Asian PTA prices were up US$8 a ton CFR China and CFR Southeast Asia in the third week of January. Purified terephthalic acid prices were up in Asian markets in line with the rise in raw material paraxylene values and amid talks of tightening supply. According to sources, there were buying inquiries seen from India recently, but the prices in China's domestic market remained more attractive than exports.
Polyester yarn price rolls over in Asian markets
In Shengze, offers for 32s polyester yarn were steady in the third week of January. In Qiangqing, 32s weaving yarn was up US cent 1 a kg on the week.
Polyester yarn offers in China were stable amid thin transaction as producers had mostly shutdown units for the coming holiday and while downstream held low buying interest throughout the week. Prices of polyester yarn were stable in spite poor enquiry and transaction. Demand will remain thin before the Spring Festival holidays.
Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan
Export of jute items from Nepal to India resumes
Related Keywords: as guarantee, consignments of Nepali jute traders, decision on imposing CVD, Export of jute products from Nepal to India resumed, fund will be refunded, Indian Customs Office agreed to release, Indian market, keeping the countervailing duty, once Indian government revisits
The export of jute products from Nepal to India has resumed after the Indian Customs Office agreed to release the consignments of Nepali jute traders to the Indian market keeping the 12.5 percent countervailing duty (CVD) as a guarantee.
The Indian government had imposed 12.5 percent CVD on Nepali jute products like jute sacks and hessian jute fabric from December 15, thereby completely halting export of jute products to India.
India is Nepal’s largest jute importer. According to traders, more than 90 percent of jute products manufactured in Nepal is exported to India.
Prices likely to remain high at cotton market
Related Keywords: abolition of four percent duty on cotton imports, Cotton market, Dull trading was record, Ex Karachi rates remained unchanged, Karachi cotton exchange, little deals were booked, PCGA, prices increased across the globe, Prices to remain high, sellers and buyers wait for cotton arrivals data, spot spot rates stood unchanged
Dull trading was record at cotton market on Thursday by the Karachi Cotton Exchange. The spot spot rates stood unchanged at Rs6,650/maund (37.324kg) and Rs7,127/40kg.
Ex-Karachi rates also remained unchanged at Rs6,785/maund and Rs7,272/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
KCE recorded domestic transactions of around 2,500 bales in between Rs6,300/maund to Rs7,000/maund from three stations that included Sultanabad, Punj Moro and Bahawalpur.
Xianyang Textiles installs ZinserRing 71 a perfect solution to reduce cost
Related Keywords: conjunction with Autoconer package winding machine, increase spinning speeds, installs new Zinser Ring spinning system, latest requirements in the Asian textile industry, perfect solution, produce more using less electricity, reduces spinning cost, Schlafhorst, State-run Chinese yarn producer, without risk of yarn break, Xianyang Textiles Group
The state-run Chinese yarn producer Xianyang Textiles Group installs new Zinser Ring 71 spinning system in conjunction with the Autoconer package winding machine from Schlafhorst. The ZinserRing 71 is the perfect solution for the latest requirements in the Asian textile industry.
Due to the increasingly difficult issue of workforce availability, spinning mills must make themselves less and less reliant on personnel. Delivery of any desired yarn at a guaranteed quality and at an unrivalled price-performance ratio is what companies want from their modern machinery.
Rs 1,555 crore budget outlay to benefit garment exports
Related Keywords: boost employment in the garment segment, Budget for textiles. Budget outlay for remission of state levies, decrease in Customs duty, garments and made-ups segment of textiles, greatly benefit exports, nylon mono filament yarn, PM Paridhan Rojgar Yojna, Smriti Irani, thanked for more than six crore provision, Union Minister
Union Minister Smriti Irani thanked for the Rs 6,226.50 crore provision in the Budget for textiles. She further added that the Rs 1,555-crore outlay in the Budget for remission of state levies will “greatly benefit" exports in the garments and made-ups segment of textiles.
Irani said that for the first time, the Budget has provided Rs 200 crore under PM Paridhan Rojgar Yojna to boost employment in the garment segment.
The decrease of 2.5 percent in Customs duty on nylon mono filament yarn will have a positive impact on the fishing net export market.
International Istanbul Yarn Fair begins
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The world second biggest Yarn Fair bringing the international textile industry together, this year the 14th International Istanbul Yarn Fair 2017 will again host participants and visitors from various countries to become the sales and marketing platform that shapes the international yarn trade and textile production.
Strong demand for quality cotton kept prices firms
Related Keywords: Buyers keen to build up stock, cotton bale, Cotton market, Cotton prices remain firm, equally not ready to pay extra price for lint. sellers knowing about shortage of quality cotton, fully exploit the situation, KCA, spot rate unchanged, strong demand for quality cotton
Cotton prices remain firm with strong demand for quality cotton on Wednesday at cotton market. Buyers were keen to build up stock but they were equally not ready to pay extra price for the lint. Whereas, sellers on their part knowing about the shortage of quality cotton wanted to fully exploit the situation.
Both sellers and buyers tried to turn the situation in their favour. Nevertheless, needy spinners managed to finalize some deals at high rates as they were not ready to take risk due to rising cotton prices in most of the world markets.
WoolVisions a really interesting blend with merino wool gain recognition
Related Keywords: best insulating of apparel fibres, driest, fabric blend, gaining recognition, lightest, offer superior performance to merino wool alone, only hybrids blending merino wool, top makers and spinners seeing the merits of WoolVisions, with polypropylene, WoolVisions by CoolVisions, WoolVisions fabrics
WoolVisions by CoolVisions is gaining recognition as a fabric blend that can help offer superior performance to merino wool alone. WoolVisions fabrics are the only hybrids blending merino wool with polypropylene, the lightest, driest, and best-insulating of apparel fibres, the company reports.
Tekstil Trans Ltd opens new textile factory in Kyrgyzstan
Related Keywords: help reduce Kyrgyzstan dependence, import of textile products, in Kyrgyzstans northern Chui province. Prime Minister Sooronbai Jeenbekov, lowering production cost of domestic sewing industry, namely fabrics, opened a new textile factory, pening of enterprise, Tekstil Trans Ltd
Tekstil Trans Ltd has opened a new textile factory on February 1 in Kyrgyzstan’s northern Chui province. Kyrgyzstan’s Prime Minister Sooronbai Jeenbekov at the opening ceremony, said that opening of this enterprise will help reduce Kyrgyzstan’s dependence on the import of textile products, namely fabrics, which will allow lowering the production cost of domestic sewing industry.
The total cost of the new textile factory project is $9.5 million, including $7.5 million provided by the Russian-Kyrgyz Development Fund.
