In China, semi-dull FDY70D/24F prices fell US cents 2 a kg in the fourth week of June while FDY40D were flat on the week. Nylon DTY 70D/24F prices were unchanged while 30D/10F were stable during the week. Nylon staple fiber 1.5D prices rolled over while monofilament 30D prices were steady on the week.
Nylon filament yarn prices rolled over on the back of flat nylon chip and caprolactum cost, with low‐end goods still available. Producers attempting to hike prices met with resistance.
Asian markers, the SE and FE declined US$10-40 a ton in the fourth week of June. In China, offers for liquid spot rose US$25 a ton while solid goods offers were up US$40 a ton on the week.
Caprolactum markets were mixed that week as prices firmed in China on the back of range‐bound raw material, while they were subdued in other markets due to weak demand. Both, Sinopec and Fibrant raised their nominations for June, pushed by existing losses.
At the ACIMIT’s annual meeting, where the latest data relating to Italian textile machinery was presented, sustainable technologies as an added value for the whole of the textile industry became the focus.
Indian Cotton Association Limited (ICAL) an apex trade body has stressed on the need for certain sops to sustain the cotton industry as there is considerable drop in the area under cotton crop in Punjab this season which has impacted the traders, ginners and exporters.
The cotton traders calling the policies of the state government unsupportive have demanded scrapping of the minimum monthly electricity charges for ginning industry, rationalization of tax structure with the neighbouring states and supply of power to spinning industry at lower rates.
The Munich Fabric Start is an international fabric trade fair, which takes place right on time for the start of the season semi-annually in Munich. Munich Fabric Start will be kicking off the Autumn/Winter 2017-18 season when it takes place from 30 August – 1 September 2016 in the MOC event center and the Zenith hall in Munich, Germany.
As the earliest international textile trade show, Munich Fabric Start opens the new season twice yearly with a vast selection of collections ranging from plains to haute couture fabrics and accessories.
Turkey is really good producer, and Russia a very good consumer, the two countries have been partners for nearly 25 years. To resolve the current problem between the two countries steps are taken towards the normalization of relation which are quite healthier and positive, while commerce will be along international norms, said Laleli Industrialists and Businessmen Association (LASİAD) President Gıyasettin Eyyüpkoca.
The normalization of relations between Turkey and Russia has raised expectations in the Turkish textile and apparel sectors that commerce with Russia will speed up.
As the Pakistan cotton output during 2015/16 season fell to 9.786 million bales, the local textile industry is compelled to import raw cotton from overseas markets to meet its demand requirement of basic raw material in the wake of devastating crop failure in 2015/16 season at home and make their business competitive.
The new National Textile Policy will soon be placed before the Cabinet seeking approval, the policy contains a package to boost job creation and promotion of made-ups for the home textile sector, on the lines of the one which was extended to the apparel industry.
Textile Secretary Rashmi Verma at a Texprcial event in Mumbai, said that the draft textile policy will be soon placed before the Cabinet and the home textile sector can also look forward to a package similar to what is extended to the apparel sector.
Problems of farmers in Pakistan and other developing countries cannot be resolved as long as the farmers are made to compete with heavily subsidized cotton from major players. Pakistan’s Ambassador to the global trade body Dr Tauqir Shah while addressing the special session on cotton at World Trade Organization (WTO) in Geneva said that they call for a swift and speedy action which allows their cotton growers along with textile industry to fairly compete into the world market.
KappAhl, Swedish apparel retailer and fashion brand has increased the proportion of its sustainability labelled fashion range from 24 to 38 per cent over a 12 month period. The company has nearly 400 stores in Sweden, Norway, Finland and Poland, includes garments which have been made using organic and Better Cotton Initiative cotton as well as recycled materials in its sustainable range.
