News Tags

Asian MEG prices edged down US$4 a ton CFR China and CFR South East Asia in the last week of July. In China, offers for nearby-month were pegged at US$620-625 a ton, and counter offers were at US$615-620 a ton. Bonded goods and forward-month were US$5 a ton higher over nearby-month goods.

Mono ethylene glycol spot prices and futures declined on profit taking, despite spot cargoes traded up opening the week and peaking on Thursday before retreating by weekend. In China, MEG markets were in fluctuation that week, with domestic and import cargo prices down from previous week.

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 fell US$27 a ton FOB Korea and CFR Taiwan/China in the last week of July. Paraxylene prices in Asian markets plunged weekend and on the week as downstream PTA markets was sluggish while August contract prices of major producers were lowered.

Meanwhile, mixed xylene market gradually widened from flat to a contango while spot prices remained unchanged amid thin liquidity. Demand for orthoxylene was sluggish as downstream still weak.

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

In China, semi-dull FDY70D/24F prices were up US cents 2-3 a kg in the last week of July while FDY40D were stable during the week. Nylon DTY 70D/24F prices were up US cents 5 a kg while 30D/10F rose US cents 8 a kg on the week. Nylon staple fiber 1.5D prices were flat while monofilament 30D prices were steady during the week.

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

Asian caprolactum markers, the SE and FE were unchanged in the last week of July. In China, offers for liquid spot were up US$50 a ton while solid goods offers rose US$20 a ton on the week.

Caprolactum prices edged up further that week on moderate demand and tight supply in China, while other markers rolled over. CPL producers reduced operating rate and pushed for higher prices. In China, liquid CPL offers in spot market were quoted higher while discussions followed through.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices

Related Keywords: adversely affected by anti dumping duty on PTA, benefit giant industries monopolize yarn manufacturing business, Finance ministry of India decision to impose definitive anti dumping duty, high import duty will prevent small spinners in Surat, iporting PTA, main raw material, manufacturing of yarn, MMF hub, Purified terephthalic acid, Surat

Surat, India's largest man-made fabric (MMF) hub to be adversely affected by the decision of Government of India's finance ministry to impose definitive anti-dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia.

As per the government notification, the PTA imports from China, Iran, Taiwan, Indonesia and Malaysia will attract duty ranging from $85.67 per tonne to $168.76 per tonne. The high import duty will prevent small spinners in Surat and other places in the country from importing PTA, main raw material for manufacturing of yarn.

Related Keywords: cotton trading, fall in supplies by China and India, Indian Shankar-6 variety of cotton, international market, lower production and increased consumption, new crops available in market, rise in cotton prices, short-term hike, start declining from November, top choice of Bangladeshi importers, two major cotton producers and consumers, USDA

In International market cotton was traded at 77 cents from 62 cents three months ago, a rise by 24.19 percent due to a fall in supplies by China and India, two major cotton producers and consumers. Six months ago the price was below 60 cents, according to industry insiders.

According to Hissam Khandker, director of Delcot Enterprise Ltd, a leading cotton importer of Bangladesh, it is a short-term hike. He hopes that the price will start declining from November when new crops will be available in markets.

Related Keywords: held next September, help exporters identify Iranian requirements, launching a series of exhibitions in a number of Iranian cities, market products in Iranian markets, opened a center in Tehran for Syrian exports, Syrian Exporters Union, Syrian goods, Syrian textile exhibition, To start with an exhibition of textile products

The Syrian Exporters’ Union to help exporters identify Iranian requirements of the Syrian goods and market their products in the Iranian markets opened a center in Tehran for Syrian exports during a visit by a delegation from the Union, businessmen exporters and producers to the Iranian capital last week.

The Exporters Union also announced preparations for launching a series of exhibitions in a number of Iranian cities in some productive sectors which are marketable in the Iranian markets. To start with, an exhibition of textile products will be held next September.

Related Keywords: bringing cotton spinning to Manchester, cotton-spinning line takes up the entire top floor, east of Manchester, EFC, English Fine Cottons, growing international demand, high quality British textiles, restored mill in Dukinfield

English Fine Cottons (EFC) is bringing cotton spinning to Manchester after a near 30 year hiatus. It has restored a mill in Dukinfield, to the east of Manchester, that was built in 1853 and stopped spinning a century later. A 56m-long cotton-spinning line takes up the entire top floor after growing international demand for high quality British textiles.

The £5.8m project is expected to create 120 jobs over the next 18 months. The initial capacity will be 500 tonnes a year, a tiny fraction of UK demand, but there are hopes for rapid growth.

Related Keywords: conduct census, development of handloom sector, enable weavers to lodge complaints with the minister directly, fabric renowned designers, give suggestions, headquartered at the union ministry of textiles, joined hands with textile ministry, launch a national helpline for weavers, promote hand woven fabric, Union textile minister Smriti Irani

Union textile minister Smriti Irani at the second National Handloom Day celebrations at Swatantrata Bhavan, Banaras Hindu University on Sunday made an announcement to launch a national helpline for weavers to be headquartered at the union ministry of textiles that will enable weavers to lodge complaints with the minister directly, and also give suggestions for development of the handloom sector. Apart from a census of them.

Related Keywords: benefit entire textile industry, dye stuff and chemicals, green technology and waste water technology, include eight for the spinning sector, ITME India, launch twenty new products, new and exclusive hall for digital printing, nine for weaving, seven for processing, testing and measuring equipment

At the 10th India International Textile Machinery Exhibition (ITME) to be held in Mumbai in December this year as many as 25 new products will be launched which would benefit the entire textile industry, include eight for the spinning sector, seven for processing and nine for weaving, said Chairman of India ITME 2016, Sanjiv Lathia.

Apart from new products, 162 new companies, including 32 from abroad, will participate and showcase their products at the six-day event beginning December 3.