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Asian PTA prices edged down US$8 a ton CFR China and CFR Southeast Asia in the last week of April. Yisheng Petrochemical’s selling price was lowered US$10 a ton while Hengli Petrochemical’s selling price remained unchanged on the week.

Purified terephthalic acid prices sobered further in Asian markets but slower than the fall in raw material paraxylene cost. In China, discussions for PTA were heard lower from the previous week. Since run rates at polyester units was still high, producers will have requirement to replenish inventories after the May Day holiday.

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

Related Keywords: boost aromatics production, Exxon Mobil Corp acquire refining and petrochemical plant, including paraxylene, JAC, meet demand in Asia, owned by Jurong Aromatics, raw material for textiles

Exxon Mobil Corp acquires refining and petrochemical plant owned by Jurong Aromatics (JAC) in Singapore to boost its aromatics production in Singapore to more than 3.5 million tonnes per year (tpy), including 1.8 million tpy of paraxylene, a raw material for textiles and bottles to meet demand in Asia.

The company expects to complete the transaction in the second half of 2017.

Gan Seow Kee, chairman and managing director of ExxonMobil Asia Pacific Pte Ltd. said that the plant will be integrated with Exxon Mobil’s existing petroleum complex on Jurong Island.

Related Keywords: attractive international prices, buoyed by the good prices, farmers are expected to plant twenty percent more cotton, have found it feasible to import, India cotton imports last time touched a record high, next season, south India, thirty lakh bales, this season cotton imports touched an all time high, when they were twenty five lakh bales

India’s cotton imports last time touched a record high was in 2001-02 when they were 25 lakh bales. But this season it’s cotton imports have touched an all-time high of 30 lakh bales. According to Pradeep Jain, a cotton ginner from Jalgaon, cotton imports have touched some 30 lakh bales this season because of attractive international prices while exports have been in the range of 20 lakh bales.

Buoyed by the good prices this season, farmers are expected to plant 20% more cotton in the 2017-18 season.

Related Keywords: better grades of lint, buyers made deals on slightly higher prices, domestic market, firm physical prices, Forward deals changed hands, Karachi Cotton Association, KCE, mills and spinners remained eager for quality lint, Moderate trading seen at the lint market, slightly higher price, trading activity remain slow

Moderate trading seen at the lint market with firm physical prices, while buyers made deals on slightly higher prices. Forward deals also changed hands for better grades of lint on slightly higher price at around Rs6,600 per maund in Sindh and Punjab stations. The Karachi Cotton Association (KCA) kept the spot rate at Rs 6,700 per maund.

According to floor brokers, buyers made deals for all grades besides deals for better and second grade of lint for blending purpose remained firm and deals changed hands at around Rs 6,575 per maund to Rs 7,000 per maund during the trading session.

Related Keywords: European wide distribution, German textile manufacturer, Krea, Kreas Speedy Outdoor textile, one of the products distributed by Igepa, shown for the first time at Fespa, signs deals with Igepa Group, textile products

German textile manufacturer Krea signs deals with Igepa Group for the European wide distribution of all of its textile products. The deal was signed on Igepa boost at Fespa, said Krea managing director Jörg Hippel. One of the products that will be distributed by Igepa is Krea’s Speedy Outdoor textile, which is being shown for the first time at Fespa.

Roll-out of Krea’s products will begin after the show to Germany, Austria and Switzerland, and then to other parts of Europe, including the UK and Benelux, in the next few months.

Related Keywords: allows companies to identify Refibra, Austrian fiber maker, developed a new identification system, introduced new eco friendly fiber, Lenzing, made from cotton scraps and wood, made from eucalyptus tree pulp, officially launched at Pemière Vision, producer of Tencel, Refibra, textile trade show in Paris, the closed-loop cellulosic fiber

Austrian fiber maker Lenzing producer of Tencel, the closed-loop cellulosic fiber made from eucalyptus-tree pulp, has introduced a new eco-friendly fiber made from cotton scraps and wood, Refibra officially launched at the recent Première Vision textile trade show in Paris.

Refibra is Lenzing’s latest effort to develop new textile solutions with the goal of creating a circular economy by recycling production waste.

Related Keywords: comprising international buying houses, fashion houses, importers, key stakeholders globally, luxury and retail brands, Ministry of Textiles planned roadshow, plans road shows, recognized as a must visit international event, reputed fashion designers, SRTEPC, textile expo aboard, Textiles India, to promote the event

Textiles India 2017 is recognized as a "must visit" international event for key stakeholders globally comprising international buying houses, importers, fashion houses, luxury and retail brands and reputed fashion designers said Synthetic and Rayon Textile Export Promotion Council (SRTEPC) chairman Narain Agarwal.

The event will host pavilions of focus countries such as the UK, the USA, Germany, Japan, China, South Korea, Kazakhstan, Turkey and Australia. The Ministry of Textiles has planned road shows in many of these countries as well as in Russia and UAE to promote the event.

Related Keywords: becoming more expensive, China accounts for sixty seven percent, high cost, import of Chinese textile goods, Indian exporters, Japan focusing on nine laboratories, Japan imports ninety seven percent of textiles, Japan looking to tap the textiles sector, Japan Textile Products Quality and Technology Centre, Ja[anese market, two are in Tamil Nadu

Japan imports 97 percent of textiles (worth $38 billion), of which China accounts for 67 percent, since the import of Chinese textile goods has become more expensive due to the high cost, Japan is focusing on nine of 19 laboratories, of which two are in Tamil Nadu, said K Phanindra Reddy, Principal Secretary, State Handlooms, Handicrafts, Textiles and Khadi Department.

Related Keywords: Cotton Assocation of India, cotton production, domestic cotton prices, marketing season, monsoon, overseas prices

With favourable weather and market conditions for the production of cotton, India is likely to witness a rise in the planting of this fibre by 15 percent in the 2017/18 marketing season to a three-year high as farmers switch away from other crops, likely boosting cotton production and exports.

Related Keywords: industry capacity building programme, QTEC (Japan Textiles Products Quality and Technology Centre), textiles exporters

In an industry capacity building programme conducted by the Textiles Committee and QTEC (Japan Textiles Products Quality and Technology Centre), Joint Director of Textiles Committee K.S. Muralidhara emphasized on textiles exporters who are focusing on the western market to explore opportunities in Japan