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Asian PTA prices were down US$9 a ton CFR China and CFR Southeast Asia in the third week of November. In China, offers for nearby-month goods values were slightly down from last week.

Purified terephthalic acid prices weakened in Asian markets on tepid and weaker futures pushed Chinese prices lower. Trade activities were thin. In China, the previous week’s uptrend did not continue into that week. Domestic PTA market was affected by the huge changes on PTA futures, which returned to the same level as before market prices moved up.

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

Related Keywords: fashion and lifestyle sector, First edition of Wool Conclave, focus on potential of wool, India Fashion Forum, kicked off, luxurious and natural fibre, natural fibre, promote wool industry in India, Woolmark Company

The first edition of Wool Conclave was kicked off on Wednesday by the Woolmark Company along with the India Fashion Forum (IFF) to promote the wool industry in India with a focus on potential of wool as luxurious and natural fibre for fashion and lifestyle sector and how India and Australia can work in tandem to multiply and support wool.

Designer Ritu Kumar shared her thoughts on how Indian art and craft and its journey globally, along with few other members from different brands.

Related Keywords: air and water permits, ethylene, greenfield crackers, Indorama Ventures, Louisiana, modern production facility, mono ethylene glycol, proceed with construction, propylene, purified ethylene oxide, revamp abandoned ethane cracker, sat idle, site in Carlyss

Indorama Ventures to revamp the abandoned ethane cracker site in Carlyss, Louisiana, which has sat idle on a 250-acre site since 2001 took a critical step towards breaking ground at the dormant Occidental Chemical Corp and proceed construction investing $175 million after receiving the air and water permits required.

Officials with Indorama Ventures said that issuance of a water permit in June and air permit in August keeps it on track for a scheduled fourth quarter 2017 startup.

In China, ASF prices rolled over in Yuan terms in the third week of November but were down US$2 a kg due to weak currency. Medium-length fiber and cotton-type staple were stable during the week. Offers for Taiwan origin 3D bright ASF tow were unchanged, while regular specs were steady on the week.

Acrylic staple fibre prices were stable across markets in Asian seeing steady downstream demand and normal liquidity. However, weak currency in China and India pegged prices down in US$ terms.

Related Keywords: acrylic staple fibre, acrylonitrile prices, ASF prices, asf prices in China, asf prices in India, asf prices in Pakistan

Asian ACN prices plunged US$49 a ton CFR Far East Asia in the third week of November while Southeast Asia down US$45 a ton on the week.

Acrylonitrile prices in Asian markets declined sharply on the week on thin demand, supply returning after completion of turnarounds and moderating deepsea offers. However, producers were reluctant to lower offers.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene

Related Keywords: affecting powerloom sector, cotton price, declining slowly, demonetization, Erode Powerloom Owners Association, fix price, high production cost, huge quantity of cloth, of All Traders and Industries Association, power looms in Erode closed down, powerloom owners, stability of cotton and yarn prices, Textile Ministry

Cotton price that stood at Rs 52,000 a bale (172 kg) some months back has started declining slowly which is now available at Rs 46,000 to Rs 48,000 a bale. A steep decline in yarn prices is affecting the powerloom sector. About 2,000 of the about 10,000 power looms in Erode and surrounding areas closed down in the last three days, with the danger of many more following suit, according to a senior official of Erode Powerloom Owners Association.

Related Keywords: accumulate maximum stock, bullish, cheap Indian yarn, cotton imports from India, cotton prices remained higher, cotton yarn imports, gain momentum, Leading spinners, Pakistan cotton market, quality cotton, remove indirect ban, striking big lot deals, trading activity

Trading activity at Pakistan cotton market remained bullish with leading spinners indulged in striking big-lot deals to accumulate maximum stock of quality cotton which was still available in abundance though first picking is about to come to an end. As a result, cotton prices remained higher, brokers said.

Buyers were not ready to give up their buying drive in order to build up their stocks, although there were rumors in the trading ring that the government may remove indirect ban on cotton imports from India.

Related Keywords: cutting, design and printing, digital networking of automated processes, Digital Textile Micro Factory, DITF, end processing, Heimtextil, home textile industry, large-format inkjet printing, partnership with Dutch academic institute, present entire chain of digital textile production, textile printing, trade fair for home and contract textiles

At the Heimtextil trade fair for home and contract textiles to take place in January in partnership with the Dutch academic institute DITF (Deutsche Institute für Textil und Faserforschung) to present the entire chain of digital textile production that will include a ‘Digital Textile Micro Factory’.

Related Keywords: agreement to merge, entire distribution network, European partner Woolrich, future growth and development, global workforce, industrial assets, industrial deal, new holding company, North American market and worldwide, owned by WP Lavori in Corso, rights associated, Woolrich brand, Woolrich Inc

Woolrich Inc., announces the completion of an agreement to merge with European partner Woolrich owned by W.P. Lavori in Corso. A new holding company will be responsible for leading and accelerating the future growth and development of the Woolrich brand, both in the North American market and worldwide. The agreement includes all of the entity's industrial assets, the rights associated with the brand and the entire distribution network.

Related Keywords: Collector Krishna Bhaskar, cooperate in developing Textile Park, delay in providing subsidy, drainage canals and water supply, extend fifty percent financial, proposals submitted, reinstate closed units, Separate electric line, Telangana government, uninterrupted power supply

Collector Krishna Bhaskar avowing that the Telangana government will indubitably cooperate in developing of Textile Park in the district for which proposals were already submitted to extend 50 percent of financial help on behalf of the government to reinstate the closed units. About 26 units in the textile park were closed due to delay in providing subsidy and other reasons. Also various units established in the park still have to pay Rs 10 crore to the banks.