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Related Keywords: Angolian textile and apparel industry facing grave problems, assistance to family production of cotton, cover deficit, impact on cotton production, importing cotton yarn a year to feed textile plants, investment made to grow cotton locally, new technology, to set textile industry in motion, units to restart production in coming few months

Angolian textile and apparel industry has been facing severe problems for past decade, which had a huge impact on cotton production. To cover the deficit the country is faced with to set its textile industry in motion will be importing at least 20,000 tons of cotton yarn a year to feed the textile plants of Satec, in central Cuanza Norte province, Textang II (Luanda) and Africa Têxtil in central Benguela province, as the units gear up to restart production in the coming few months.

Asian MEG prices rose US$4 a ton CFR China and CFR South East Asia in the second week of June.

As crude oil prices firmed up early in the week mono ethylene glycol prices in Asian markets were lifted in most actively traded August MEG futures.

Several traders were heard to be short-covering H2 June and July physical positions and picking up some H2 July cargoes. In China, MEG market saw tolerable buying interests for low-priced goods although the market was lackluster due to holidays.

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

Asian paraxylene markers were up US$19.83 a ton FOB Korea in the second week of June while CFR Taiwan/China gained US$20.50 a ton. Isomer-grade mixed xylenes also rose during the week.

Paraxylene prices in Asian markets moved in line with oil prices, surging day on day throughout the week only to fall back on weekend seeing crude declining on last two days of the week.

Reportedly, G20 summit impacted China paraxylene market to some extend while Dragon Boat holidays curtailed trading activity.

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

Related Keywords: cotton carded/combed exports, cotton yarn export from Pakistan, exports of leather garments, exports of readymade garments, foreign exchange earnings of Pakistan, Pakistan Bureau of Statistics, Pakistan’s textile exports, readymade garments in Pakistan, textile industry of Pakistan

In the July-May period of 2015-16, Pakistan’s textile exports continued to decline while the foreign exchange earnings from all other exportable products decreased except for readymade garments, according to official reports.

Textile exports of the country registered a negative growth of 7.34 per cent to US$11.468 billion in July-May 2015-16 as compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS) data.

In China, semi-dull FDY70D/24F and FDY40D prices were both up US cent 1 a kg in the second week of June.

Nylon DTY 70D/24F prices were flat while 30D/10F prices were up US cent 1 a kg on the week.

Nylon staple fiber 1.5D fell during the week while monofilament 30D prices were down US cents 4 a kg on the week.

Nylon filament yarn prices moderated to a lesser extent with most goods firm in view of stable nylon chip. Otherwise, prices hike met with some resistance.

With low operating intentions against weak buying interest, the supply demand fundamentals were under pressure.

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

Asian markers, the SE and FE remained unchanged in the second week of June. In China, offers for liquid spot were flat on the week while solid goods offers were steady.

Sinopec maintained its June nomination at US$1,540 a ton for liquid goods while Fibrant nominated June at US$1,550 a ton for liquid goods.

Caprolactum prices were firm on range-bound feedstock benzene cost and decent downstream demand. On the back of better crude oil and benzene, caprolactum markets warmed up slightly on production cutbacks in China.

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

Related Keywords: Apparelsourcing USA, brand new international pavilion, children and accessories, connect suppliers specializing in ready-to-wear for men, eco-friendly product, largest apparel and sourcing show, sustainable, Texworld USA trade shows, to take place on the same dates and same location, together will host over 700 international exhibitors, women

The Apparelsourcing USA and the Texworld USA trade shows the largest apparel and sourcing show to take place on the same dates and at the same location saving time and limiting distance for visitor coming up this July, together they will be hosting over 700 international exhibitors.

Related Keywords: Maharashtra, sanctioned funds to set up spinning mill in Akola, Scheduled caste entrepreneurs, top destination for funds sanction, under Central government venture capital funds financial assistance scheme, Yash Cotton Yarn Pvt Ltd

Under the Central government’s venture capital funds financial assistance scheme for Scheduled Caste entrepreneurs, Maharashtra has emerged as the top destination for funds sanction.

Of the Rs 150.45 crore sanctioned so far, Maharashtra accounts for Rs 37.6 crore. The state also leads in the number of companies (12) that have received sanctions for this fund so far.

For instance, Yash Cotton Yarn Pvt Ltd has been sanctioned Rs 9.8 crore to set up a spinning mill in Akola.

Related Keywords: display collections ranging from fashionable knitwear, Fashion SVP exhibition, IYA Tekstil, latest sustainable clothing, Modalt Tekstil, Mosi Tekstil, Orimpex specialist in sustainable garment production, premier event for fashion sourcing and production of UK, strong relationship with leading UK and European brands, Turkish knitters gearing up

As Fashion SVP exhibition 2016, UK’s premier event for fashion sourcing and production returning to Olympia Central, Turkish knitter are gearing up to display their collections ranging from fashionable knitwear to the latest sustainable clothing. Turkish knitters have spent years building strong relationships with leading UK and European brands.

Related Keywords: a marketplace for all handmade products, attempt to bring India little closer to world, bridge gap both economic and digital, help Indian traditional handloom artists and craftsmen, iShippo.com, Make in India, new players entering Indian e-commerce industry, shows signs of phenomenal growth year on year, susinable business opportunity

A large number of new players are entering the Indian e-commerce industry to test their fortunes as it shows signs of phenomenal growth year on year. This year, the growth is likely to be worth $38 billion, a growth of 67% over 2015. One such new entrant is Bengaluru-based iShippo.com, a marketplace for all handmade products.