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Related Keywords: adding lint to their inventory, amid uncertain outlook, Barring a few deals finalised, Cotton market, discouraged spinners, KCA, kept to the sidelines, lackluster on Wednesday, leading buyers, slow demand for cotton yarn and grey cloth, some small spinners, spot rate, trading activity, value-added textile sector

The trading activity at cotton market remained lackluster on Wednesday as leading buyers kept to the sidelines amid uncertain outlook. Barring a few deals finalised by some small spinners. Slow demand for cotton yarn and grey cloth from the value-added textile sector discouraged spinners from further adding lint to their inventory.

There are strong indications that the current cotton season could be shorter than normal as very little phutti (seed cotton) has been left behind in the fields.

Related Keywords: 500 crore, Aditya Birla Group-owned Grasim Industries, approved a brownfield expansion, earmarked more than Rs 3, expanding output of VSF, finds key use in making textiles, money will be spent over next two and a half years, only producer of Viscose staple fibre, Vilayat facility, VSF in India

Aditya Birla Group-owned Grasim Industries, the only producer of the Viscose staple fibre (VSF) in the country, has earmarked more than Rs 3,500 crore on expanding the output of VSF that finds key use in making textiles.

Sushil Agarwal, group CFO of Grasim Industries said that the money will be spent over the next two and a half years. They have a strong balance sheet.

Related Keywords: Apparel Sourcing Paris, around 26 Fabric and Garments Entrepreneurs participated, eleven participated through TDA of Pakistan, Fair displayed a global range of fashion products, major manufacturing countries, Pakistan participating in every single edition, Texworld

Pakistan has been participating in every single edition of Texworld/Apparel Sourcing Paris. Around 26 Fabric and Garments Entrepreneurs from Pakistan participated in the fair. Among them; eleven participated through Trade Development Authority of Pakistan. Ambassador of Pakistan to France, Moin-ul-Haque visited exhibitors and shown satisfaction on the products displayed in said fair.

Related Keywords: aimed at enhancing product brand offerings, consumers, driving consumer demand, fibre producer to a business-to-business-to-consumer brand, increasing connections with customers, Lenzing Group, rebranding of its flagship Tencel brand, recent Premiere Vision, transforming from a business-to-business, unveiling new strategy

The Lenzing Group unveiling the new strategy at the recent Premiere Vision, said that the rebranding of its flagship Tencel brand is an important step in transforming from a business-to-business (B2B) fibre producer to a business-to-business-to-consumer (B2B2C) brand, aimed at enhancing product brand offerings, increasing connections with customers and consumers, and driving consumer demand.

Related Keywords: Artistic Denim Mills Ltd, built a new factory in Pakistan’s financial hub, denim factory, Denim factory hold key, despite larger textile industry in trouble, doubling production, operating as a one-stop shop, Pakistan denim is on an upward trend, reviving Pakistan’s ailing exports, turning cotton into jeans

Pakistan’s denim is on an upward trend, despite the larger textile industry being in trouble, as denim factory Artistic Denim Mills Ltd., in Karachi is operating as a one-stop shop turning cotton into jeans, is doubling production and has built a new factory in Pakistan’s financial hub. Denim factory could hold the key to reviving Pakistan’s ailing exports. Pakistan has a tremendous opportunity.

Asian spot MEG prices rose US$25 a ton CFR China and CFR South East Asia in the last week of January. In China, offers for nearby-month cargoes were up US$30 a ton during the week.

Mono ethylene glycol prices in Asia rose as stocking-up activities for post Chinese New Year requirements persisted.

In US, spot MEG prices were firm during the week.

European MEG spot price uptrend halted on muted demand during the week.

Courtesy: Weekly PriceWatch Report

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Asian paraxylene markers, CFR Taiwan/China fell US$7 a ton in the last week of January while FOB Korea was also down US$7 a ton. Isomer-grade mixed xylene prices was stable during the week. Paraxylene prices in Asia edged down on weak upstream crude oil values during the week.

In US, spot paraxylene prices declined this week amid limited activity in the market. Prompt spot paraxylene lost US$5 a ton FOB USG, while spot mixed xylenes rose US cents 3 a gallon FOB USG.

Related Keywords: paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

Related Keywords: Bombay Exhibition Centre, chemicals for laundry, cleaning and textile rentals, Fabric and Leather Technologies, Laundrex, laundry techniques, Messe Frankfurt India, Modern Textile Care, Texcare forum, Texcare International, textile care, Trends in Laundry, Virtual Info Systems

Texcare – the world’s leading brand for modern textile care marked its entry in India through a dedicated forum on laundry, cleaning and textile rentals organised by Messe Frankfurt India and Virtual Info Systems. The conference that was scheduled on 20 January 2018 at Bombay Exhibition Centre alongside the Laundrex exhibition in Mumbai, successfully brought important decision makers, potential investors and enthusiastic trade professionals together under one roof from leading countries around the world.

Related Keywords: China National Textile and Apparel Council, CNTAC, deal was struck at the OECD Forum, Due Diligence in the Garment and Footwear Sector in Paris, global textile and apparel supply chains, intensify cooperation, promote responsible business practices, signed memorandum of understanding, with OECD

The China National Textile and Apparel Council (CNTAC) signed Memorandum of Understanding (MOU) with OECD to intensify co-operation and promote responsible business practices in global textile and apparel supply chains. This deal was struck at the OECD Forum on Due Diligence in the Garment and Footwear Sector in Paris.

The agreement forms part of a broader framework of co-operation between the People’s Republic of China and the OECD on responsible business conduct, and has been described as a direct outcome of the China-OECD Joint Programme of Work from 2015-16.

Related Keywords: amid changes in global fashion trend, BTMA, Demand for man-made fibres, durability, higher than cotton-made yarn and fabrics, import of man-made fibre is increasing every year, increasing as a substiture for cotton, longevity of artificial fibres, polyester staple, viscose and tencel

Demand for man-made fibres such as polyester staple, viscose and tencel is increasing as a substiture for cotton amid changes in global fashion trend. The import of man-made fibre is increasing every year, said Monsoor Ahmed, secretary of the BTMA.

According to data from Bangladesh Textile Mills Association (BTMA), Bangladesh imported 78,208 tonnes of polyester staple fibre in 2016, up 11.39 percent from 70,209 tonnes in 2015 and 35.72 percent from 51,729 tonnes in 2014.