Additional hide offers will be released tonight which will likely bring more activity later in the week. Each week, offer lists have been increasing with a greater array of selections. Bids from Asian buyers are typically $5 down from last trading levels, which many sellers have rejected. Shipping congestion in the APAC region continues to be a risk to receiving material promptly.

Last week, climate change, plastic pollution and regenerative agriculture were discussed at the virtual Earth Day Summit. Goals were set by to slash emission levels, among them, President Biden’s target for the US is to reduce carbon emission by at least 50 percent under 2005 levels by 2030. With climate change now a major policy focus, the textile industries are likely to make significant change in the near term. Synthetic fibers raise concern in that the recyclability, decomposition and manufacturing all pose environmental threats. Synthetic fibers are largely derivative of crude petroleum and…