Cambodia Sees 22 Pct Rise In Garment Exports In 9 Months [ 22 Oct, 2013]
Garment industry, Cambodia's largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday.
During the January-September period this year, the country had exported garment products in equivalent to $4.2 billion, up 22 percent from the $3.44 billion over the same period last year, the data said.
Cambodian apparels are mostly sold to the United States and European countries, with some to Canada, Japan, South Korea and China.
The sector accounted for about 80 percent of the country's total exports, it said.
It comprises about 500 factories with some 510,600 workers. A worker's monthly minimum wage is $80.
In 2012, the Southeast Asian nation made $4.6 billion from garment exports, the Ministry said.
Source: Global Times
Nylon Chain: Values Declining With Benzene Dropping Further [ 01 Apr, 2013]
Benzene markets were dull in Asia and prices declined amid bearish market sentiment despite the energy complex gaining strength. US spot benzene dipped significantly attributed to weaker global sentiment as Asian and European prices were also lower. In Europe, benzene markets were in the red, as bearish sentiment continued to penetrate global markets.
Asian caprolactum markets softened as demand weakened amid on inventory in downstream and upstream benzene markets showing sign of rapid softening. Sellers were more active in selling by lowering ideas, mostly for small volume. Markets saw limited offers and bids. As caprolactum prices softened, nylon chip markets also headed south, but downslides were mild in a narrow range. Producers reduced run rates slightly on high inventory and cautious downstream demand.