Asian paraxylene prices edged down US$5.33 a ton CFR Taiwan/China and FOB Korea in the second week of February. Isomer-grade mixed xylene declined US$20 a ton FOB Korea a ton on the week.
Paraxylene prices fell weekend and on the week in Asian markets on weaker sentiment and heavy selling as April offers fell to just above the spot. Isomer mixed xylene also fell as demand stayed sluggish. Buying power from China and Taiwan was weak.
India is expected to be self-sufficient in silk production by 2020 with an annual growth rate of 19 percent, the aim is to produce around 34,000 MTs. At present the output is 28,000 MTs (metric tonne) to 30,000 MTs and the production is growing year to year, said Central Silk Board (CSB) Chairman K M Hanumantharayappa.
China produces 80 percent of global silk output, while India's share is 13 percent, while the production in other countries account for the remaining 7 percent.
India has been declared the winner of "Best Country Award" for exhibit curated by IMG Reliance at the International Fashion Showcase (IFS) during London Fashion Week, yet another benchmark for Indian fashion and design industry. The British Council, British Fashion Council (BFC) and Mercedes-Benz announced India as the winner of "International Fashion Showcase Country Award" at a prize-giving ceremony at Somerset House, London, beating 25 other nations judged by a panel of industry experts.
Grade issue forced leading buyers to make cautious deals during trading while the market sentiment remained firm, floor brokers shared. Forward trading for a period of a month also took place.
According to traders at the Karachi Cotton Association (KCA). KCA kept the spot rate intact at Rs 6,650 per maund in order to provide support to weak stakeholders of raw grade to ward off the minimal price level.
Milano Unica Pavilion to feature again at the Intertextile Shanghai Apparel Fabrics 2017 Spring Edition at premium Salon Europe area in March, following a highly successful showing last October. The pavilion is by invitation only, recorded a 20 percent increase in buyers compared to the previous Autumn Edition of Intertextile Shanghai, with Milano Unica pleased with not just this growth but a rise in the quality of the buyers too. They registered an important increase in high quality clients, said Mr Ercole Botto Poala, President of Milano Unica commented as the fair closed last year.
The textile dyeing and printing mills at Sachin GIDC which require around 60 million litre per day (MLD) of water, against which around 50% is managed through private tankers, a huge additional cost for unit owners, which is getting unbearable now.
Following acute shortage of water for the last two months, about 60-odd textile units are on the verge of closure. Forget about running the mills, thousands of workers employed in the mills are not even getting water to drink.
Pakistani exporters need to fully concentrate on enhancing their exports to the potential markets of EU countries, as the GSP plus facility granted by European Union to Pakistan will remain intact by December 31, 2023, said Federal Minister for Commerce Engineer Khurram Dasttgir on Monday while addressing a function in Faisalabad Chamber of Commerce and Industry (FCCI).
In China, FDY70D/24F SD prices jumped US cents 14 a kg in the second week of February, while FDY40D were up US cents 15 a kg on the week. DTY 70D/24F prices also surged US cents 13 a kg and 30D/10F were up US cents 7 a kg on the week.
Monofilament 30D prices were up US cents 7 a kg while nylon staple fiber 1.5D prices soared US cents 14 a kg on the week.
Nylon filament yarn producers hiked offers further to relieve cost pressure as prices of nylon chip and caprolactum picked up. Demand also picked up as converters resumed operations.
Asian caprolactum prices were up US$80 a ton SE and FE in the second week of February while East European goods were also up on the week.
Caprolactum prices were lifted citing tight supply and on the back of strong benzene. In China, offers for liquid and solid goods edged up on cost support.
In China, offers for ring‐spun 30s weaving yarn in Xiaoshan were up US cents 4 a kg in the second week of February, while compact siro‐spun 40s yarn in Jiangsu was up US cents 3 a kg on the week.
Spun viscose yarn makers gradually returned in China, but offers mostly inched up from the pre-holiday levels due to cautious mood among the makers. Fresh deals were gradually following up.
