Spun yarn exports doubled in February 2010 compared to the corresponding month of 2009. Export has been accelerating over the past five months initially driven by volumes while unit value realization picked up later. This month witnessed sharp surge in unit value realization coupled with enhanced volumes. During the month, exports aggregated Rs.803 crore, up 86% from last year. With INR appreciating 7% during the same period, the value in USD terms in-creased 101% and volumes were up 61%. About 56 million kg of spun yarn was exported valued at US$174 million in February 2010 as against 35 million kg and US$86 million last year. The overall unit price realization averaged US$3.10/kg, as against US$2.48/kg last year, implying an increase of 25%. It was also US cents 8 per kg higher than previous month. Thus, cumulative exports during the first 11 months of 2009-10, aggregated 526 million kg valued at US$1.46 billion or Rs.6,943 crore.
COLOMBIA’S PROFILE AND TEXTILE AND APPAREL INDUSTRY
YnFx Yarn ExportWatch – Jan 10
Colombia, officially the Republic of Colombia, is a constitutional republic in northwestern South America. Colombia is bordered to the east by Venezuela and Brazil to the south by Ecuador and Peru; to the north by the Caribbean Sea; to the northwest by Panama; and to the west by the Pacific Ocean. Colombia also shares maritime borders with Jamaica, Haiti, the Dominican Republic, Honduras, Nicaragua and Costa Rica. With a population of over 45 million people, Colombia has the 29th largest population in the world and the second largest in South America, after Brazil. Colombia has the third largest Spanish-speaking population in the world after Mexico and Spain.
Crude oil prices were sober in February as compared to January numbers. Although prices were a bit sluggish week over week the decline was around 2-3% during the month. They declined in the second week only to regain in the third week. However, at the end of the month they were close to US$80 a barrel. The USA Futures averaged US$76.55 per barrel during the month, down 2.2% as compared to previous month. Europe Brent averaged US$74.19 per barrel. In Asian market, crude oil prices averaged at US$73.91 per barrel whereas naphtha increased by 11.7% and averaged at US$684.25 per ton.
Polyester Chain Polyester chain prices were largely influenced by the week-long Lunar New Year Holidays in China. With almost all the markets closed trading activity had come to a complete halt. Paraxylene prices declined in Asian and European markets due to weak demand from downstream PTA segment. Ethylene prices too declined as supplies increased supply from Middle East particularly from Saudi Arabia. Paraxylene prices averaged US$1,001 per ton FOB Korea, down 9%. PTA markets were almost stable, but without much activity.
