Tag Archives | cotton prices

China PTA Imports Halve As Exports Surge

By John Richardson

CHINA’S purified terepthalic acid (PTA) imports fell to just 751,000 tonnes in the first half of this year compared with 1.56m tonnes in H1 2013. Meanwhile, exports increased to 232,000 tonnes from  only 27,000 tonnes.

The sad …

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China MEG: Understanding A Doubling Of Inventories

By John Richardson

THE chart above shows how mono-ethylene glycol (MEG) coastal inventory levels in China have more than doubled since 2010. One explanation might be that the substantial increase in MEG demand since 2010 means that inventories, as a …

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Please Be Careful Out There

By John Richardson

Quite often, a chart is worth many thousands of words. The above chart, from Bloomberg, shows the divergence between the soaring S&P 500 index and US macro-economic indicators.

The theory is that soaring equity values will be …

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Polyester Another Victim Of Hype

By John Richardson

SEVERAL major petrochemical companies only have one scenario for China, which is that its economy will continue to grow at a rapid rate, the blog has been told by people working for these companies.

Similarly, as fellow blogger …

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Cotton In Uncharted Territory

 

 

By John Richardson

POLYESTER producers, and their raw-material suppliers, enjoyed a huge boost to their profitability between October 2008 and March 2011 when cotton prices increased by 468 percent from 40 cents/lb to $2.27/lb.

This led to polyester …

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China Synthetic Fibres Fall Further

By John Richardson

CHINA’S synthetic fibres chain continues to show serious signs of distress as a result of weak domestic and export demand, according to my ICIS colleagues, Judith Wang and Becky Zhang.

Traders in monoethylene glycol (MEG) must have believed …

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China Polyester Chain Weakens

By Malini Hariharan

The polyester chain is feeling the strain of poor Chinese demand.

Weak export demand and Chinese government policy are also impacting this sector, as is the case in polyolefins.

A further factor behind the problems in the polyester …

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Cotton Support For Fibre Intermediates Declines

By John Richardson

RISING cotton prices might well have been the single-biggest factor on the strength in the synthetic textiles chain for the last year.

Other major factors have obviously been the surge in crude and supply constraints in both …

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Broad Commodities Sell-off Beckons

By John Richardson

THE blog remains extremely worried that there is about to be a major sell-off of commodities in general, including petrochemicals, as conditions right now feel very similar to those in 2008.

Whether we will face a systemic …

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Chinese MEG Demand Up By 2m tonnes This Year

By Malini Hariharan

Global monoethylene glycol (MEG) markets are likely to remain robust in 2011, supported by strong demand from China and a lack of new capacity additions, a top executive from MEGlobal told the blog at the 5th Gulf …

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