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Can the rebound in cotton prices continue as the market environment improves?
In the second week of March, under the influence of macro and fundamental factors, ICE cotton futures rebounded continuously. From the demand side, the US government’s foreign tariffs have brought more uncertainty to the US economy, leading to a decline in the US dollar index, which ...Read more -
Russian and American officials are about to negotiate! Oil to fall to $60? What is the impact on the textile market?
As a raw material for polyester production, the price fluctuation of crude oil directly determines the cost of polyester. In the past three years, geopolitical conflicts have become one of the most important factors affecting international oil prices. Recently, the situation of the Russia-Ukraine...Read more -
Russian and American officials are about to negotiate! Oil to fall to $60? What is the impact on the textile market?
As a raw material for polyester production, the price fluctuation of crude oil directly determines the cost of polyester. In the past three years, geopolitical conflicts have become one of the most important factors affecting international oil prices. Recently, the situation of the Russia-Ukraine...Read more -
Russian and American officials are about to negotiate! Oil to fall to $60? What is the impact on the textile market?
As a raw material for polyester production, the price fluctuation of crude oil directly determines the cost of polyester. In the past three years, geopolitical conflicts have become one of the most important factors affecting international oil prices. Recently, the situation of the Russia-Ukraine...Read more -
Sea freight or will drop by 60%? Hold on, weaver! Not necessarily a bad thing
In 2024, due to the Red Sea crisis, the shipping costs of textile exports are likely to double. However, with the gradual easing of the Palestinian-Israeli situation, there is a clear downward trend in shipping costs in 2025. The latest Shanghai export Container Freight Index (SCFI) fell 148.8 p...Read more -
Xinjiang’s cotton output accounts for more than 90% of the country, and there is a lot to be done to consolidate the foundation of the textile industry
Data released by the National Bureau of Statistics show that the total cotton output in 2024 is 6.164 million tons, an increase of 546,000 tons over 2023, an increase of 9.7%. Among them, Xinjiang cotton output of 5.686 million tons, an increase of 574,000 tons over 2023, an increase of 11.23 per...Read more -
Watch: India’s cotton import growth in 2024 is far ahead of the previous year
According to customs statistics, in 2024, China imported a total of 2.61 million tons of cotton, an increase of 33.8%, of which Brazil cotton is the largest import source country, accounting for 42%; The United States came in second with 33 percent. Australia ranked third with 18 per cent, follow...Read more -
The dark horse of the fabric world! Why is double crepe so popular?
In the current fashion market, consumers are increasingly picky about the choice of fabrics, they pursue not only the appearance of fashion and beauty, but also pay more attention to the comfort, practicality and environmental protection of fabrics. It is against this market background that we re...Read more -
Russia’s largest garment factories will move to Bangladesh and Vietnam
Russia’s largest clothing manufacturer Shift production to Bangladesh and Vietnam Gloria Jeans, a Russian clothing and footwear manufacturer, plans to close some of its production facilities in Russia. These measures will mainly affect the infrastructure of Rostov Oblast. A se...Read more -
Cotton prices keep falling. What’s the matter?
Today, Zheng cotton main continued last week’s decline, hitting a minimum of 13,530 yuan/ton, a new low in three months. New cotton processing continues to be at a high level, and has now exceeded 5.2 million tons, while the downstream pre-replenment is expected to fall, superimposed tariff...Read more -
Is the textile industry about to face greater challenges? Global supply chains are increasingly influenced by regional and international political dynamics!
Recently, Trump’s remarks were like a bombshell, arousing widespread concern in the international community. He has threatened to impose 10 per cent tariffs on BRICS countries if they try to displace the US dollar’s global dominance. This kind of direct threat is not common in interna...Read more -
Textile and garment industry in Bangladesh: Challenges, opportunities and the path to transformation
Bangladesh’s textile and Garment industry: Challenges, opportunities and transformation Bangladesh, a country located in the eastern part of the South Asian subcontinent, occupies a pivotal position in the global supply chain with its strong textile and garment manufacturing industry. The t...Read more -
The South American textile market became the second Southeast Asian, starting from this port
Since the dust settled after the US election, export tariffs are one of the most concerned issues for many textile people. According to Bloomberg News, members of the new US President’s team recently said in a telephone interview that they would impose the same tariffs as China on any goods...Read more -
Net comment: The macro situation is unfavorable USDA or continue to reduce cotton consumption
With the 2024/25 cotton harvest in China and the United States, the two major cotton producing regions in the Northern Hemisphere, coming to an end, coupled with the 2023/24 cotton processing in Australia and Brazil, the global cotton production and supply pattern of this year is gradually clear,...Read more -
Will many textile factories move from China to Indonesia? What should we pay attention to when building a factory in Indonesia?
Recently, Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto revealed at a press conference that 15 overseas textile investors plan to relocate their factories from China to Indonesia to promote the development of this labor-intensive industry. He said that the reason...Read more -
The exchange rate of RMB against the US dollar suddenly soared! What happened?
On the afternoon of July 25, the RMB exchange rate against the US dollar rebounded significantly. As of press time, the offshore yuan rose more than 600 points to 7.2097 against the dollar during the day, and the onshore yuan rose more than 500 points to 7.2144. According to the Shanghai Securit...Read more -
International observation: At the end of the year, China’s cotton imports are insufficient
According to customs statistics, as of June, 2023/24 (2023.9-2024.6) China’s cumulative import of cotton nearly 2.9 million tons, an increase of more than 155%; Among them, from January to April 2024, China imported 1,798,700 tons of cotton, an increase of 213.1%. Some agencies, internation...Read more -
Behind the imposition of tariffs in Indonesia, a large number of textile industry closures, 13,800 people lost their jobs
Last week, some overseas media reported that as Indonesia’s textile industry failed to compete with low-priced imports, textile factories were closing down and laying off workers. For this reason, the Indonesian government announced plans to impose tariffs on imported textiles to protect th...Read more -
Imported cotton: the US dollar resource base difference is strong, and the cotton price inside and outside is hanging and expanding
According to the feedback of some cotton trading enterprises in Zhangjiagang, Qingdao and other places, driven by the bottom rebound of ICE cotton futures since May 15 and the recent thunderstorms in the southwest cotton region and the Southeast cotton region of the United States, the sowing work...Read more -
Burst! Mexico imposes temporary tariffs on 544 items, up to 50%! With immediate effect
On April 22, local time, Mexican President Lopez Obrador signed a decree imposing temporary import duties of 5% to 50% on 544 goods such as steel, aluminum, textiles, clothing, footwear, wood, plastics and their products. The decree came into effect on April 23 and is valid for two years. ...Read more
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