Asian paraxylene prices fell US$32.33 a ton CFR Taiwan/China and FOB Korea in the second week of April. Isomer-grade mixed xylene was up US$19 a ton FOB Korea on the week.
Paraxylene prices receded sharply on the first three days of the holiday shortened week, only to inch up later, but posted decline on the week across Asian markets. Upstream, Isomer grade mixed xylene prices strengthened but weak downstream PTA markets pressured paraxylene down.
India has withdrawn the countervailing duty (CVD) imposed on import of jute products from Nepal. The anti-dumping duty, however, continues. A Gazette notification on April 20, said that Nepal is eligible to get exemptions from additional duties on jute sacks and bags similar to Bangladesh which was granted the exemption in February 2011.
Karachi Cotton Exchange on Tuesday witnessed dull trading as buyers still remained away from the market after yarn and fabric sales were not picking up in the international markets.
The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg. Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
India’s Aditya Birla Group has announced launch of Birla Cellulose’s ‘Liva Crème’ brand, after making a remarkable attempt of transforming VSF into a high quality aspirational brand, popularly known as ‘Liva’ which had never been tried in the Indian textiles industry.
Việtnamese textile and apparel sector has set a target of seven percent growth over 2016, with total export earnings of over $30 billion. It stands chance of achieving its export target this year despite facing many challenges in exporting to key markets, such as the European Union (EU) and the United States, according to experts.
One of the greatest problems of the textile industry, management of textile waste, has been solved by a design and research team from the College of Human Ecology. They have developed the Fiberizer v.2, a machine that challenges the national problem of textile waste by taking old garments and recycling them into reusable fabric.
The team — organized by Prof. Tasha Lewis, fiber science and apparel design — consisted of students from fiber science and apparel design, design and environmental analysis, physics, mechanical and aerospace engineering, and materials science and engineering.
The Textile Association of India (TAI), Vidarbha in collaboration with Indian Textile Accessories & Machinery Manufacturers’ Association (ITAMMA) organized a workshop on ‘Creating the ecosystem for innovation & technology development. The main theme of the workshop is to discuss how the Textile Industry can help to create an ecosystem for innovation and R&D in textile engineering industry.
In China, FDY70D/24F SD prices declined US cents 6 a kg while FDY40D also fell US cents 6 a kg on the week. DTY 70D/24F prices were down US cents 6 a kg while 30D/10F remained unchanged on the week.
Monofilament 30D prices dropped US cents 7 a kg while nylon staple fiber 1.5D prices were stable during the week.
Nylon filament yarn prices inched down further, but at a slower pace as cost pressure eased with the weakening of nylon chips price and caprolactum range bound in weakness. With falling yarn prices, demand may warm up following inventory digestion.
Asian caprolactum markers, the SE and FE rolled in the second week of April. In China, spot liquid caprolactum offers were up US$80 a ton on the week.
Caprolactam prices rebounded mildly in China that week on the back of recovering benzene over the past three weeks and amid bargain hunting activities. Offers from East Europe and japan origin caprolactum were cheaper following their rigid stand in the past weeks.
Cotton Council International (CCI), the National Cotton Council’s export promotions arm, is conducting this special trade mission under which twelve executives from Bangladeshi textile companies will travel across the U.S. Cotton Belt to get a closer look at COTTON USA and learn more about U.S. cotton, the world’s preferred fiber.
During the special trade mission set from April 30 to May 6 , the group of Bangladeshi textile executive will participate in multiple meetings with U.S. cotton exporters to help facilitate the export of U.S. cotton.
