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Related Keywords: 000 through export, Alassol, Angolan textile company, based in municipality of Benguela, containing 156 toness, continue production, cotton thread to Portugal, entered into export business, exporting its first 15 containers, import raw material, invoiced US$500, lack of foreign currency in Angola, overcome, Portugal textile factories

Alassola an Angolan textile company based in the municipality of Benguela in Angola’s central coastal region has entered into export business by exporting its first 15 containers containing 156 toness of cotton thread to Portugal. The company has invoiced US$500,000 through the export of its first consignment recently, said company chairman Tambwe Mukaz. Such exports to Portugal textile factories will allow the company to overcome the lack of foreign currency in Angola and to import raw material and continue production.

Related Keywords: Domestic textile majors, establishing monopoly, gearing up to execute, handloom production hubs, Kerala State, lucrative offers, making a beeline, outright procurement, state government, textile modernization plan, traditional Khadi

Domestic textile majors in Kerala State are making a beeline for the traditional Khadi and handloom production hubs with lucrative offers for outright procurement of their products, while the State government is gearing up to execute a textile modernization plan.

Key players were coaxing the Khadi and handloom production units in Kannur and Thrissur, to begin with, to sell their products at competitive prices and also seeking an assurance that they would consistently meet the demand for a fixed tenure.

Related Keywords: aiming to expand business, Amitabh Bachchan as brand ambassador, become market leader, both pan-India, fashionable and innovative brand, GBTL Ltd Grasim, global market, licensed user of TM Grasim, manufacturing of polyester viscose, polyester wool fabric, progress towards strategic goal, signed fashion icon, take brand to a supreme level

GBTL Ltd – Grasim (licensed user of TM Grasim) aiming to expand its business both pan-India as well as in global market, and progress towards their strategic goal to become the market leader has signed ‘fashion icon’ Amitabh Bachchan as its brand ambassador. By roping in Bachchan; the company has demonstrated its intent to take the brand to a supreme level, addressing the market needs and preferences of consumers across the length and breadth of India.

Related Keywords: Amazon.com Inc, bring fresh competition, jackets and dresses under names like Goodthreads and Paris Sunday, now planning to foray, offering office clothing, private label sportswear, Pushing into active wear, some of the world’s biggest athletic brands, tapping some biggest athletic apparel supplier, ventured into private-label fashion

Amazon.com Inc has ventured into private-label fashion, offering office clothing, jackets and dresses under names like Goodthreads and Paris Sunday, is now planning to foray into private label sportswear, tapping some of the biggest athletic apparel supplier. Pushing into active wear would bring fresh competition to some of the world’s biggest athletic brands.

Related Keywords: Buyers made forward deals, buyers and sellers, buying of second grade lint, cotton bales, Cotton market, looking for better grades, month's delivery period, on higher side, remained busy in price wars, second grade of cotton, stable physical prices, trading session

Trading session at cotton market witnessed buying of second grade lint on the higher side with stable physical prices. Buyers also made forward deals for a month's delivery period in second grade of cotton. On the other hand buyers and sellers looking for better grades remained busy in price wars to make deals.

Most deals for second grade of lint changed hands at around Rs 6,500 per maund, during trading session in Punjab and Sindh stations. Raw grades of lint changed hands at Rs 5,975-Rs 6,000 per maund, depending on trash level during trading session.

Related Keywords: Bal Tekstil, Carpets woven, IKEA, longitudinal thread, made from polypropylene, mixture of cotton and polyester, Pile thread, professional manufacturer of carpets and rugs, signed supply contract, South Kazakhstan regions, Special Economic Zone, Sweden international home furnishings retailer, three kinds of threads, transverse warp thread is jute

Bal Tekstil, professional manufacturer of carpets and rugs in Ontustik, the South Kazakhstan region’s special economic zone, since 2011 has signed a supply contract with IKEA, Sweden’s international home furnishings retailer.

Carpets are woven from three kinds of threads. The transverse warp thread is jute, which is produced in Bangladesh, where they buy it. A longitudinal thread is a mixture of cotton and polyester. They import it from India or China. Pile thread is made from polypropylene, but polypropylene has to be purchased in Russia.

Related Keywords: crude oil prices, Ethylene prices in Asia, Ethylene prices in Europe, ethylene prices in USA, European naphtha prices, meg prices in Asia, MEG prices in Europe, MEG prices in USA, Mono-ethylene glycol prices, naphtha prices, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, pfy price in China, pfy price in India, polyester chip prices in Asia, polyester filament yarn prices, polyester staple fibre prices, psf price in China, psf price in India, PTA prices in Asia, PTA prices in Europe, PTA prices in USA, purified terephthalic acid prices

Crude oil prices rose in September due to disruptions in US gulf coast aftermath Hurricane Harvey while geopolitical instability in Iraqi Kurdistan aided Brent to register its strongest third-quarter price performance since 2004. US crude prices jumped 4.2% on the month while Brent rose 7.6% as compared to previous month’s average. For September, Asian spot naphtha prices were up 10.4% on the month.

In China, offers for 32s polyester yarn in Shengze were pegged stable in the last week of September which ended on 29th September 2017. In China, spun polyester yarn offers were steady supported by firm prices in the polyester staple fiber market during the week. Prices were gradually turning stable-to-soft during the week while sales volume of some individual specs were moderate.

In India, polyester yarn offers were revised down after inching up in the previous week. Polyester yarn 30 knit yarn prices declined INR2 a kg (down US cents 7 a kg on the week) in Ludhiana market.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

Asian PTA prices were up US$5 a ton CFR China and CFR Southeast Asia in the last week of September which ended on 29th September 2017. In China, offers for bonded goods were up US$5 a ton and discussions for nearby month cargoes were talked in that range. Yisheng Petrochemical raised its self-lifting price by US$5 from previous week while Hengli Petrochemical kept stable offers.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Related Keywords: aiming to remove difficulties, appealed to ministries of finance and industry and trade, finding tough to sustain, following feedback and recommendations, high cost of importing raw material, many domestic enterprises, not to increase import tariffs, polyester fibre, textile and garment enterprises, Vietnam Textile and Apparel Association, Vitas

The Vietnam Textile and Apparel Association (VITAS) aiming to remove difficulties for textile and garment enterprises, following feedback and recommendations of many domestic enterprises that they are finding it tough to sustain due to high cost of importing raw material, has appealed to the ministries of finance and industry and trade not to increase import tariffs on polyester fibre from zero to 2 percent.