New crown vaccine has made a breakthrough again! Or change the pattern of economic and oil demand
On Wednesday, Pfizer said its vaccine efficiency reached 95%, and plans to submit an emergency application to the U.S. Food and Drug Administration in the next few days, placing high hopes on the market to eradicate the new epidemic ahead of time, boosting the confidence of the oil market. However, in the short term, the sharp increase of new crown epidemic and the increase of API and EIA crude oil stocks in the United States limited the oil price above. U.S. WTI crude oil December futures rose 39 cents, or 0.94%, to $41.82/barrel, after hitting a high of $42.68/barrel in the session; Brent crude oil January futures rose 59 cents, or 1.35%, to $44.34/barrel.
Pfizer vaccine is expected to start delivery as soon as December 25
Pfizer partner biontech CEO Yugur Sassin said on Wednesday that the new coronavirus vaccine jointly developed by the two companies is likely to receive urgent authorization from the United States and the European Union next month and start delivery by December 25. Previously, Pfizer announced that the final test results showed that the effectiveness of the vaccine was as high as 95%, and there were no serious side effects.
India and Bangladesh are fighting for a 35% share of global textile and clothing trade over the next five years
According to foreign media, recently, the textile ministers, high-level and industrial circles of India and Bangladesh have unanimously decided that the two countries will work together to make up 35% of the global textile and clothing trade in the next five years. India's total textile and clothing exports are currently around $39 billion (fy19). On the other hand, Bangladesh's exports amounted to US $27.95 billion in fiscal year 20, compared with us $34.13 billion in the previous fiscal year. The total value of textile and clothing exports by the two countries is 66.95 billion US dollars, and it must reach at least 350 billion US dollars in the next five years. The two countries must develop together at the rate of 5.22.
In the next five years, the compound annual growth rate of global second-hand fashion brand market may reach 15% - 20%
According to the survey of 7000 consumers by vestaiire collective and Boston Consulting Group, the value of the second-hand brand clothing market is estimated to be US $30 billion to US $40 billion. It is estimated that the global compound annual growth rate will be 15% to 20% in the next five years, while the compound annual growth rate of developed markets is even higher, and it is expected to reach 100% growth year on year. At present, the epidemic of Xinguan has made household expenditure tight, which has increased the number of customers who started to buy second-hand products and the number of second-hand products consumers are buying. Together, these trends have led to an increase in the proportion of second-hand clothing in people's closets, which is expected to increase from 21% in 2020 to 27% in 2023.
