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Related Keywords: absence of timely rain, cotton clothes export increased, cotton production decreased, cotton products, cotton yarn export dropped, first ten months of current fiscal year, Minister for Commerce, negative growth of textile trade, Pakistan textile exports, value decreased

Pakistan’s textile exports during the first ten months (July-April) 2015-16 of the current fiscal witnessed the negative growth of 7.72 percent at $10.395 billion compared to $11.265 billion in last financial year, said Minister for Commerce Khurram Dastigir Khan on Wednesday.

The textile products that contributed to the negative growth of textile trade, included cotton yarn, exports of which dropped by 32 percent from $1.590 billion last year to $1.081 billion during the current fiscal year.

In Shengze, offers for 32s polyester yarn were down US cents 2 a kg in the first week of June and 45s were stable during the week. In Qiangqing, 32s weaving were stable on the week.

Offers for spun polyester yarns were steady that week in China, as sales was hard to improve amid insipid demand. With summer approaching, end‐use demand is likely to retreat. With fabric inventory high and yarn demand sluggish, yarn producers may trim operation.

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$3 a ton CFR China in the first week of June. In China, offers for bonded goods were pegged at US$610 a ton, and bids at US$595‐600 a ton amid thin liquidity. Yisheng Petrochemical list price for PTA was up US$3 a ton on the week.

Purified terephthalic acid prices recovered somewhat that week in Asian markets gaining on Tuesday and weekend as markets remained mixed with China still weak.

In India, demand was heard fading and prices were assessed lower as Reliance Industries Ltd. restarted its plant.

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

Related Keywords: gain foothold on Iranian market, Labour and Transport, leading manufacturer of electronically and mechanically controlled circular knitting machines, looking for new business contacts, purchase of five circular knitting machines, sales opportunities, Saxon entrepreneurs, Saxon Minister of Economic Affairs, Terro signed first contract, Terrot Group

In May, Managing Director Mr von Bismarck of Terrot Group, leading manufacturer of electronically and mechanically controlled circular knitting machines travelled to Iran together with other Saxon entrepreneurs and guided by the Saxon Minister of Economic Affairs, Labour and Transport Martin Dulig, the delegation was looking for new business contacts and sales opportunities in the country. First contracts have been signed and the company’s activities have been successful as well, according to the manufacturer.

Related Keywords: demand of khadi increased, employees and wage workers, ideas to promote khadi industry, increase employment, increase sale and production of khadi, Khadi and Village Industries Commission, KVIC, launch yoga kits made of khadi, launches mobile application, petroleum minister introduced khadi uniforms, planning different schemes, PMEGP scheme

In the past eight years, the demand of khadi has increased to Rs 110 crore, increasing the sale and production of khadi. Khadi and Village Industries Commission (KVIC) is planning different schemes and ideas to promote khadi industries and also increase employment. KVIC launched a mobile application for the Prime Minister’s Employment Generation Programme (PMEGP) scheme in a function held at Chandigarh Press Club on Wednesday.

Related Keywords: Association of Korean garment factories, Economist Dzhumakadyr Akeneev, increase competitive advanate of both countrires, introduce advanced systems and technologies, Korean investors, Plan to develoop garment and textile indutry of Kyrgystan, study the market of clothing in Central Asia

Investors from Korea plan to develop the garment and textile industry of Kyrgyzstan. They want to introduce advanced systems and technologies in this area to increase the competitive advantage of both countries.

Economist Dzhumakadyr Akeneev announced that Korean businessmen are planning to build a garment factory in Kyrgyzstan worth about $3 million.

Related Keywords: cotton imports through the land route from India, decline in last year cotton crop, low commodity prices, Pakistani farmers, recommended imposition of regulatory duty, Senate Standing Committee on National Food Security and Research, TCP

The Senate Standing Committee on National Food Security and Research unanimously recommended immediate imposition of regulatory duty on cotton imports through the land route, after being informed by Cotton Commissioner Khalid Abdullah that the decline in last year’s cotton crop resulted due to low commodity prices and APTMA pressurizing to allow duty free import of one million cotton bales from India through the Wagha border which could jeopardize the local cotton crop.

Related Keywords: challenges in finding new export contracts, especially for shirts, exports rise lower than targeted growth, falling export prices, orders moving to Laos and Myanmar, pants and jackets, ten percent this year, US largest export market, Vietnam garment and textile industry, Vietnam Textile and Apparel Association, Vietnamese trade ministry

Vietname Garment and textile industry exports in the first five months of this year rose 6.1 percent to US$8.6 billion, but the rise was lower than the targeted growth of 10 percent this year. In May, the industry earned $1.75 billion, up only 3.8 percent, according to Vietnamese trade ministry.

Many Industry insiders expressed concern over the difficult for garment and textile industry to meet the target of US$31 billion this year due to falling export prices and challenges in finding new export contracts, especially for shirts, pants and jackets.

In China, medium-length staple fiber and cotton-type staple prices rolled over in the first week of June.

Jilin Chemical Fiber released ASF settlement prices for May with 1.5D at 12.75 Yuan a kg (US$1.94 a kg), medium‐length at 12.70 Yuan a kg (US$1.93 a kg) and tow at 13.50 Yuan a kg (US$2.05 a kg).

Acrylic staple fibre prices stayed unchanged on the week despite upstream acrylonitrile cost surging during the week. In China, fresh ASF list prices for early June were released, flat over May settlement prices.

Related Keywords: acrylic staple fibre, acrylonitrile prices, ASF prices, asf prices in China, asf prices in India, asf prices in Pakistan

Asian ACN markers jumped US$60-90 a ton CFR Far East Asia and Southeast Asia in the first week of June. In China, offers for offshore cargoes shot up on the week.

Acrylonitrile prices across markets jumped week on week amid tight supply, although propylene prices were a bit subdued.

In Asia, ACN price rose sharply as availability shrunk with no arbitrage cargoes heard offered in the market. In China, spot price moved higher, but capped by lukewarm downstream demand.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene