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The annual global central bank meeting is about to kick off! Can Powell give the green light to the interest rate cut gamble?
This week, bond traders are at a critical juncture in their bet on the Fed’s imminent interest rate cut – Federal Reserve Chair Powell will make an important statement regarding the economic outlook. The speech delivered at the Federal Reserve Bank of Jackson Hole’s annual confe...Read more -
The upstream of the US industrial chain is facing a new round of inflationary pressure, and consumers remain concerned about the impact of tariffs.
The US tariff policy has intensified consumers’ concerns about inflation. The University of Michigan released on the 15th that the preliminary value of the University of Michigan’s consumer confidence index for August was 58.6, lower than the final value of 61.7 in July. The Universit...Read more -
The tariff policy of the United States has had a severe impact on the textile industry in Lesotho, Africa
On August 2nd local time, Mochetti Sherilay, the Minister of Trade and Industrial Development of Lesotho, an African landlocked country, said that the US tariff policy has had a severe impact on Lesotho’s textile industry, and the imposition of high tariffs is extremely unfair to a developi...Read more -
China’s foreign trade has steadily advanced in a complex environment. In the first five months, private enterprises’ imports and exports increased by 7%, raising the “new content&...
The economy has continued to recover and improve, and China’s goods trade has maintained strong resilience under external pressure. A relevant official from the Ministry of Commerce recently pointed out when interpreting the economic and trade “report card” that since the begin...Read more -
Why does the basis of cotton in Xinjiang perform so strongly?
According to the orders and quotations from some cotton trading enterprises and Xinjiang processing plants, in the first ten days of June, the basis of 3129B (fracture specific strength 28-30CN/TEX) in southern Xinjiang such as Bachu, Aksu and Korla was concentrated at 750-950 yuan per ton (bench...Read more -
The largest garment factory in Russia will be relocated to Bangladesh and Vietnam
The largest clothing manufacturer in Russia Transfer production to Bangladesh and Vietnam Recently, the Russian clothing and footwear manufacturer Gloria Jeans plans to close some of its production facilities in Russia. These measures will mainly affect the infrastructure of Rostov ...Read more -
The United States has officially cancelled the tariff exemption for Chinese parcels under $800!
The US Chinese Network reported that on Friday, the White House officially ended the “minimum limit” tariff exemption for Chinese imports worth less than $800, marking a crucial step for the Trump administration in trade policy. This adjustment restores the executive order signed by P...Read more -
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 -
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 -
One picture helps you understand the current tariff levels of cotton-related products after the China-Us talks
On May 12, 2025, according to the joint statement of the China-Us Geneva Economic and Trade Talks, both China and the United States committed to lowering the mutual tariff rates. At the same time, China and the United States reduced the retaliatory tariffs imposed after April 2 by 91%. The...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 -
Under multiple pressures, China’s cotton consumption continues to look low
According to the notarial inspection data of cotton quality in China, as of April 9, 2025, the total public inspection of cotton in 2024/25 in China was 6.786 million tons (of which the total public inspection of cotton in Xinjiang cotton region was 6.6671 million tons). Considering that since ea...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