The Canton Trade Fair
Source of picture: Blawg.lehman.com
This interesting article from Bloomberg says that while petrochemical output in China rose in August, textile production actually contracted.
We don’t as yet have any breakdown for specific petrochemicals.
If the overall increase includes higher aromatics-to-synthetic fibres output then the gamble that the chain has taken on improved sales of textiles and garments will have so far failed to pay off.
As we discussed earlier on this blog, there is evidence of higher output down the entire synthetic fibres chain.
A key measure of improvement in exports to the West of textiles and garments will be the next Canton Trade Fair which takes place in October-November.