Nylon raw material prices stable-to-higher in H2 August 2018

CPL offers in China were largely stable in the week ended 24 August 2018 as supply tightness was easing a bit due to increase in average run rates in the region during the week.

The SE and FE Asian caprolactum markers on the lower end were stable during the week. In China, spot CPL liquid good offers were up US$7 a ton due to strong local currency while solid goods also rose US$7 on the week. Sinopec kept its August contract nomination price at 16,800 Yuan a ton while Fibrant nominated its August contract price at 16,900 Yuan a ton for liquid goods.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, cost of nylon, Hongsheng New Material, nylon 6 price, nylon chips prices, nylon cost, nylon filament yarn prices, Nylon prices, nylon prices in China, nylon-66 price, polyamide chips price

Polyester fibre and yarn prices soar on cost support and low inventory

In China, offers for 1.4D direct-melt-spun PSF in Jiangsu and Zhejiang rose US cents 6 a kg in the week ended 24 August 2018. The same in Fujian and Shandong jumped US cents 8 a kg. PSF producers in China hiked offers in line with rising polyester chip values this week. Polyester chip prices in Asia were raised amid higher PTA and MEG cost in the week.

Major PSF producers limited their production resulting in to tight supply recently. In seasonal ebb, polyester market was supposed to be dull, but it moved differently at this time of the year.

Related Keywords: MEG prices, paraxylene price, PET prices in China, PET prices in India, polyester chip prices, polyester fiber prices, polyester fibre prices, polyester filament yarn prices, Polyester prices, polyester staple fiber prices, polyester staple fibre prices in China, polyester yarn prices in Asia, psf prices in China, psf prices in India, psf prices in Pakistan, PTA prices

The NPC UK Cotton + Corn is the only footwear product on the market that has been certified as containing 75% USDA certified biobased content

Related Keywords: 100% cotton, biobased solutions, corn-based sole, Cotton + Corn initiative, DuPont Tate & Lyle Bio Products, NPC UK Cotton + Corn footwear, Reebok Future team, sustainable resources, Susterra

Boston
Summary: 
The Reebok Future team is Reebok’s innovation department devoted to creating new technologies, ideas, techniques and prototypes. For the Cotton + Corn initiative, Reebok partnered with DuPont Tate & Lyle Bio Products which is a leading manufacturer of high-performance biobased solutions. DuPont Tate & Lyle has developed Susterra® propanediol, a pure, petroleum-free, non-toxic product that contains 100% USDA certified biobased content, derived from field corn.

The Reebok Future team is Reebok’s innovation department devoted to creating new technologies, ideas, techniques and prototypes. For the Cotton + Corn initiative, Reebok partnered with DuPont Tate & Lyle Bio Products which is a leading manufacturer of high-performance biobased solutions. DuPont Tate & Lyle has developed Susterra® propanediol, a pure, petroleum-free, non-toxic product that contains 100% USDA certified biobased content, derived from field corn.

Susterra® propanediol is used to create the sole of the NPC UK Cotton + Corn footwear.

http://www.texdata.com/news/26.Infoletter/11553.html
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Longchamp first fashion show in N.Y. to stage

Related Keywords: 300-plus stores, 70 years of luxury and savoir faire, Le Pliage bag, lifestyle brand, Longchamp, New York Fashion Week, Stateside, trans-Atlantic fashion show

Paris
Summary: 
As a privately owned company, Longchamp does not share revenues and declined to disclose the breakdown of sales on accessories and rtw. The latter category is available in around 40 of its 300-plus stores worldwide. Among other projects Stateside, the brand is preparing to open its first Los Angeles store this fall. For Marie-Laure Dubuisson, global communications and marketing director at Longchamp, the tandem events will reveal two complementary perspectives for the brand. She said that, “In Paris, we will celebrate 70 years of luxury and savoir faire, while in New York we will look ahead to the next 70 years.”

As a privately owned company, Longchamp does not share revenues and declined to disclose the breakdown of sales on accessories and rtw. The latter category is available in around 40 of its 300-plus stores worldwide. Among other projects Stateside, the brand is preparing to open its first Los Angeles store this fall. For Marie-Laure Dubuisson, global communications and marketing director at Longchamp, the tandem events will reveal two complementary perspectives for the brand.

http://www.latimes.com/fashion/la-ig-wwd-longchamp-ny-show-20180712-story.html
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The CCI to use the warehouses of Central Warehousing Corporations on a pay-and-use basis

Related Keywords: bales of cotton, cotton bale, cotton corporation of India, cotton storage, Ginners, MSP for cotton

Coimbatore
Summary: 
P. Alli Rani, Chairman and Managing Director of CCI, told that the Cotton Corporation would need space in 500 to 600 warehouses. The Cotton Corporation purchased 3.6 lakh bales of cotton at MSP (minimum support price) during the current cotton season (October 2017 to September 2018). However, with the steep hike in MSP for cotton, the CCI might have to purchase huge quantities next season (October 2018 to November 2019).

P. Alli Rani, Chairman and Managing Director of CCI, told that the Cotton Corporation would need space in 500 to 600 warehouses. The Cotton Corporation purchased 3.6 lakh bales of cotton at MSP (minimum support price) during the current cotton season (October 2017 to September 2018). However, with the steep hike in MSP for cotton, the CCI might have to purchase huge quantities next season (October 2018 to November 2019).

https://www.thehindu.com/business/Industry/cotton-corporation-to-store-purchases-in-cwc-warehouse/article24726672.ece
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Textile exports tend to fall in July as exporters try to increase exports in the closing month of earlier fiscal year

Related Keywords: bales of cotton, competition in the international market, cotton, High quality raw material, impact of rupee depreciation on the textile industry, imported by brands, national exports, Textile, textile exports, textile group, textile producers

Karachi
Summary: 
All Pakistan Textile Mills Association (Aptma) Patron-in-Chief Gohar Ejaz said the government had recently halved tax rebates that stood at 4-7% and thus things turned unfeasible for textile producers. Ejaz said Pakistan had only adjusted its exchange rate by letting the rupee weaken, but it won’t impact national exports. He said that the rupee had been artificially stabilised at Rs 105 per dollar for the past five years.

All Pakistan Textile Mills Association (Aptma) Patron-in-Chief Gohar Ejaz said the government had recently halved tax rebates that stood at 4-7% and thus things turned unfeasible for textile producers. Ejaz said Pakistan had only adjusted its exchange rate by letting the rupee weaken, but it won’t impact national exports. He said that the rupee had been artificially stabilised at Rs 105 per dollar for the past five years.

https://tribune.com.pk/story/1785583/2-textile-exports-drop-16-rebate-reduction/
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L11 allows PA6 filament and BCF fibre producers to finally adopt fully inherent halogen free flame retardant performance for garments, home textiles and carpets

Related Keywords: automotive, BCF and PA6 filament producers, bedding, corporate wear and underwear markets, Dornbirn Global Fiber Congress, fibre cross section, Garments, halogen-free flame retardant PA6 additive, home textiles and carpets, Litrax, outdoor and sportswear, PA6 and PA6.6 filaments, PA6 filament and BCF fibre producers, polymer masterbatches, staple fibres and filaments and nonwoven insulation, supply custom-designed and cost-effective solutions, textile and garment finishing

Switzerland
Summary: 
Litrax CEO Felix B. Stutz said that, “We work with clients and brands worldwide to meet existing challenges and supply custom-designed and cost-effective solutions to the specific technical requirements of companies, whether large or small,” Also, “Our background is in the research and development of innovative materials for smart garments and we cooperate with government co-funded research institutes worldwide on specific applications.”

Litrax CEO Felix B. Stutz said that, “We work with clients and brands worldwide to meet existing challenges and supply custom-designed and cost-effective solutions to the specific technical requirements of companies, whether large or small,” Also, “Our background is in the research and development of innovative materials for smart garments and we cooperate with government co-funded research institutes worldwide on specific applications.”

https://www.innovationintextiles.com/fibres-yarns-fabrics/added-extra-from-litrax/
0

Global brands to have least effect due to hike in import duty

Related Keywords: Arvind, cotton, decentralise manufacturing, domestic manufacturers, fabrics and garments, global apparel brands, global fashion brands, Hiking of import duty on textile products, import duty hike, manufacturing of garments, Puma India, raw materials, sportswear, Textile, textile products

Mumbai
Summary: 
Textile giant Arvind, is speeding up it’s efforts to localise end-to-end manufacturing of garments for global fashion brands. More than 80 per cent products of the brands that it sells are Made-in-India, so the impact of import duty hike will be marginal except in some areas. Addition to this the Ahmedabad headquartered company plans to open plants in Gujarat, Jharkand and Andhra Pradesh in a bid to cushion it’s verticalisation plans and decentralise manufacturing.

Textile giant Arvind, is speeding up it’s efforts to localise end-to-end manufacturing of garments for global fashion brands. More than 80 per cent products of the brands that it sells are Made-in-India, so the impact of import duty hike will be marginal except in some areas. Addition to this the Ahmedabad headquartered company plans to open plants in Gujarat, Jharkand and Andhra Pradesh in a bid to cushion it’s verticalisation plans and decentralise manufacturing.

http://www.dfupublications.com/news/hike-in-textile-import-duty-to-have-minimum-impact-on-global-brands/2599-hike-in-textile-import-duty-to-have-minimum-impact-on-global-brands
0

Textile exporters show displeasure with a rise in polyester prices

Related Keywords: All Pakistan Textile Mills Association, basic textile raw materials cotton and PSF, cotton, domestic polyester manufacturers, entire textile export value chain, global market players, man-made textile products, manmade textiles, polyester fiber chain, Polyester prices, polyester staple fibre, PSF, PTA and PSF plants, PTA plant, raw materials, synthetic market, Textile exporters, yarn manufacturers

Lahore
Summary: 
The yarn producers have urged the government to reduce import duties on the import of PSF from existing 7 percent to 2 percent as polyester prices have almost doubled in the last year. The meeting was also of the view that one of the main causes of the non viability of domestic polyester fiber chain is the protection extended to the obsolete PTA plant over the last 25 years. The import duties on its raw materials are zero yet the finished product PTA is being given protection of 6 percent despite making huge profits which is a big reason for the predicament and non viability in the export market of Pakistani produced manmade textiles.

The yarn producers have urged the government to reduce import duties on the import of PSF from existing 7 percent to 2 percent as polyester prices have almost doubled in the last year. The meeting was also of the view that one of the main causes of the non viability of domestic polyester fiber chain is the protection extended to the obsolete PTA plant over the last 25 years.

https://nation.com.pk/18-Aug-2018/increase-in-polyester-prices-irks-textile-exporters
0

Ample rains strike cotton crop in 11 districts of Telangana

Related Keywords: Confederation of Farmers’ Association, cotton, cotton crop, cotton-growing, kharif season, seeds

Hyderabad
Summary: 
Farmers in the state grew cotton in about 42 lakh acres this kharif, despite losses in the last season due to the virulent attack of pink bollworm. Malla Reddy said that, “Losses in Adilabad would be much higher as heavy rains lashed the cotton-growing district,” Telangana Rythu Sangham leader, Adilabad district recorded 1,112 mm of rainfall, while Jogulamba Gadwal district received the lowest rainfall of 216.7 mm. Official figures put the crop losses in Adilabad district at 1.25 lakh acres. He said that, “The rains were not well spread out and were not timely. There were either no rains or insufficient rains.”

Farmers in the state grew cotton in about 42 lakh acres this kharif, despite losses in the last season due to the virulent attack of pink bollworm. Malla Reddy said that, “Losses in Adilabad would be much higher as heavy rains lashed the cotton-growing district,” Telangana Rythu Sangham leader, Adilabad district recorded 1,112 mm of rainfall, while Jogulamba Gadwal district received the lowest rainfall of 216.7 mm. Official figures put the crop losses in Adilabad district at 1.25 lakh acres. He said that, “The rains were not well spread out and were not timely.

https://www.thehindubusinessline.com/economy/agri-business/cotton-crop-in-telangana-hit-by-extensive-rains/article24760527.ece
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