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Related Keywords: China imposes anti dumping duty, Chinese authorities, highly sophisticated process, Japanese, Japanese acrylic fiber exports start plunging, leading manufacturers re evaluate production strategies, Producing acrylic fibers, raise prices at home, South Korean and Turkish companies dumping acrylic fibers, specifically targeted Japanese products

Chinese authorities reached a preliminary decision in April that Japanese, South Korean and Turkish companies were dumping acrylic fibers on the country. With the anti dumping duties imposed by China, leading manufacturers to re-evaluate their production strategies and potentially even raise prices at home due to which Japanese acrylic fiber exports have started plunging.

Toray Industries, Mitsubishi Rayon and Japan Exlan face an extra 16-18 percentage points in tariffs, about two to three times more than the duties levied on their South Korean and Turkish competitors.

Related Keywords: EU major destination for RMG export from India, expediting work on free trade agreement, in turn impacted currency, Indian textile industry, knitwear exports, rupee devaluation against pound and euro, stand to benefit from Brexit, Tirupur Exporters Association, Tirupur exporters worried about exports of knitwear, UK exit from European Union

UK’s decision to exit from the European Union which in turn impacted the currency, worries exporters from the tiny town of Tirupur as many of the exporters exports around Rs26,000 crore of knitwear. According to A Saktivel, president, Tirupur Exporters Association, it will be temporary but in the long run this will help them since UK will support more which it could not when it was part of the EU.

EU is a major destination for readymade garments (RMG) export from India. In 2015-16, total RMG exports from India was Rs 1,11,236 crore, of which EU's share was 36.97%.

Related Keywords: all grades on bargaining prices, Buyers made a month forward deals, domestic price, growing demand of cloth and yarn, KCA, moderate trading activity, spot rate gained strength, strong physical price, witnessed at cotton market

Moderate trading activity was witnessed at the cotton market with strong physical price. Buyers made a month forward deals for all grades on bargaining prices at around Rs 5,125 per maund during the trading session,said floor brokers.

The Karachi Cotton Association (KCA) spot rate gained strength and closed at Rs 5,600 per maund.

According to senior trader, Ghulam Rabbani, leading buyers were eager for fine grades and even paying slightly higher price on the back of growing demand of cloth and yarn and also as import was costly comparing to domestic price.

Related Keywords: China Textile Association, Chinese Chamber of Light Manufacturing, Delegation leader of three associations, facilitate investment in Ethiopia, Helen Hai held talks with Prime Minister Hailemariam Dessalegn, Hong Kong Chamber of Textile Association, signed a collaboration agreement with Ethiopian Investment Commission

Delegation leader of the three associations, China Textile Association, Hong Kong Chamber of Textile Association, and Chinese Chamber of Light Manufacturing, Helen Hai held talks with Prime Minister Hailemariam Dessalegn on ways of facilitating investment in Ethiopia yesterday.

During the occasion, the delegation leader and Goodwill Ambassador of United Nations Industrial Development Organization (UNIDO), Helen Hai said that the reason they are coming here is actually because Ethiopia is embarking a new chapter of development which is leading a successful example for Africa to follow.

Related Keywords: APTMA urge to restrict cotton exports to India, contracted import of cotton bales from Pakistan, Cotton Association of India, drought took toll on output, India biggest cotton producer in the world, Indian buying pushing up prices in Pakistan, Indian cotton prices jump up, lower than local prices, Pakistan Cotton Ginner's Association

Indian cotton prices have jumped up by 28 percent since the start of 2015/16 season on Oct. 1 to 40,800 rupees per 356 kg candy (77.4 cents per lb) as two years of drought took its toll on output due to which India, the world's biggest cotton producer, has contracted to import 20,000 bales from Pakistan for shipment this month, , industry officials told Reuters.

Dhiren Sheth, president of the Cotton Association of India (CAI), said that around 20,000 bales have been imported from Pakistan. Landed cost of imported cotton is lower than local prices.

Related Keywords: apparel and textile manufacturers, Canadian retailers and manufacturers access, fabric mills from around the world, First Apparel Textile Sourcing trade show in Canada, garment factories, learn about sourcing best practices, new project to promote global textile and apparel trade, Produced in coordination with CCCT, show at the inaugural

Canada’s first Apparel Textile Sourcing trade show, which will bow Aug 22-24 in Toronto to have garment factories and fabric mills from around the world, show at the inaugural, according to JP Communications Inc., parent company toTopTenWholesale.com and Manufacturer.com, which is producing the trade show.

In Shengze, offers for 32s and 45s polyester yarn rolled over in the second week of June. In Qiangqing, 32s weaving were steady during the week.

Offers for spun polyester yarns in Shengze market were stable amid limited transaction volume. PSF market was mainly covered by wait-and-see atmosphere today, and is expected to have difficulty to see significant price drop or increase in a short term.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

Asian PTA marker was up US$4 a ton CFR China while the CFR Southeast Asia in the second week of June. In China, offers for nearby-month goods were maintained at US$615-620 a ton, and buying interest was mute.

Purified terephthalic acid prices firmed up in Asian markets amid rising feedstock price and expected supply cuts. China's OPSC will remain shut during G20 summit while Hanbang will shut plants late June.

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

Related Keywords: design textile parks plan, eleven states, infrastructure development with common facility, Minsitry of Textile, Odisha government yet to take initiative, promoting handicrafts under Linking Textiles with Tourism, sanctioned new textile parks, Scheme for Integrated Textile Parks

The Ministry of Textiles has sanctioned 24 new textile parks for 11 States under the scheme for integrated textile parks (SITP) in the last two years, but Odisha Government is yet to take any initiative to design textile parks plan at Choudwar and Bhadrak.

Union Textiles Minister Santosh Kumar Gangwar informed that they have not received any proposal from Odisha Government so far. They have been asking the States to send their proposals and will certainly consider, if any proposal comes from Odisha.

Related Keywords: Bangladesh heavily investing to strengthen textile value chain, CITI, Confederation of Indian Textile Industry, maintain growth for garment export, Make in India initiative, more initiatives are expected to strengthen, provide comfort to buying houses, support textile value chain, welcomed initiative for job creation in garment industry

Confederation of Indian Textile Industry (CITI) has welcomed the initiative for job creation in garment industry and hopes more initiatives are expected to follow to strengthen and support the textile value chain and the make in India initiative.