Cotton market weakens, viscose jumps

Cotton futures’ uptrend slowed down in the week ended 5th July 2019 amid expectations of massive production in the coming season, largely in India. Meanwhile, Brazil substituted US cotton suppliers on the Chinese markets due to the US-China trade war.

Viscose staple fibre prices jumped in China, fell in India, and remained flat in Pakistan during the week. In China, VSF offers rose further this week amid limited availability and decreasing supply in the markets. A few downstream buyers restocked VSF again this week despite having bought in huge quantities previously.

Related Keywords: Cotton futures, cotton historical prices, cotton market trend, cotton prices, cotton prices in china, cotton prices in india, cotton prices in Pakistan, cotton prices in US, cotton yarn, rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

Viscose, cotton markets remain bearish

Viscose staple fiber (VSF) offers in the Asian markets were lowered again in the last week of May 2019 due to lackluster downstream buying interest amid cautious mentality as a whole. Viscose filament yarn prices were range-bound despite the fall in raw material cost. The market sentiment doesn't seem to improve much and it is likely that it will remain bearish in the coming weeks as well.

Related Keywords: Cotton futures, cotton historical prices, cotton market trend, cotton prices, cotton prices in china, cotton prices in india, cotton prices in Pakistan, cotton prices in US, cotton yarn, rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

Indian textile and apparel exports grow in FY19

Related Keywords: apparels, cotton, cotton yarn, exports, fabrics, Imports, India, Industrial Production, man-made fabrics, textile exports, Textiles

India
Indian textile and apparel exports grow in FY19
Summary: 
India’s textiles and apparels exports for the fiscal 2019 just grew 1.66% to $35.969 billion as compared to $35.381 billion in the previous fiscal, mainly due to a sharp drop in the

India’s textiles and apparels exports for the fiscal 2019 just grew 1.66% to $35.969 billion as compared to $35.381 billion in the previous fiscal, mainly due to a sharp drop in the shipment of apparels.

India’s textiles and apparels exports for the fiscal 2019 just grew 1.66% to $35.969 billion as compared to $35.381 billion in the previous fiscal, mainly due to a sharp drop in the shipment of apparels.

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Xinjiang attracts major textile companies from east and south China to set up branches and factories, as the largest cotton grower in China

Related Keywords: cotton grower, cotton growing fields, cotton trade, cotton yarn, environmentally-friendly textiles, fashion designing, melange yarn, spindles, spinning colored yarn, textile companies, textile mill, textile producing facilities

Xinjiang
Summary: 
Chairman of the company, Sun Weiting, said the factories were not only textile producing facilities, but took pride in a fashion designing, developing platform and intelligent and digital machines for developing environmentally-friendly textiles. The textile mill is owned by Huafu Fashion Co. Ltd., the world's largest supplier of melange yarn, which is based in east China's Zhejiang Province.

Chairman of the company, Sun Weiting, said the factories were not only textile producing facilities, but took pride in a fashion designing, developing platform and intelligent and digital machines for developing environmentally-friendly textiles. The textile mill is owned by Huafu Fashion Co. Ltd., the world's largest supplier of melange yarn, which is based in east China's Zhejiang Province.

http://www.ecns.cn/news/economy/2018-08-27/detail-ifyxikfc9643275.shtml
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Government gets encouragement from Textiles body for duty free access to China

Related Keywords: CITI, cotton textiles, cotton yarn, duty-free access to the Chinese market, fabric and made-ups, textile and apparel products, textile industry body, yarn

Mumbai
Summary: 
Sanjay Jain, chairman, CITI, said in a letter written to the government recently that, "However, the trend has been reversed constantly since then and India is losing business to nations like Vietnam, Indonesia, Pakistan and Cambodia, who enjoy duty-free access to the Chinese market." He educated that Indian products carry 3.5 per cent, 10 per cent and 14 per cent duty on yarn, fabric and made-ups, respectively.

Sanjay Jain, chairman, CITI, said in a letter written to the government recently that, "However, the trend has been reversed constantly since then and India is losing business to nations like Vietnam, Indonesia, Pakistan and Cambodia, who enjoy duty-free access to the Chinese market." He educated that Indian products carry 3.5 per cent, 10 per cent and 14 per cent duty on yarn, fabric and made-ups, respectively.

https://www.business-standard.com/article/pti-stories/textiles-body-urges-govt-to-push-for-duty-free-access-to-china-118080300945_1.html
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To double the import duty on over 50 textile products which aims at promoting domestic manufacturing is Government's latest action

Related Keywords: 50 textile products like jackets, cotton yarn, domestic manufacturing, dresses, fabric and made-up articles, Indian textile manufacturing, suits and baby garments, suits and carpets, textile readymade garments, textile sector, textile yarn, The Central Board of indirect Taxes and Custom, trousers, woven fabrics

Mumbai
Summary: 
Imports of textile yarn, fabric and made-up articles grew by 8.58% to $168.64 million in June. Though, exports of cotton yarn, fabrics and made-ups grew by 24% to $986.2 million. Exports of man-made yarn, fabrics and made-ups grew 8.45% to $403.4 million.

Imports of textile yarn, fabric and made-up articles grew by 8.58% to $168.64 million in June. Though, exports of cotton yarn, fabrics and made-ups grew by 24% to $986.2 million. Exports of man-made yarn, fabrics and made-ups grew 8.45% to $403.4 million.

Exports of all textile readymade garments sinked by 12.3% to $13.5 billion.

https://www.livemint.com/Industry/3WzHA8c44xeTu3amgUyOGO/Govt-doubles-import-duty-on-over-50-textile-products-to-20.html
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Yarn prices up by 10%

Related Keywords: 40-count of cotton yarn, bales of cotton, China, cotton yarn, raising tariffs on import from the US, Shankar-6 variety of cotton, spinning sector, yarn maker, yarn prices

Mumbai
Summary: 
After raising tariffs on import from the US, China has contracted to import 500,000 bales (one bale = 170 kg) of cotton from India and the new orders are in addition to the regular ones. Against its consumption of 45 mn bales China produces nearly 32 million bales of cotton annually. India exported nearly a million bales to China last year. As a result, our overall cotton export is likely to rise 21 per cent to seven million bales for the cotton year ending this September, from 5.8 mn bales the previous year.

After raising tariffs on import from the US, China has contracted to import 500,000 bales (one bale = 170 kg) of cotton from India and the new orders are in addition to the regular ones. Against its consumption of 45 mn bales China produces nearly 32 million bales of cotton annually. India exported nearly a million bales to China last year. As a result, our overall cotton export is likely to rise 21 per cent to seven million bales for the cotton year ending this September, from 5.8 mn bales the previous year.

https://www.business-standard.com/article/markets/cotton-blooms-as-us-triggered-trade-war-intensifies-yarn-prices-up-10-118061900535_1.html
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Cotam Enterprises to build new textile complex in Turkmenistan

Related Keywords: Construction work will kick off from next month, cotton yarn, dyed fabric, equipped with modern textile manufacturing technologies, high-quality fabric for sewing garments, inked agreement, Ministry of Textile Industry of Turkmenistan, ready made garments, set up new textile complex, textile and garment, Turkish company Cotam Enterprises Ltd

Ashgabat
Cotam Enterprises to build new textile complex in Turkmenistan
Summary: 
Turkish company Cotam Enterprises Ltd. inked an agreement with the Ministry of Textile Industry of Turkmenistan to set up of a new textile complex in the country. Construction work of the complex will kick off from the next month.

Turkish company Cotam Enterprises Ltd. inked an agreement with the Ministry of Textile Industry of Turkmenistan to set up of a new textile complex in the country. Construction work of the complex will kick off from the next month.

The upcoming textile complex is expected to be operational by March 2021. It will be set up in Turkmenistan’s Akhal Velayat (region) and will be equipped with modern textile manufacturing technologies.

https://www.azernews.az/region/127569.html
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Slow and restricted trading seen at cotton market

Related Keywords: barring a few small and needy spinners, cotton market on Tuesday, cotton yarn, dull trading, KCA, KCE, Poor demand for lint. leading spinners, spot rate, trading activity slow and restricted, trading ring gave a deserted look

Karachi
Slow and restricted trading seen at cotton market
Summary: 
Due to poor demand for lint from leading spinners. Barring a few small and needy spinners, the trading ring gave a deserted look which keep trading activity slow and restricted at the cotton market on Tuesday.

Due to poor demand for lint from leading spinners. Barring a few small and needy spinners, the trading ring gave a deserted look which keep trading activity slow and restricted at the cotton market on Tuesday.

Sluggish off-take of yarn locally and falling world cotton prices continued to depress lint rates. Leading spinners already having long positions were conspicuous by their absence.

At the Karachi Cotton Association (KCA) spot rates were firm at overnight level of Rs7,000 per maund.

https://www.thenews.com.pk/print/280652-cottonunchanged
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Value added segment push textile export for Pakistan

Related Keywords: basic textile segment, cotton yarn, Knitwear, modest 4 percent increment to reach $292m, Pakistan Bureau of Statistics, Pakistan value-added segment, readymade garment, risen 10 percent to $1.13 billion from $1.03 billion, rose 12 percent, same period of last year, textile exports in the month of December 2017, to clock in at $840m

Lahore
Value added segment push textile export for Pakistan
Summary: 
Pakistan’s value-added segment rose 12 percent to clock in at $840m, wherein textile exports in the month of December 2017 have risen 10 percent to $1.13 billion from $1.03 billion in same period of last year, while basic textile segment followed with a more modest 4 percent increment to reach $292m, according to Pakistan Bureau of Statistics (PBS).

Pakistan’s value-added segment rose 12 percent to clock in at $840m, wherein textile exports in the month of December 2017 have risen 10 percent to $1.13 billion from $1.03 billion in same period of last year, while basic textile segment followed with a more modest 4 percent increment to reach $292m, according to Pakistan Bureau of Statistics (PBS).

https://nation.com.pk/30-Jan-2018/textile-value-added-segment-exports-up-12pc
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