Nylon yarn prices to edge down further

In China, nylon FDY70D/24F and FDY40D SD prices fell US cents 6 a kg in the third week of December. Nylon DTY 70D/24F prices were down US cents 6 a kg on the week. Monofilament 30D prices were stable while nylon staple fiber 1.5D prices rolled over during the week.

News Tags: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China

Caprolactum prices remain firm in Asia

The SE and FE Asian caprolactum markers on the lower end were stable in the third week of December. In China, spot liquid good offers were largely unchanged as compared to last week while solid goods were firm on the week.

Caprolactum prices in Asia were firm despite weakening benzene market during the week. In China, CPL offers were mostly stable that week while plant run rates fell to 81.9%.

News Tags: benzene prices, caprolactum price, caprolactum price in China, Nylon prices

RIL commissions the world's largest ROGC at Jamnagar

News Tags: and polyethylene, ethylene, mono-ethylene glycol, petrochemicals, Reliance Industries Limited

Gujarat
RIL commissions the world's largest ROGC at Jamnagar
Summary: 
Reliance Industries Limited (RIL) completing its multi-billion-dollar expansion of largest operating refinery off-gas cracker (ROGC) world’s largest off-gas cracker facility at its Jamnagar complex. This has also doubled RIL’s ethylene production capacity, which is now close to 4 MMTPA at five of its manufacturing sites. RIL joins the distinguished league of top 5 petrochemical producers globally.

Reliance Industries Limited (RIL) completing its multi-billion-dollar expansion of largest operating refinery off-gas cracker (ROGC) world’s largest off-gas cracker facility at its Jamnagar complex. This has also doubled RIL’s ethylene production capacity, which is now close to 4 MMTPA at five of its manufacturing sites. RIL joins the distinguished league of top 5 petrochemical producers globally.

With this, Jamnagar in Gujarat has also become home to the world’s largest operating refinery off-gas cracker, RIL said in a statement.

http://www.thehindu.com/business/Industry/ril-raises-ethylene-capacity-twofold/article22353673.ece
0

Mumbai all set to get its first textile museum

News Tags: archive, Brihanmumbai Municipal Corporation, document, functioning mini-textile mill, Indian megalopolis, Mumbai, museum interactive for the public, proposed structure includes a live, represent Mumbai’s textile legacy, set first textile museum, start construction of textile museum in February

Mumbai
Mumbai all set to get its first textile museum
Summary: 
Mumbai, the Indian megalopolis by the Arabian Sea is all set to get its first textile museum to document, archive and represent Mumbai’s textile legacy. The Brihanmumbai Municipal Corporation (BMA), Mumbai's governing civic body, will start with construction of textile museum in February of this year, more than eight years after the initial proposal was put forward.

Mumbai, the Indian megalopolis by the Arabian Sea is all set to get its first textile museum to document, archive and represent Mumbai’s textile legacy.
The Brihanmumbai Municipal Corporation (BMA), Mumbai's governing civic body, will start with construction of textile museum in February of this year, more than eight years after the initial proposal was put forward.

https://fashionunited.in/news/culture/mumbai-to-get-first-textile-museum/2018010216423
0

Price continue to soar with shortage of quality lint

News Tags: 100 per maund, anticipating prices, cotton bales, creating artificial shortage, Ginners, highest for ongoing season, KCA, move higher in coming days, rates of commodity soaring to Rs8, reap bigger profits, Rising cotton prices continued, shortage of quality lint, spot rates, started to hold back stocks

Karachi
Price continue to soar with shortage of quality lint
Summary: 
Rising cotton prices continued with shortage of quality lint unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Brokers said that ginners have started to hold back their stocks, anticipating that the prices would move higher in coming days, creating artificial shortage and they would reap even bigger profits.

Rising cotton prices continued with shortage of quality lint unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Brokers said that ginners have started to hold back their stocks, anticipating that the prices would move higher in coming days, creating artificial shortage and they would reap even bigger profits.

https://www.dawn.com/news/1380397/cotton-price-soars-to-rs8100-per-maund
0

Surat textile industry reeling under subdued capacity utilization over GST

News Tags: current production down, Knitting industry, power looms continue to shut shops, reeling under GST impact, spinning units are finding takers, Surat based textile industry, synthetic textile hub, weaving sector down by fifty percent

Ahmedabad
Surat textile industry reeling under subdued capacity utilization over GST
Summary: 
The Surat-based textile industry is still reeling under the goods and services tax (GST) impact. The current production is down to 2.5mn meter against 40 mn metres per day in the Rs 500 bn synthetic textile hub of Surat. Similarly in the weaving sector, against a Rs 600-million daily turnover in the pre-GST era, the same is still down by 50 percent.

The Surat-based textile industry is still reeling under the goods and services tax (GST) impact. The current production is down to 2.5mn meter against 40 mn metres per day in the Rs 500 bn synthetic textile hub of Surat. Similarly in the weaving sector, against a Rs 600-million daily turnover in the pre-GST era, the same is still down by 50 percent.

http://www.business-standard.com/article/economy-policy/surat-textile-industry-still-under-subdued-capacity-utilisation-118010100692_1.html
0

AEPC set up new incubation centre in Gurugram

News Tags: AEPC, Apparel Export Promotion Council, Association of National Institute of Fashion Technology, collaboration with 3M, connect with investors as well as mentors, help them achieve efficiency in production, NIFT Alumni, platform for the startups, set up new incubation facility recently inaugurated

New Delhi
AEPC set up new incubation centre in Gurugram
Summary: 
The Apparel Export Promotion Council (AEPC) in collaboration with 3M, Association of National Institute of Fashion Technology (NIFT) Alumni set up new incubation facility which was recently inaugurated. The facility will be a platform for the startups to connect with the investors as well as mentors that could help them achieve efficiency in the production.

The Apparel Export Promotion Council (AEPC) in collaboration with 3M, Association of National Institute of Fashion Technology (NIFT) Alumni set up new incubation facility which was recently inaugurated. The facility will be a platform for the startups to connect with the investors as well as mentors that could help them achieve efficiency in the production.

The centre to act as a launch pad for the startups – Micro, Small and Medium Enterprises (MSMEs), a release from the council informed.

http://knnindia.co.in/news/newsdetails/sectors/aepcs-new-incubation-centre-in-gurugram-to-assist-start-ups-connect-with-investors-mentors
0

Yarns, Fabric & Accessories trade show 2017 witness 5418 buyers

News Tags: Arisudana Industries Limited, Arvind Limited, Balavigna Weaving Mills, bamboo fabrics, denim fabrics textiles, embroidery yarn, Everflow Petrofils Ltd., GTN Engineering India Limited, Gupta Exim India Pvt. Ltd., Indigo yarns, K.C. Astir & Co., Kautilya Industries Pvt. Ltd., knitted fabrics, Kudu Knit Fab, Lenzing AG India, mélange yarns, modal fabrics, multifunctional yarns, Nandan Denim Limited, Nataraja Textiles, Nath Brothers Exim International Limited, National Textile Corporation, Nimbark Fashions Limited, RSWM Ltd, Shri Balaji Hosiery Udyog (KnitFab), silk fabrics, Soundararaja Mills Limited, speciality fibres, TexValley, Woven & Knit, YFA 2017

Mumbai
Summary: 
The fibres to accessories trade show; YFA 2017 which was held from November 24‐27, 2017 in New Delhi, was Inaugurated by Mr. H.K.L MAGU, Vice Chairman, AEPC along with Mr. Lalit Thukral, Chairman EAC and NAEC and Mr. S.D. Chaudhary, Chairman, Kautilya Industries Pvt. Ltd. along with all the participants of YFA 2017.

The fibres to accessories trade show; YFA 2017 which was held from November 24‐27, 2017 in New Delhi, was Inaugurated by Mr. H.K.L MAGU, Vice Chairman, AEPC along with Mr. Lalit Thukral, Chairman EAC and NAEC and Mr. S.D. Chaudhary, Chairman, Kautilya Industries Pvt. Ltd. along with all the participants of YFA 2017. A majority of the 105 exhibitors participating at the show also expressed satisfaction with the numbers as well as the quality of the buyers. There was also a Chinese pavilion, in which 24 Chinese exhibitors showcased innovative yarns, fabrics and garment accessories.

0

Pakistan textile exports likely to touch $13 bn this year

News Tags: cash incentives, driven primarily by surge, first five month of current fiscal year, going up steadily, Pakistan textile exporters association, Pakistan textile exports, raises expectations to touch $13 billion, technological advancement, textile sector heavily banked on energy, textile shipment jumped, trade package, value added textile exports

Faisalabad
Pakistan textile exports likely to touch $13 bn this year
Summary: 
Pakistan textile exports have been going up steadily, in the first five month (July to November) of the current fiscal year textile shipment jumped 7.66 percent year-on-year to $5.51 billion driven primarily by a surge in value added textile exports. This positive sign raises expectations that full-year proceeds likely to touch $13 billion after a hiatus of two years.

Pakistan textile exports have been going up steadily, in the first five month (July to November) of the current fiscal year textile shipment jumped 7.66 percent year-on-year to $5.51 billion driven primarily by a surge in value added textile exports. This positive sign raises expectations that full-year proceeds likely to touch $13 billion after a hiatus of two years.

https://tribune.com.pk/story/1596363/2-industry-hopes-textile-exports-will-jump-13b-year/
0

Cotton price rise to season's new high of Rs7,800

News Tags: 7 lakh cotton bales, anticipating rise in price, Cotton market, cotton prices scales, fast dwindling stock, Ginners, holding back stock, KCA, quality lint, ready market rates, rising demand, seasons new peak, spot rate, trading activity remain moderate

Karachi
Cotton price rise to season's new high of Rs7,800
Summary: 
At the cotton market in the backdrop of fast dwindling stocks of quality lint amid rising demand, cotton prices scales to season’s new peak of Rs7,800 per maund on Friday. On the other end, ginners were holding back their stocks anticipating further rise in prices due to which trading activity remained moderate.

At the cotton market in the backdrop of fast dwindling stocks of quality lint amid rising demand, cotton prices scales to season’s new peak of Rs7,800 per maund on Friday. On the other end, ginners were holding back their stocks anticipating further rise in prices due to which trading activity remained moderate.

However, a big deal of 10,300 bales from Khanpur was finalised between a ginner and spinner at season’s high Rs7,800 per maund late in the evening. Another deal of 400 bales from Dherki was done at Rs7,700 per maund.

https://www.dawn.com/news/1379573/cotton-scales-seasons-new-peak-of-rs7800
0
 
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