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Asian MEG marker gained US$13 a ton CFR China and CFR South East Asia in the third week of Asia. In China, spot offers were up US$10 a ton during the week. MEGlobal nominated Asian contract price for September, flat from last month.

Mono ethylene glycol prices jumped in Asia on bullish crude, futures and persistent short covering by major traders. Several traders were buying cargoes to cover both H1 and H2 September physical positions. In China, MEG market was pulled up midweek by tight spot supplies and continuous rise in crude oil prices.

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

Asian paraxylene prices gained US$14 a ton FOB Korea and CFR Taiwan/China in the third week of August. Paraxylene prices rose throughout the week in Asian market only resting on Thursday as crude rebounded sharply opening the week and rallied on Thursday. The paraxylene-naphtha spread also narrowed down rapidly during the week.

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

Related Keywords: cotton bales, cotton bales need to be imported, cotton prices unjustifiably high, cotton production to face shortage, cotton seed, Pakistan Cotton Ginners Association, Pakistan cotton sowing, prices of the commodity would ease., supply shortage, twenty five percent lower this year

With Pakistan’s cotton sowing remaining 25 percent lower this year compared to the last year, its cotton production likely to face a shortage of around 2.5 million cotton bales during current year, said Girdhari Lal of Pakistan Cotton Ginners Association.

Girdhari Lal further said that with country’s cotton demand hovers around 14 million bales while the production estimated at a little above 11 million bales. According to their estimates, around 2.5 million bales would need to be imported.

Related Keywords: an uneducated workforce and lukewarm global demand, Cambodia garment sector, facing a number of challenges, insufficient infrastructure, lagging behind as a global manufacturing hub, move up manufacturing value chain, political atmosphere, quest to cultivate its industry, such as regulatory obstacles, undiversifed economy, weak supply chain

Cambodia garment sector may find itself lagging behind as a global manufacturing hub as it is facing a number of challenges such as regulatory obstacles, insufficient infrastructure, an uneducated workforce and lukewarm global demand — in its quest to cultivate its industry and move up the manufacturing value chain. The country's political atmosphere, largely undiversified economy and weak supply chain only compound its troubles.

Related Keywords: bring Indonesia in top five rank, currently ranks tenth, export-oriented textile companies, including tax incentives, Indonesia in terms of textile and garment production as well as export, lower gas prices, preparing several incentives

Indonesia in terms of textile and garment production as well as export which currently ranks tenth (controlling a global market share of 1.8 percent) far behind China is preparing several incentives including tax incentives and lower gas prices for export-oriented textile companies that should bring Indonesia in the top five rank of the world’s largest textile and textile products export in the next couple of years.

Related Keywords: featured businessmen to businessmen meeting, International textile asia exhibition, machinery and equipments displayed, marked participation of over five hundred foreign delegates, more than USD three hundred fifty million deals signed, on first day of the mega textile fair, seminars on textile sector, USD one hundred sixty million orders booked

The three-day 16th International Textile Asia Exhibition, organised jointly by PRGMEA and Ecommerce Gateway, besides marking the participation of over 500 foreign delegates, orders worth $160million were booked on the first day while deals of more than $350 million were signed throughout the mega textile fair.

PRGMEA senior vice chairman Sohail Sheikh said that around 50,000 people visited the exhibition during first two days, while more than 100,000 visitors registered their presence in the textile fair in three days.

Related Keywords: achieve approximately thirteen million bales of cotton, coming season, cotton production, drain their fields properly, Federal textile board, help recover cotton losses, large number of farmers trained, Pakistan, Pink bollworm largely been controlled, suggestions for improvements in policies

Pakistan likely to achieve approximately 13 million bales of cotton production in the coming season that will help recover its cotton losses from last year. This was informed at the fourth meeting of Federal Textile Board (FTB) chaired by Federal Minister for Commerce Khurram Dastgir Khan held on Monday.

The stakeholders were informed by Pakistan Cotton Ginners Association (PCGA) and Cotton Commissioner that through close coordination between federal government and government of Punjab the Pink bollworm, which had damaged the cotton crop last year, had largely been controlled.

Related Keywords: East African Community, eighteen percent Value Added Tax, Government moves to phase out used clothes, hampering campaign, heavy custom duties, Made-in-Rwanda campaign, promote locally manufactured clothes, slowed down if more incentives not introduced, textile player, textiles manufacturers, twenty five percent levy on imported raw materials

Made-in-Rwanda campaign launched in 2014 might be slowed down if more incentives are not introduced by the Government to promote locally manufactured clothes. As heavy custom duties are hampering the campaign as the Government moves to phase out used clothes, textiles manufacturers, according to industrialists.

Related Keywords: Entrepreneurs in Western Tamil Nadu textile industry, gradual increase in exposure capital market, Integrated firms manufacturing, strong domestic demand, strong fund, sustained interest among investors, taking to Dalal Street, tapping public money, Tirupur based garment maker specializing in knitted apparel, volumes-driven business environment

Over the last decade, only a handful of entrepreneurs in Western Tamil Nadu's textile industry -KRP Mill, Ambika Cotton and Loy al Textile Mills being the prominent names have taken to Dalal Street and fared well after their IPO and sustained interest among investors over the decade. A strong domestic demand and a gradual increase in exposure to how the capital markets work appear to have pushed entrepreneurs towards the markets now.

In China, FDY70D/24F SD prices were up US cents 4 a kg in the third week of August while FDY40D jumped US cents 9 a kg on the week.

DTY 70D/24F prices were rose cents 4-7 a kg on the week while 30D/10F were up US cents 9 a kg during the week. Monofilament 30D prices rolled over while nylon staple fiber 1.5D prices rose US cents 9 a kg on the week.

Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China