News

450 million! The new factory is ready to start   On the morning of December 20, Vietnam Nam Ho Company held a factory inauguration ceremony in Nam Ho Industrial Cluster, Dong Ho Commune, Deling District.   Vietnam Nanhe company belongs to Nike main factory Taiwan Fengtai Group. This is ...Read more »

The leader of the Houthi armed forces has issued a stern warning against the claim by the United States that it is forming a so-called “Red Sea escort coalition”. They said that if the United States launched a military operation against the Houthis, they would launch attacks on Americ...Read more »

December 19th – December 25th   First, the domestic market   (1) Wuxi and surrounding areas   The recent market demand has improved slightly, some orders have been implemented, and the cloth factory orders have improved slightly, which has promoted the recovery of the cloth ...Read more »

Recently, transaction data compiled by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) showed that the yuan’s share of international payments rose to 4.6 percent in November 2023 from 3.6 percent in October, a record high for the yuan. In November, the renminbi’...Read more »

Recently, downstream users concentrated cover positions, polyester filament enterprises inventory pressure to slow down, and the current cash flow of some models is still a loss, the company is willing to support the market is strong, the market trading atmosphere at the beginning of the week is ...Read more »

At the end of the year, many garment factories are facing a shortage of orders, but recently many owners say their business is booming. The owner of a garment factory in Ningbo said that the foreign trade market has recovered, and his factory works overtime until 10 p.m. every day, and the worker...Read more »

Recently, the second phase of Hainan Yisheng Petrochemical project with a total investment of 8 billion yuan has been completed and entered the trial operation stage.     The total investment of the second phase of Hainan Yishheng Petrochemical project is about 8 billion yuan, includin...Read more »

Since mid-November, the Houthis have been carrying out attacks on “vessels linked to Israel” in the Red Sea. At least 13 container liner companies have announced that they will suspend navigation in the Red Sea and nearby waters or circumnavigate the Cape of Good Hope. It is estimated...Read more »

According to the analysis of the authoritative industry body, the latest situation reported by the U.S. Department of Agriculture in December reflects continued weak demand across the supply chain, and the global supply and demand gap has narrowed to only 811,000 bales (112.9 million bales produc...Read more »

The end of the year and the beginning of the year are the prone and high occurrence periods of accidents. Recently, accidents across the country have continued, but also sounded the alarm for safety production. In order to continue to press the main responsibility of the safety production of the ...Read more »

China cotton network special news: In the week (December 11-15), the most important news in the market is that the Federal Reserve announced that it will continue to suspend interest rate hikes, because the market has reflected it in advance, after the news was announced, the commodity market did...Read more »

Recently, many textile, garment and shoe enterprises in Ho Chi Minh City need to recruit a large number of workers at the end of the year, and one unit has recruited 8,000 workers.   The factory employs 8,000 people   On December 14, the Ho Chi Minh City Federation of Labor said that th...Read more »

Recently, Inditex Group, the parent company of Zara, released the first three quarterly report of the fiscal year 2023. image.png For the nine months ended Oct. 31, Inditex’s sales rose 11.1% from a year earlier to 25.6 billion euros, or 14.9% at constant exchange rates. Gross profit increa...Read more »

On December 9, according to media reports: In a rolling round of layoffs, Nike sent an email to employees on Wednesday announcing a series of promotions and some organizational changes. It made no mention of job cuts. Layoffs have hit many parts of the sportswear giant in recent weeks. Nike has ...Read more »

While other domestic commodities are weak, cotton futures have “outperformed” and started to rise since late March. Specifically, after the end of March, the price of cotton futures main contract 2309 rose steadily, the cumulative increase of more than 10%, the highest intraday hit 15...Read more »

【 Cotton Information 】 1. On April 20, the quotation of China’s main port fell slightly. International cotton price index (SM) 98.40 cents/lb, down 0.85 cents/lb, reduced the general trade port delivery price of 16,602 yuan/ton (based on 1% tariff, exchange rate based on the central price...Read more »

Recently, Cao Dewang accepted the interview of “Jun product Talk” program, when talking about the reason for the sharp decline in foreign trade orders, he believes that it is not the US government to withdraw your order, but the market to withdraw the order, is the market behavior. pi...Read more »

China’s manufacturing PMI eased slightly to 51.9 per cent in March The purchasing managers’ index (PMI) for the manufacturing sector was 51.9 percent in March, down 0.7 percentage points from the previous month and above the critical point, indicating that the manufacturing sector is ...Read more »

Red flag, textile exports down 22.4%!   According to the General Administration of Customs, the export of textile and clothing in January and February was 40.84 billion US dollars, down 18.6% year on year, among which the export of textile was 19.16 billion US dollars, down 22.4% year on yea...Read more »

【 Cotton Information 】  1. According to the China Cotton Quality Notary and Inspection Network, as of April 2, 2023, Xinjiang has been inspecting 6,064,200 tons of 2020/23 lint. In 2022/23, the number of cotton inspection enterprises in Xinjiang reached 973, while in 2019/20, 2020/21 and 2021/2...Read more »