News

European Union foreign ministers met in Brussels on the 19th to formally launch a Red Sea escort operation.   The action plan lasts for one year and can be renewed, CCTV News reported. According to the report, it will still take several weeks from the official launch to the implementation of...Read more »

China Cotton network news: For more than a week, the volatility of ICE cotton futures increased significantly, the main May contract stood at 90 cents/pound, once opened 95 cents/pound, but nearly two trading days hit the top diving, February 20 intraday low again approaching 90 cents/pound, a &#...Read more »

From late January to mid-February, ICE cotton futures started a rapid rally, with the main contract rising from around 82 cents to more than 96 cents. During this period, there were no special positive factors in the cotton market, but the fundamentals and macro side were mainly bearish news. Und...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 »

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 »

According to the latest forecast of the National Cotton Association of the United States (NCC), the planting area of long-staple cotton in the United States in 2024 is about 202,000 acres, an increase of 37.7%, using the average yield of long-staple cotton for nearly ten years, the total output o...Read more »

Attention: After the festival Zheng cotton heard the wind to make up traders to seize the market China cotton network news: ICE cotton futures continued a strong rebound momentum after the Spring Festival holiday, after the holiday, some textile enterprises opened the rhythm of cotton yarn quotat...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 »

Saiwei Times Technology Co., LTD. (hereinafter referred to as “Saiwei Times”) recently disclosed the 2023 performance forecast, the company is expected to achieve operating income of about 6.5-6.6 billion yuan during the reporting period, an increase of about 32.41% to 34.45%, and the...Read more »

Recently, according to the Wall Street Journal Chinese website reported that Nike CEO John Donahoe said in an email that the company would cut 2% of its workforce. Nike employs about 83,700 people worldwide, and estimates that the company could cut more than 1,600 jobs.   In Greater China, N...Read more »

Since mid-December, the situation in the Red Sea has continued to be tense, and many ships have begun to circumnavigate the Cape of Good Hope. Affected by this, global shipping has fallen into the concern of rising freight rates and unstable supply chains.   Due to the adjustment of capacity...Read more »

On January 20, according to media reports: At the end of the year, thousands of workers at Viet Tien (Vietcong) Joint Stock Company (HCMC) are running at full capacity, working overtime to rush fashion orders from partners in preparation for the biggest holiday of the year – the Lunar New Y...Read more »

According to Reuters on January 21, local officials said that a fire broke out in the port of Ustiluga, Russia’s commercial port on the Baltic Sea, in the early morning of the same day. Reports say the fire was caused by two explosions.   Massive explosion in Russian port The fire brok...Read more »

China Cotton network special news: On January 22, ICE cotton futures continued to strengthen, and the strong trend of the Dow Jones Industrial Average provided help for the cotton market. On Friday, all U.S. stock indexes hit new highs, and cotton has technically broken out, while the seasonal ma...Read more »

The situation in the Red Sea continues to deteriorate and tensions continue to rise. On the 18th and 19th, the US military and the Houthis continued to attack each other. A spokesman for the Houthi armed forces said on the 19th local time that the group fired several missiles at a US ship “...Read more »

Harbin tourism continues to be hot, the heat of “ice and snow economy” has also risen, and this “magnificent wealth”, thousands of miles away from Zhejiang textile enterprises, has also steadily caught. This winter, children’s ski suits, goggles and gloves produced b...Read more »

On January 11, the 9th edition of the Economic Daily reported on Hubei, and launched an article “Revitalizing traditional advantageous Industries – Hubei undertakes a survey on the transfer of coastal textile and garment Industry”. Focus on Hubei to seize the new development pat...Read more »

Entering the countdown to the Spring Festival, polyester and downstream equipment maintenance news is frequent, although the surge in overseas orders in local areas is heard, it is difficult to conceal the fact that the industry’s opening probability is declining, as the Spring Festival hol...Read more »

China Cotton network news: According to the feedback of some cotton processing enterprises in Shihezi, Kuytun, Aksu and other places, with the recent Zheng cotton CF2405 contract continuing to store power near the 15,500 yuan/ton mark, the volatility of the plate has been reduced, coupled with th...Read more »

Recently, the Jiangsu Provincial Department of Industry and Information Technology officially released the “Jiangsu Suzhou, Wuxi, Nantong high-end textile National Advanced Manufacturing Cluster Cultivation and upgrading three-year action Plan (2023-2025)” (hereinafter referred to as ...Read more »