News

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 »

Japan’s three major shipping companies stopped all their vessels from crossing the waters of the Red Sea     According to the “Japanese Economic News” reported that as of the 16th local time, ONE- Japan’s three major domestic shipping companies – Japan Mail...Read more »

According to the latest data released by the General Administration of Customs on January 12, in dollar terms, textile and garment exports in December were 25.27 billion US dollars, which turned positive again after 7 months of positive growth, with an increase of 2.6% and a month-on-month increa...Read more »

Last Monday, the wave of orders at the end of the year came to the busy boss of the weaving factory, of course, with the improvement of the market, the increase of orders at the same time, the price must not be less, this does not have a textile boss revealed…   “228 Tasilong sol...Read more »

As the situation in the Red Sea heats up, more container ships are bypassing the Red Sea-Suez Canal route to bypass the Cape of Good Hope, and freight rates for Asia-Europe and Asia-Mediterranean trade have quadrupled.   Shippers are rushing to place orders in advance to mitigate the impact ...Read more »

“With the production of more than 30 new units in the polyester market in 2023, competition for polyester varieties is expected to intensify in the first half of 2024, and processing fees will be low.” For polyester bottle flakes, DTY and other varieties that are put into production m...Read more »

According to the Shanghai Shipping Exchange news, driven by the rise in freight rates on European and American routes, the composite index continued to rise.   On January 12, the Shanghai export container comprehensive freight index released by the Shanghai Shipping Exchange was 2206.03 poin...Read more »

In the first week of the New Year (January 2-5), the international cotton market failed to achieve a good start, the US dollar index rebounded strongly and continued to run at the high level after the rebound, the US stock market fell from the previous high, the influence of the external market o...Read more »

China Cotton network news: According to the feedback of several cotton spinning enterprises in Anhui, Shandong and other places, with the overall increase in the factory price of cotton yarn since the end of December by 300-400 yuan/ton (since the end of November, the price of conventional comb y...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 »