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  • Contradiction focus: High cash flow and inventory of PFY Core Spun Denim Yarn

    2018-10-25

    Polyester melting cost ended falling and consolidated during the National Day holiday supported by high crude oil price and the expectation of peak season. WTI declined to $69.12/bbl from $76.41/bbl in Oct, down by 9.54%, and is expected to reduce further.Polyester melting cost stepped into downtren Read More

  • US polyester yarn makers allege dumping from China, India

    2018-10-25

    Two major US synthetic yarn producers—Unifi Manufacturing, Inc (Unifi) and Nan Ya Plastics Corporation, America (Nan Ya)—have filed petitions alleging that dumped and subsidised imports of polyester textured yarn from China and India are causing material injury to the domestic industry. The petition Read More

  • China to approve foreign players to PTA futures trading

    2018-09-27

    It was learned from the regular press conference of the China Securities Regulatory Commission on September 21 that PTA futures in Zhengzhou Commodity Exchange has been approved as a special product to be introduced into overseas traders.Purified terephthalic acid (PTA), a chemical compound, is a pr Read More

  • High seed cotton prices and ginning costs in early 2018/19

    2018-09-14

    In Sep, new crop year has kicked off in China. By Sep 7, seed cotton has started to be harvested in most cotton growing areas of inland, and some new cotton has been transacted. In Turpan of Xinjiang, new seed cotton also starts to be picked and transacted. Modest quantity of new cotton has arrived Read More

  • PSF plants make up mind to keep cost amid surging feedstock

    2018-08-22

    rice of direct-spun PSF soared since end-Jul underpinned by polyester feedstock, mainly PTA. The quick rise of polyester feedstock weighs on cash flow of PSF plants and makes them face losses. To keep breakeven, PSF plants are forced to raise offers.This round of rise is irrational and rare in tradi Read More

  • PET bottle chip price forced up amid substantially squeezing margin

    2018-08-02

    PET bottle chip lacked up momentum recently, despite rapidly hiking polyester feedstock. As a result, cash flow squeezed substantially.In terms of cost side, some PET bottle chip orders may face certain losses. According to CCFGroup statistics, spread between water bottle chip and polyester feedstoc Read More

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