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In China, offers for ring‐spun 30s weaving yarn in Xiaoshan fell US cents 2 a kg in the third week of May, while compact siro‐spun 40s yarn in Jiangsu declined US cents 4 a kg on the week. Viscose spun yarn prices declined in line with the VSF markets in China and Pakistan.

Liquidity in China was generally insipid, except for core‐spun yarn and a few high‐count yarns. Some yarn makers reportedly piled up inventory worth 30 days. However, given the fund pressure, some makers were heard to offload goods, while some intended to extend the holidays for the Dragon Boat Festival.

Related Keywords: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

In China, PC (65/35) 32s yarn prices remained unchanged in the third week of May in Zhejiang, while 45s PC combed yarn prices rolled over on the week. Blended yarn prices moved in tandem with the recent changes in fibre prices. In China, PC yarn prices rolled over reflecting firm cotton prices while PSF prices stopped declining, even bottoming out in the week.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Related Keywords: Asia, China and India leading the way, Chinese government, construct new naphtha crackers, focus on developing seven 
refining, India on the verge of reaching major milestones, merge several of its 13 state-owned oil and gas cos, petrochemical, petrochemical bases, renewed push to build and upgrade refineries, undergoing major structural shifts

Asia is undergoing major structural shifts in petrochemical with China and India leading the way. There’s a renewed push to build and upgrade refineries, and construct new naphtha crackers.

Amber Liu, senior manager at ICIS, speaking at Asia Petrochemical Industry Conference (APIC) held in Sapporo Japan said that by 2021-2022, there could be about 10 new naphtha crackers on stream. In the past, these would be built by only the major companies such as PetroChina and Sinopec. But now a number of private companies are planning these projects.

Related Keywords: as sellers of ethylene, Asia witnessed plummet in ethylene prices this week, bearish downstream product demand, due to tedious buying interest, ethylene market likely remain bearish, forced to reduce prices, KPIC plans to restart its cracker, pricing trends, sharply lower across the Asia region, sufficient product availability

Asia witnessed plummet in ethylene prices this week, as sellers of ethylene were forced to reduce their prices sharply lower across the Asia region due to tedious buying interest, sufficient product availability and bearish downstream product demand and pricing trends.

FOB Korea prices of ethylene on Friday were assessed lower at the USD 980/mt levels, a fall of USD80/mt on the week.

Related Keywords: apparel industry, bring together the denim supply chain, brings into focus, Denimsandjeans, Denimsandjeans show in expectation of Vietnam FTA with EU, fifty global denim supply chain brands to join, important role denim plays in street wear, Pioneer of Denim Show, second edition in Vietnam this June, Street Style, theme of show

The pioneer of Denim Show - Denimsandjeans is ready for their second edition in Vietnam this June where 50 global denim supply chain brands to join. The theme of show is 'Street Style' and brings into focus the important role that denim plays in street wear.

A very timely aggregation of the apparel industry will happen at the Denimsandjeans show in expectation of Vietnam's FTA with EU becoming effective in 2018.

Related Keywords: allowed conditional reopening of textile units, any direction passed by tribunal, CETP, chart out surveillance mechanism, engaged in dyeing and printing of cloth, last eight months for flouting pollution norms, National Green Tribunal, NGT, Pali district of Rajasthan, punitive measures, Task force, to be complied with, units had been shut

The National Green Tribunal (NGT) has allowed the conditional reopening of 578 textile units engaged in dyeing and printing of cloth in Pali district of Rajasthan , with an assurance that any direction passed by the tribunal has to be complied with. These units had been shut for the last eight months for flouting pollution norms.

The Jodhpur bench of the tribunal, comprising Justice Jawad Rahim and member B S Sajwan, permitted the reopening of these industries.

Related Keywords: Bathukamma festival, distributed to women below poverty line, educating weavers, hands full of work, MACS, order for one crore Bathukamma sarees, Powerlooms in Telangana, produce the sarees within three months, small scale industries, Textile Park, two varieties of polyester sarees, utilise the opportunity

The powerlooms in Telangana have already been given orders for school uniforms under the Rajiv Vidya Mission as well as bedsheets and blankets for hospitals. Moreover, the state government has given order for one crore Bathukamma sarees, with which the powerloom weavers of this textile town will now have their hands full of work.

They are now being asked to produce Rs. 200 crore worth sarees to be distributed by the State government to women below the poverty line during the Bathukamma festival.

Related Keywords: hold back the decision, industrial consumers, intervention of chief minister Amarinder Singh, June this year, NITMA, Northern India Textile Mills Association, order hike in peak load tariff, PSERC, Punjab State Electricity Regulatory Commission

Punjab State Electricity Regulatory Commission for industrial consumers to order hike in peak load tariff from June this year in the state against which Northern India Textile Mills Association (NITMA) has sought intervention of chief minister Amarinder Singh to hold back the decision.

Related Keywords: allocated to manufacturing expansion, both in India and offshore, capacity and retail expansion this year, expansion in Amravati for cotton fabric, linen fabric, plans investment to the tune of Rs three hunderd fifty crore, Raymond, retail expansion, set up suiting manufacturing plant in Ethiopia, textile and apparel major

The Raymond, textile and apparel major plans investment to the tune of Rs 350 crore in capacity and retail expansion this year. Of which Rs 200 crore will be allocated to manufacturing expansion, both in India and offshore, while Rs 150 crore will go towards retail expansion, said Sanjay Behl, CEO, Raymond on Sunday.

The company will be setting up a large suiting manufacturing plant in Ethiopia in Africa that will be operational this year and has also undertaken a significant expansion in Amravati in Maharashtra for cotton fabric.

Related Keywords: appealed to save polyester filament fabric industry, does not meet, inefficient and outdated domestic PFY, Pakistan Yarn Merchants Association, PSF production, reduce custom duty on polyester filament yarns, Representatives of Pakistan textile industry, total demand of Pakistan

Representatives of Pakistan's textile industry and the Pakistan Yarn Merchants Association (PYMA) has appealed to Prime Minister Nawaz Sharif, Finance Minister Ishaq Dar, Commerce Minister Khurram Dastgir Khan to help save the polyester filament fabric industry from further disaster.

Around 300,000 knitting machines and looms have suspended operations during the last five years, resulting in directly and indirectly affecting a total of around 5 million people, Danish Hanif, chairman PYMA (Sindh-Balochistan Zone), said in the statement.