News

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 »

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 »