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- VSF export of China was largely flat with that of 2019, while the import showed a trend of sharp decline. Among them, there was notable growth of demand from Pakistan that had become China s largest destination, while the export to Turkey and Indonesia declined sharply. On a monthly basis, there was a temporarily low ebb of imports in April and July, while exports fluctuated greatly. Among them, export rush occurred in March and the export volume during April-June was much lower than the same period of past years due to the COVID-19 outbreak abroad, but it started to rebound sharply since August. ....
- According to the China customs, in Dec 2020, China s uncombed polyester staple fiber exports were 76,900 tons, a year-on-year decrease of 1.6%, and a month-on-month fall of 13%, and imports were 14,700 tons, a year-on-year decrease of 21.2% and a fall of 19.6% from Nov. In 2020, imports totaled 185.5kt, a fall of 32.4kt year on year, and exports totaled 795.7kt, down 182.7kt year on year. Exports reached a low in May, continued to rise from Jul to Sep, and maintained above 70kt in Oct and Dec. In Nov, exports increased further, showing the hot demand from overseas markets. Currently, plants in Zhejiang and Guangdong continued to deliver the foreign orders in Jan. HC re-PSF exports were offered at $950-980FOB, and plants in Guangdong may have foreign orders in Mar-Apr. ....
-74 Import from Saudi Arabia remained low in December. Operating rates of MEG plants in Saudi Arabia were low due to weak economics, and producers chose to raise output of other products. Meanwhile, some cargoes were delayed to Jan 2021. Import would recovered in Jan with Dec delayed cargoes discharging and the arrivals of PetroRabigh s cargo. Supply from Saudi Arabia would remain low in the first quarter of 2021 due to scheduled maintenance of Sharq2 and Yansab. Import from Taiwan Prov. was around 80-90kt in December, broadly flat from November. Nan Ya s No.2 unit remained closed and has no restart plan yet. The rest three lines of Nan Ya were running normally. MEG cash flow improved since late January, and Nan Ya would assess whether to restart #2 plant after the Lunar New Year. ....
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Bangladesh s exports earning from home textile products in 2020 clocked in 15 per cent growth and reached $936 million, very close to its target of $1 . ....