News

The Suez and Panama Canals, two of the world’s most important shipping arteries, have issued new rules. How will the new rules affect shipping? Panama Canal to increase daily traffic On the 11th local time, the Panama Canal Authority announced that it will adjust the daily number of vessel...Read more »

Chinese textile company Shanghai Jingqingrong Garment Co LTD will open its first overseas factory in Catalonia, Spain. It is reported that the company will invest 3 million euros in the project and create about 30 jobs. The Government of Catalonia will support the project through ACCIO-Catalonia ...Read more »

Although the Spring Festival holiday Chinese enterprises signed a significant slowdown in cargo/bonded cotton, USDA Outlook Forum forecast 2024 US cotton planting area and production increased significantly, February 2 to February 8 2023/24 US cotton swab export volume continued to decline sharpl...Read more »

Not long ago, a set of data released by South Korea’s statistical department caused wide concern: in 2023, South Korea’s imports from China’s cross-border e-commerce surged by 121.2% year-on-year. For the first time, China has surpassed the United States to become the largest so...Read more »

Since late February, ICE cotton futures have experienced a wave of “roller coaster” market, the main May contract soared from 90.84 cents/pound to the highest intraday level of 103.80 cents/pound, a new high since September 2, 2022, in recent trading days and opened a diving pattern, ...Read more »

Rihe Junmei Co., LTD. (hereinafter referred to as “Junmei Shares”) released a performance notice on January 26, the company expects that the net profit attributable to shareholders of listed companies during the reporting period is 81.21 million yuan to 90.45 million yuan, down 46% to...Read more »

At the end of 2023, the trend of container freight rates staged a thrilling reversal. From the downturn in demand and weak freight rates at the beginning of the year, to the news that routes and airlines have been losing money, the entire market seems to be in a downturn. However, since December,...Read more »

Following the end of a 27-year partnership with US sportswear giant Nike on January 8, Tiger Woods, then 48 years old, and US Golf equipment company TaylorMade Golf reached a partnership. The new golf fashion brand Sun Day Red was launched. Tiger Woods first partnered with TaylorMade in 2017 and ...Read more »

Maersk CEO Vincent Clerc unexpectedly announced his interest in acquiring German freight forwarder DB Schenker, saying, “It’s not necessarily the most likely outcome, but it’s something we need to look into.”   The news caused widespread concern in the industry, as Ma...Read more »

China Cotton Network special news: According to the survey results released by the National Cotton Council (NCC) on February 18, the United States intends to plant cotton in 2024, 9.8 million acres, a decrease of 3.7%.   Specifically, in 2024, the area of upland cotton planting in the United...Read more »

Recently, Alibaba Group released its financial results for the third quarter of fiscal year 2024 ending December 31, 2023. On the earnings call, Alibaba responded positively to rumors of a sale of its traditional brick-and-mortar retail business – considering a slow exit.   Tsai Chong...Read more »

Since late February, ICE cotton futures have experienced a wave of “roller coaster” market, the main May contract soared from 90.84 cents/pound to the highest intraday level of 103.80 cents/pound, a new high since September 2, 2022, in recent trading days and opened a diving pattern, ...Read more »

On February 20, lululemon partnered with Australian environmental technology startup Samsara Eco to launch the world’s first enzymatically recycled nylon 6,6 product, marking a major milestone in textile-to-textile recycling and lululemon’s work to create a circular ecosystem. lululem...Read more »

Since the Houthis began their attacks in the Red Sea, war insurance premiums have surged by a staggering 900 per cent. This shocking statistic comes from a report released on the 26th by the United Nations Conference on Trade and Development (UNCTAD).   According to reliable sources, war ris...Read more »

Pampala, Secretary of State of the Ministry of Finance and Economy, pointed out that the substantial growth of Cambodia’s non-garment industry in recent years is a new achievement of the economic diversification policy implemented by the Royal Government of Cambodia.   State Secretary ...Read more »

After Levi’s (Levi’s), another clothing and footwear giant announced layoffs. Nike (NKE) CEO John Donahoe told employees in a company-wide email that the company is laying off 2% of its workforce and doesn’t expect the layoffs to affect store workers, distribution center workers...Read more »

Export to Russia Attention! Since February, many banks have strengthened the audit of Russia-related business!   US President Joe Biden signed an executive order at the end of December 2023 to impose “secondary sanctions” on financial institutions around the world that support Ru...Read more »

Recently, the Federal Government of India has completely waived tariffs on imports of ultra-long staple cotton, according to the notice, reducing the import tax on “cotton, not coarsely carded or combed, and the fixed length of the fiber exceeds 32 mm” to zero. A senior executive of a...Read more »

During the Spring Festival, international crude oil is strong and volatile, and there is good support at the cost end, boosting the market atmosphere, and the quotation of polyester filament factory rose slightly after the festival, and the quotation increased by about 100-200 yuan/ton, and the c...Read more »

At the beginning of 2024, Vietnam Apache Shoes Co., LTD. (Longjiang Industrial Park) has a full year of orders. Company leaders and workers are very excited.     In 2023, clothing and footwear companies will face many difficulties due to insufficient orders, forcing them to lay off wor...Read more »