In China, offers for 32s polyester yarn in Shengze were up US cents 5 a kg in the third week of January. Spun polyester yarn offers in China continued the uptrend that week in tandem with firming up polyester staple fibre cost. Market saw modest demand and sales were passable during the week.
In India, spun polyester yarn prices stopped falling and were assessed stable during the week. Prices were supported by firm PSF cost and decent demand.
Asian PTA prices, CFR China and CFR Southeast Asia marker were both firm in the third week of January. In China, offers for bonded goods were up US$5 a ton during the week.
Purified terephthalic acid prices in Asia were stable to up that week on the back of firm upstream values. PTA market is likely to see weak correction in the coming week as demand weakened. However, since several major PTA units will undergo maintenance in February, together with strong cost support, PTA market will still hold strong capability to resist price drop.
The Winter 2018 editions of Texworld USA and Apparel Sourcing USA opened their doors to exhibitors and visitors alike on Monday, January 22nd at the Javits Center featured a record-breaking 371 exhibitors representing 14 countries and over 4,000 visitors.
Over three days, a wide range of international suppliers from around the globe showcased textiles, trims, accessories, manufacturing and private label development services and finished apparel for industry buyers, designers and experts.
The heart of the world textile industry will beat at ITM 2018 International Textile Machinery Exhibition to be held in Istanbul between April 14-17, 2018. With the participation of hundreds of manufacturers, each developing leading technologies in their respective fields, and the visits of the worldwide industry investors and trade delegations the event will turn into a textile show.
Cotton prices continued to slide for the third consecutive session amid slow demand from the spinners on Wednesday. Ginners holding substantial stocks of unsold cotton and with rapidly falling prices are likely to suffer huge losses.
Cotton broker Adil Naseem said that the declining lint price trend indicated that a weaker US dollar against other leading currencies is impacting commodity prices.
The November 2017 edition of International Apparel and Textile Fair (IATF) proved to be grand success, making apparel and textile manufacturers from around the globe look forward to the highly anticipated 8th edition due to take place in 24th,25th,26th April 2018. The three-day event that took place from 1st to 3rd November 2017 was inaugurated by H.E Butti Al Ghandi, Board of Director of the Dubai World Trade Centre on 1st November at 11:30 am at Hall 6, Dubai World Trade Centre.
Second Dhaka Int'l Denim Show 2018 – Winter Edition” and “30th Dye+Chem Bangladesh 2018 International Expo - Winter Edition” four-day fair started yesterday. Changzhou Edelweiss Printing & Dyeing Co Ltd, a Chinese woven fabric maker find Bangladesh a very promising country for them as their business has been growing at over 100 percent in the last three years, riding on growing demand from apparel industries, said Md Ibrahim Khalil, assistant general manager of the company.
The state industries and commerce minister Chander Parkash Ganga recently informed the legislative assembly that the government in India’s Jammu and Kashmir state is planning to introduce an e-commerce platform for artisans and weavers to boost export of handicrafts and handloom products and to reduce the role of middlemen in transactions, often leading to exploitation.
He said that under the Artisan Credit Card (ACC) scheme involving an interest subsidy of Rs 62.36 crore, 44,414 artisans have been covered. Artisans received loans worth Rs 375 crore till November 2017.
Japanese Toray Advanced Textiles manufacturing firm dedicated to the manufacture of fibers for the production of airbags in the automotive industry has announced the opening of their new $80 million USD plant in El Salto, Jalisco.
This is the first factory of the Japanese group dedicated to the production of airbags, a market that is growing at an annual rate of 8.1 percent.
The 15th International and 73rd All India Textile Conference being organized by the Textile Association (India), Vidarbha on February 2 and 3 at Dr Vasantrao Deshpande Auditorium, Civil Lines.
Leading industry stalwarts, galaxy of speakers, sponsors and delegates from entire textile value chain are invited to participate and share knowledge, fine tune ideas and demonstrate their product and service excellence. Around 1,000 delegates from all over the country including senior managers, decision makers and reputed textile professionals will participate.
