• Ocean freight will continue to rise in December
    Ocean freight will continue to rise in December Dec 03, 2021
    Operating rate: Industry 1st DEC 2nd DEC Variety PTA 74.73% 73.71% -1.02% Polyester 83.25% 80.80% -2.45% PX 74.04% 71.19% -2.85% Weaving 60.65% 58.93% -1.72% Raw material price increase: Raw material 1st DEC 2nd DEC Ups and downs WTI 65.57 66.50 +0.93 CFR Taiwan PX 815.00 803.00 -12.00 PTA 4410 4388 -22 MEG 4935 4935 0 SD Chips 6050 6050 -25 POY150D/48F 7200 7200 0 FDY150D/96F 7350 7350 0 DTY150D/48F 8800 8800 0 Hot events: 1. WTI January crude oil futures closed up 1.42% to 66.50 US dollars per barrel. 2. The draft OPEC+ Communiqué shows an increase in production by 400,000 barrels per day in January. If the market changes, OPEC+ may adjust its production increase plan. 3. The crude oil output of OPEC member countries increased by 350,000 barrels per day in November, which exceeded the limit. 4. According to data from Shanghai International Energy Exchange Center, the cumulative trading volume of my country's crude oil futures from January to November 2021 was 37,695,100 lots, with a cumulative trading volume of 1,619,259 million yuan, and trading was running smoothly. 5. As space will continue to tighten, many freight forwarding companies predict that ocean freight rates will continue to rise in December. At the same time, due to the shortage of space, European and American routes have recently been suspended on a large scale.
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  • The oversupply of oil in the global market may reach 2.3 million barrels per day in January next year.The variety of SD Chips、POY150D/48F
    The oversupply of oil in the global market may reach 2.3 million barrels per day in January next year.The variety of SD Chips、POY150D/48F Nov 25, 2021
    Operating rate: Industry 23th NOV 24th NOV Variety PTA 78.16% 78.16% 0.00% Polyester 87.32% 87.32% 0.00% PX 74.81% 74.81% 0.00% Weaving 62.13% 62.13% 0.00% Raw material price increase: Raw material 23th NOV 24th NOV Ups and downs WTI 78.50 78.39 -0.11 CFR Taiwan PX 886.00 901.00 +15.00 PTA 4749 4810 +61 MEG 5224 5289 +65 SD Chips 6325 6350 +25 POY150D/48F 7200 7450 +250 FDY150D/96F 7400 7450 +50 DTY150D/48F 8950 9000 +50 Hot events: 1. WTI December crude oil futures closed down 0.14% to 78.39 US dollars per barrel; Brent January crude oil futures closed down 0.07% to 82.25 US dollars per barrel. 2. Petrobras: It is estimated that in 2022, oil production will drop from 2.3 million barrels per day to 2.1 million barrels per day. 3. OPEC said that the oversupply of oil may reach 2.3 million barrels per day in January next year and 3.7 million barrels per day in February. 4. Ministry of Finance: From January to October, the total operating income of state-owned enterprises was 60386 trillion yuan, a year-on-year increase of 22.1%. 5. The Ministry of Foreign Affairs urges the U.S. to immediately stop upgrading the substantive relations between the United States and Taiwan, stop any form of official exchanges and contacts with Taiwan, and stop sending any wrong signals to the "Taiwan independence" forces.
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  • Oil prices plummet to a six-week low, the variety of polyester FDY150D/96F  DTY150D/48F
    Oil prices plummet to a six-week low, the variety of polyester FDY150D/96F DTY150D/48F Nov 18, 2021
    Operating rate: Industry 16th NOV 17th NOV Variety PTA 78.16% 78.16% 0.00% Polyester 86.45% 86.26% -0.19% PX 65.8% 65.8% 0.00% Weaving 61.99% 61.99% 0.00% Raw material price increase: Raw material 16th NOV 17th NOV Ups and downs WTI 80.76 78.36 -2.40 CFR Taiwan PX 921.00 919.00 -2.00 PTA 4912 4902 -10 MEG 5238 5165 -73 SD Chips 6450 6450 0 POY150D/48F 7700 7700 0 FDY150D/96F 7925 7925 0 DTY150D/48F 9375 9375 0 Hot events: 1. WTI crude oil futures closed down 2.97% to $78.36 per barrel, the lowest level since October 7; Brent's January crude oil futures closed down 2.61% to $80.28 per barrel. 2. The United States needs to release 20-30 million barrels of crude oil reserves to show insufficient demand. 3. The onshore renminbi against the US dollar closed at 16:30 yesterday, closing at 6.3817, down 0.0737%, and the central parity of the renminbi reported 6.3935, down 0.0172%.
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  • Urgent!  The environment production stop wave may strike again...Runteks polyester filament /staple fiberchips are still in stable production
    Urgent! The environment production stop wave may strike again...Runteks polyester filament /staple fiberchips are still in stable production Nov 16, 2021
    Market summary Device dynamics: Due to a surprise attack on environmental protection factors, the Xiamen polyester plant ushered in a wave of shutdowns! 1. Due to environmental protection requirements, two sets of polyester plants with a supply of 380,000 tons of a factory in Xiamen temporarily shut down, involving products polyester filament, polyester staple fiber and chips. The restart time is yet to be determined. 2. Due to environmental protection factors, the polyester bottle flake device with an annual output of 240,000 tons in East China No. 1 Plant will be shut down for maintenance yesterday afternoon, and the restart time is yet to be determined. Our company: Runteks polyester filament(RECYCLED FDY SD DDB100D/36F /RECYCLED CD DTY 150D/48F), polyester staple fiber(HCS 3Dx32MM/HCS 7Dx64MM/7D/15Dx32MM/64SHA) and chips are still in stable production and hot sales.For details, please check our relevant pages. Macro overview: Although the production and sales data improved during the promotion, the overall trend was unequal. The price of polyester filament rose and fell each other yesterday, and the overall performance of the production and sales data was mediocre. In addition, ethylene glycol fell sharply in the night market, and today polyester filament yarns show a steady but weak trend. Hot events: 1. Once the United States lifts tariffs, textile exports are bound to rise! According to the customs export data in September, the monthly export value of textiles and clothing to the United States has reached the highest level in 5 years. According to the data of the 11th category of customs exports, the domestic export value in September exceeded US$5.5 billion, +4.11% year-on-year , Accounting for 19% of the total domestic textile exports, basically the same as the same period last year. 2. Five provinces and 17 cities issued "stop work orders"! Many companies have suspended production restrictions, and the lifting time is yet to be determined!
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  • Runteks Busy Business Post-Exhibition
    Runteks Busy Business Post-Exhibition Mar 18, 2024
    Due to the overwhelming popularity of the products we showcased at the exhibition, our order volume has surged significantly. Consequently, I would like to remind everyone that our production line is currently operating at full capacity. There are large quantities of orders to process and ship every day. To ensure that we meet delivery deadlines and fulfill customer demands, if you have any inquires or purchase plan recently, welcome send to us in advance! (Loading Pictures) If you have already placed an order, please pay close attention to the production progress. If you have any questions, we will respond to you in time. Thank you again for your support during the exhibition, and hope we can work together in 2024!
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  • Celebrating the Successful Conclusion of the 2024 Shanghai Yarn Expo
    Celebrating the Successful Conclusion of the 2024 Shanghai Yarn Expo Mar 12, 2024
    Amidst the vibrant atmosphere of the 2024 Shanghai Yarn Expo, we are thrilled to announce the fruitful culmination of yet another successful event. As the curtains draw to a close on this esteemed gathering, we reflect on the multitude of enriching conversations and promising connections made over the course of the expo. This year's expo served as a pivotal platform for us to engage with numerous clients and partners, fostering meaningful discussions that spanned both past achievements and future endeavors. It was a delight to engage in face-to-face interactions, deepening our relationships and reaffirming our commitment to collaboration and mutual growth. As we conversed with our esteemed clients and partners, we were filled with a profound sense of gratitude for the trust they have placed in us. Their unwavering support and dedication have been instrumental in propelling our business forward, and we are immensely thankful for the opportunity to work alongside such esteemed collaborators. Looking ahead, we are excited to embark on new ventures and explore fresh opportunities that lie on the horizon. Our commitment to innovation and excellence remains steadfast, and we are eager to continue our journey towards success with our valued partners by our side. In the spirit of fostering international partnerships and expanding our global footprint, we eagerly anticipate the upcoming exhibitions in South Korea during the latter half of the year. These events present yet another chance for us to connect with our partners, both old and new, and to further strengthen our presence in the international market. As we bid farewell to the 2024 Shanghai Yarn Expo, we extend our heartfelt appreciation to all who contributed to its success. Together, we have created an environment ripe with opportunity and brimming with potential, setting the stage for a future filled with prosperity and growth. Here's to the bonds forged, the insights gained, and the memories made. Until we meet again at the next exhibition, let us continue to strive for excellence and forge ahead on our path towards success.
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  • Runteks Resumption Notification and Latest Price Trends
    Runteks Resumption Notification and Latest Price Trends Feb 26, 2024
    Thank you for your continued support and trust. We are pleased to announce that we have fully resumed work, and all production lines are back to normal operation. At this special moment, we would like to share some important information with you. Resumption Notification: To ensure that we can provide you with better service, our team has returned to work, and all production lines have resumed operation. We have implemented a series of measures to ensure production safety and product quality. If you have any needs regarding orders, products, or services, we will be dedicated to supporting you. Price Trends: However, we regret to inform you that recent market conditions have shown a continuous rise in raw material prices, resulting in adjustments to our product prices. This is not only a challenge faced by our company but also a prevalent trend in the entire market. The increase in raw material and transportation costs has attracted attention globally. We apologize for any inconvenience caused, but we trust that you understand the challenges this situation poses to all our partners. We will continue to strive to find more efficient production methods to reduce costs and closely monitor market trends to ensure that we provide you with reasonable prices. Moreover, if you have any purchasing needs or are interested in our products, please feel free to contact us. We look forward to the opportunity to cooperate with you and explore broader markets together. Thank you once again for your trust and understanding. If you have any questions or need further information, please do not hesitate to contact us. We look forward to working with you and achieving success together in the new year!
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  • Embracing the New Year — Return to Work, 2024 Shanghai Yarn Exhibition Preview
    Embracing the New Year — Return to Work, 2024 Shanghai Yarn Exhibition Preview Feb 21, 2024
    Happy New Year! We are delighted to inform you that we have resumed work with full vigor after the Spring Festival holiday. In this new year, we look forward to working together with you to create even better cooperation. Return to Work: We sincerely thank you for your support and trust over the past year. To better serve you, all our staff members have returned to work and are committed to providing you with efficient and high-quality service. Please feel free to contact us with any needs or questions. Shanghai Yarn Exhibition: To further deepen our cooperation with you, we are pleased to announce that we plan to participate in the Yarn Exhibition in Shanghai in March 2024. This is an unmissable opportunity for us to explore the latest industry trends, technological innovations, and future cooperation opportunities together. Exhibition Time: 6-8 March 2024 Venue: Shanghai  Exhibition Preview: Showcasing Latest Products: We will showcase our latest product series, including technological innovations and quality enhancements. Business Negotiations: During the exhibition, we look forward to face-to-face discussions with you to explore potential cooperation opportunities and create a bright future together. We sincerely look forward to your visit and meeting you at the exhibition to share this moment full of opportunities. Thank you for your continued support, and we wish us all a prosperous New Year as we move forward together towards success!
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