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MEG price jumps across all regions

Asian MEG prices jumped US$35 a ton CFR China and CFR South East Asia in the last week of January. Mono ethylene glycol markets in China extended their gains early that week amid bullish market outlook post-Lunar New Year and concerns about tighter supply in February. Prices were up on the week although the market was quiet as the main Chinese market was off for the Lunar New Year holidays.

In US, MEG spot climbed to a fresh 18-month high as February contracts are expected higher with continued pressure from rising Asian pricing. Spot MEG rose US cent 1.25 per pound on the week.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Paraxylene price hits 18-month highs in Asia

Asian paraxylene prices rose US$24.33 a ton CFR Taiwan/China in the in the last week of January. February paraxylene contract price was settled at an increase of US$50 a ton from January.

Paraxylene prices were up in Asian markets were at 18-month highs as regional supply was constrained by production issues, while market sentiment remained bullish as February Asian contract prices settlement was up from January.

Related Keywords: paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

Lenzing develops Refibra a new cellulose fiber with recycled cotton

Related Keywords: based on cotton scraps and wood, commercial scale, featuring recycled material, fiber produced in the Tencel production process, from nature, Lenzing develops first cellulose fiber, new fiber dubbed Refibra, reduces need to extract additional virgin resources, reduces net impact on ecological resources

Lenzing has developed the first cellulose fiber featuring recycled material on a commercial scale. The new fiber dubbed Refibra is based on cotton scraps and wood. The fiber is produced in the Tencel production process.

The new Tencel generation Refibra stands for “Reduce, Reuse and Recycle.”

Now Tencel, an environmentally responsible fiber of botanic origin, is the root of what Lenzing feels is likely the most sustainable fiber.

Drop in interest of Pakistani mills in Indian cotton amid unusual hike in price

Related Keywords: after period of eight months, amid unusual hike in price, India it would decrease, India via Wagah border crossing, Indian cotton, International cotton advisory committee, Pakistan resumed cotton imports, Pakistani mills owners, per hectare production of cotton in Pakistan would increase, significant drop in interest

Chairman of Pakistan Cotton Ginners Forum Ihsan ul Haq stated that Department of Plant Protection (DPP) halted cotton imports from India via the Wagah border crossing amid rising tensions between the two countries. However, the ban has been lifted after period of eight months and Pakistani authorities have permitted import of cotton via Wagah Border Crossing.

Pakistan resumed cotton imports from India via Wagah border crossing after period of eight months. But there has been a significant drop in interest of Pakistani mills owners in Indian cotton amid unusual hike in price.

Jharkhand Global Investments Summit to begin on Feb 16

Related Keywords: B toB indicator, gross domestic product of the state, growth rate, Jharkhand Global Investments Summit, Momentum Jharkhand Portas, organized to increase per capital income, Prime Minister Narendra Modi through video conferencing will address the summit, textile industry to be set up, to be held in February

The Jharkhand Global Investments Summit to be held on 16-17 February is being organized to increase per capital income, growth rate and gross domestic product of the state which will be addressed by Prime Minister Narendra Modi through video conferencing on February 16, said Jharkhand Chief Minister Raghubar Das.

Apart from well-known forty industrialists, 12 to 15 central ministers a would grace the occasion. Also teams from China and Australia would take part in the two-day summit.

Red Land Cotton launches 100 pc cotton heirloom linens

Related Keywords: an Alabama-based home linens brand, company collaborates with Cotton Incorporated, completely Made In America products, hundred percent cotton heirloom inspired linens, launching new lines, Madeline Gray, Red Land Classic, Red Land Cotton, started earlier last year, two ntroductory lines

Red Land Cotton, an Alabama-based home linens brand, started earlier in 2016 by Mark Yeager and his daughter Anna Brakefield is launching new lines of 100 percent cotton heirloom inspired linens. For the completely “Made In America” products, the company has collaborated with Cotton Incorporated.

Africa Sourcing & Fashion Week 2017 coming this October in Ethiopia

Related Keywords: Africa sourcing and fashion week, Africas main trade show, apparel, apparel fabrics, best platform for sourcing solution in Africa, fashion and fashionable accessories main items on display, home and technology industry, largest trade show for the cotton, leather goods, take place this October in Ethiopia, Textile, third edition

Africa’s main trade show, Africa Sourcing & Fashion Week 2017 third edition is the largest trade show for the cotton, textile, apparel, home and technology industry, and the best platform for the sourcing solution in Africa will take place this October in Ethiopia.

The largest exhibiting nations Turkey, the United Arabic Emirates, Tansania, Sri Lanka, Bangladesh, India, Italy and Germany will be coming to Ethiopia. Apparel fabrics, leather goods, fashion and fashionable accessories will be the main items on display.

Renewed buying interest seen at cotton market as prices low

Related Keywords: attracted many small spinners, Karachi Cotton Association, Low cotton prices, meet their day to day demand, Pakistan cotton market, result renewed buying interest, spot rates unchanged, who mostly depend on short covering

Low cotton prices attracted many small spinners who mostly depend on short covering to meet their day to day demand. As a result renewed buying interest was seen on Tuesday at the Pakistan cotton market.

Phutti (seed cotton) prices also came down and were being quoted in the range of 3,300 to 3,350 per 40 kilograms. However, reports from cotton fields suggested that very little phutti has left for picking.

Brokers said that leading spinners are currently preoccupied in payments against their imports and were conspicuous by their absence.

HeiQ, Patagonia to explore new ways for sustainable textile technology

Related Keywords: achieve breathable, best in class performances, durable water repellence, DWR, exclusive strategic research partnership, explore new ways for sustainable textile finishing technology, HeiQ, material innovation strategy, Patagonia, sustainable outdoor clothing brand, Switzerland-based textile technology innovator, teamed up

HeiQ, Switzerland-based textile technology innovator have teamed up with Patagonia a sustainable outdoor clothing brand for an exclusive strategic research partnership to explore new ways for a sustainable textile finishing technology to achieve breathable and durable water repellence (DWR) with best-in-class performances.

Haryana crafts new policy to become a global hub of textile manufacturing

Related Keywords: ensure growth and modernization existing textile industry, eye to make Haryana global hub of textile manufacturing, facilities for skill training, Haryana state government, packed with fiscal incentives, preferred investment destination, provisions for infrastructure augmentation, rafted new textile policy, setting up of new textile parks, units

The Haryana state government has crafted a new textile policy which is packed with fiscal incentives and contains provisions for infrastructure augmentation, setting up of new textile parks and units, facilities for skill training and ensure growth and modernization of the existing textile industry in the state.

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