully resumed, and it still takes time to digest the ex Read More
At present, the trading atmosphere in the market is actually polarized. On the one hand is the procurement competition between the downstream large buyers, and on the other is the downstream small and medium-sized customers shouting at a loss. Many sheet customers turn to purchase PET leftover mater Read More
Besides, heat in export market doesn't cool. Sep-Oct export order intake has reached 400kt. Though the figure retreats modestly in Nov, it also hit 300kt. That means Sep-Nov exports totals 1.1 million tons. Considering the unstable shipping schedule, we take Aug-Nov volume as a reference range, whic Read More
So far, price spread between spot and forward goods is at 800yuan/mt to the biggest. On one side, PET bottle chip factory stock level continuously declines, and players need to queue to pick up goods. Spot value is at parity with factory prices. On the other side, processing spread for forward goods Read More
