In China, semi-dull FDY70D/24F prices were up US cents 3 a kg in the second week of July while FDY40D were flat on the week. Nylon DTY 70D/24F prices were up US cents 4 a kg while 30D/10F rolled over during the week. Nylon staple fiber 1.5D prices were unchanged while monofilament 30D prices were stable during the week.
VN's textile and garment firms at risk of missing export target for 2016
Related Keywords: at risk of missing their export target, attributed to FDI, burdening enterprises, encounter overlapping procedures, export value increased, increases in minimum wage, lack of export orders, local frims had difficulties getting new export contracts, propose wage freeze, reduced competitive ability, Vietnam garment and textile industry, Vitas
Vietnam’s garment and textile export value in the first half of this year reached US$12.6 billion, an increase of 4.72 percent over the same period last year, accounting for 41 percent of the sector’s annual target for 2016. But the growth in the industry’s export value was largely attributed to foreign direct investment (FDI) firms, while local firms had difficulties getting new export contracts, especially orders of shirts, trousers and jackets, said the Việtnam Textile and Apparel Association (VITAS).
Indian business delegation to visit Morocco to boost trade exchanges
Related Keywords: Agriculture, boost trade exchanges, etc, explore possibilities of partnership projects, give new impetus to cooperation, imports from India include cotton yarn, Indian business delegation, joint trade and industry chamber set up, Morocco, synthetic fiber, various sectors such as textile, visit North African country
An Indian business delegation is expected to visit the North African country, Morocco next week to boost further trade exchanges between the two countries and explore the possibilities of partnership projects in various sectors such as textile, infrastructure, energy, information technology, construction, agriculture, chemicals and fertilizers, mining, and automotive.
This visit comes one month after Morocco and India set up a joint trade and industry chamber to give a new impetus to cooperation between the two countries.
Blended yarn price moves up on surging raw material cost
In Qianqing, PC (65/35) 32s yarn prices moved up US cents 5 a kg in the second week of July while 45s PC combed yarn prices inched up on the week. 32s PV (65/35) were up US cents 6 during the week. Blended yarn prices took a sharp upturn in China due to surging raw material cost. Both cotton and viscose price have been on the steep uptrend due to supply shortage, mainly of the latter.
Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices
Viscose yarn becomes costly in China, India
In Jiangsu, 40s compact sirospun yarn prices jumped US cents 11 a kg in the second week of July while 30s spun viscose in Xiaoshan was up US cents 12 a kg on the week. Offers for ring-spun 40s yarn were up US cents 11 a kg during the week.
Viscose spun yarn markets saw liquidity improving, along with the terminal fabric demand. Prices tracked VSF movement, which have been mounting since the past couple of weeks. In Xiaoshan, offers for ring‐spun, rotor‐spun and siro‐spun yarn ascended amid tolerable inventory.
Related Keywords: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price
Pak apparel industry facing yarn shortage not able to take int’l order
Related Keywords: artificial shortage of cotton yarn, created by spinning, facing severe cotton yarn shortage, further price hike, ginning industry, holding stock, immediate removal of regulatory duty, international buyers planning to place orders for Christmas, local garment industry, not entertaining buyers, Pakistan apparel industry, PRGMEA, price factor
Pakistan apparel industry has been facing severe shortage of cotton yarn at a time when international buyers are planning to place orders for Christmas. The local garment industry due to price factor and especially owing to artificial shortage of cotton yarn created by the spinning as well as ginning industry, which are holding stock in the hope of further price hike, are not able to entertain the international buyers, said Pakistan Readymade Garments Manufacturers & Exporters Association (Prgmea) chief coordinator Ijaz Khokhar.
BWMB launches new British wool Premium label
Related Keywords: British wool marketing board, BWMB, carpets, launched the new British Wool Premium Label, owned by sheep farmers of UK, Partnership with manufacturers, promote higher content of British grown wool, rugs and other products, sits between wool producer, Textile Industry
The British Wool Marketing Board (BWMB) owned by the sheep farmers of the UK and sits between the wool producer and the textile industry has launched the new British Wool Premium Label Partnership with manufacturers that want to promote a higher content of British grown wool in their carpets, rugs and other products.
This allows quality manufacturers a chance to influence how much wool of genuine British origin is used in the blend of their ranges.
Moderate trading seen on back of brisk demand for fine grant lint
Related Keywords: all grades, Brisk demand, buyers made forward deals, cast positive on trading, Cotton market, fine and second grade lint, ginning activities, Improved activities in cotton growing belts, Karachi Cotton Association, market in firm frame past week, spot rate, textile and spinning sectors, traders, trading activity moderate
Brisk demand for fine and second grade lint kept trading activity moderate at cotton market on Saturday. Moreover buyers made forward deals in all grades that kept market in firm frame past week, said traders at Karachi Cotton Association (KCA).
The KCA kept the spot rate at Rs 6,500 per maund while fine grade fetched better prices at around Rs 6,600 per maund on higher demand.
Five more denim factories likely to come up in Bangladesh as demand soars
Related Keywords: Bangladesh emerged as strong player in denim market worldwide, Bangladeshi entrepreneurs supply denim products, five denim factories came into operation, four already gone into production, in last five years, local entrepreneurs started investing more, major global retailers and brands, rising demand for denim products globally
Bangladesh has emerged as a strong player in the denim market worldwide. As the demand for denim products is rising globally, local entrepreneurs have also started investing more in this sector. In the last five years five denim factories came into operation in Bangladesh of which four have already gone into production – Square, Nice, Thermax and Badsha. Bangladesh, now in total has thirty denim factories.
UK- Pakistan trade relation and signing of FTA on priority
Related Keywords: access to business opportunity, Belinda Lewis, British Business Centre, Deputy High Commissioner of the Great Britain, enhance bilateral trade, FPCCI, GSP Plus status, not impact the United Kingdom-Pakistan trade relations, Political changes after Brexit poll, signing of FTA top priority, UK third largest importer of Pakistani goods
Political changes after Brexit poll will by no means impact the United Kingdom-Pakistan trade relations and signing of free trade agreement (FTA) for enhancing bilateral trade is their priority, said Deputy High Commissioner of the Great Britain Belinda Lewis during a meeting with regional chairman and vice president Mian Rehman Aziz of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday.
