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Tight supply of lint quality show modest improvement in prices

Related Keywords: cotton importer, facing hardship in meeting orders, fresh buying to meet requirement, ginners with limited stock of unsold quality lint, international buyers, local textile industry, official spot rate, Pakistan cotton market, raised price, ready session, short supply of cotton, showed modest improvement in prices, tight supply of fine quality

At the cotton market on Tuesday in the process of tight supply of fine quality, dealers said that prices showed modest improvement. Market sources said that the ginners, who have limited stock of unsold quality lint raised prices, so a few needy mills and spinners indulged in fresh buying to meet requirements

The official spot rate gained Rs 50 Rs 5,600 while in ready session, approximately 3000 bales of cotton changed hands between Rs 5300 and Rs 5900, dealers said.

Surat textile industry incur Rs 250cr loss as transporters called for strike

Related Keywords: disturbed by indefinite strike, entire chain into textile industry incurred lost of two hundred fifty crore, finished products of sarees and dress materials stuck in transport godowns, SMC to seal seventy others at Umarwada in the city, stopped taking booking from textile traders, Surat Market Transporter Association, Surat textile industry

Following an indefinite strike, over 350 trucks of the Surat Market Transporter Association have not left the city for the past two days and also have stopped taking bookings from textile traders in Surat due to which the textile industry has lost Rs 250 crore. The entire chain into the textile industry has been disturbed as their finished products of sarees and dress materials are stuck in transport godowns.

MEG price declines in Asia

Asian MEG markers declined US$15 a ton CFR China while CFR South East Asia in the second week of May. Mono ethylene glycol prices were range bound at low levels that week, with prices down from previous week.

Despite the rally in crude oil, PTA futures softened and MEG prices generally went ranged bound following the slump opening the week.

Reports were heard of aggressive selling of swaps by several large futures traders on the Huaxicun Commodity Exchange, as well as selling of physical cargoes through the week.

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

Paraxylene price dips in Asia, US

Asian paraxylene prices fell US$4.00-4.33 a ton FOB Korea and CFR Taiwan/China in the second week of May. Paraxylene prices declined on the week and sharply on that weekend amid weak downstream futures market.

The September PTA futures was down in China while Reliance expects quick restart of Dahej PTA line which can result in ample supply.

South Korea’s SK Global Chemical plans to shut its aromatics plant at Ulsan for 40 days from 20 May for TA.

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

Falling benzene price weakens downstream nylon chain

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

In the last week, ended on 20th May 2016, benzene prices fell in Asian markets amid thin discussions while supply tightness persisted in SE Asia for June and arbitrage from S Korea to China remained open. However, the prices drop varied sharply across Asian markets, with lowest drop seen in India and highest in Southeast. In US, spot benzene moved higher on bullish views on supply while European benzene market ended quietly with spot price retreating slightly.

Texworld, Apparel sourcing, Home Textiles Sourcing one stop sourcing expo

Related Keywords: apparel fabric buyers, designers, largest souring event, merchandisers, overseas sourcing professional, research and product development specialist, Texworld USA, Texworld USA will collocate with Apparel sourcing USA and the Home Textiles Sourcing Expo, together create one of the largest sourcing destinations, twentieth edition of North America

The July 2016 edition of Texworld USA marks the 10th anniversary of the show and 10 years since Texworld USA partnered with Lenzing Innovation to produce the show. The twentieth edition of North America’s largest sourcing event for apparel fabric buyers, research and product development specialist, designers, merchandisers and overseas sourcing professionals invites all in join them.

French Cultural Center in İzmir to host the FuturotextilesMix exhibition

Related Keywords: and plant-based, display the textile products from plants such as the pine and gum tree, French Cultural Center in İzmir, host the, innovative and intelligent, invites visitors to discover world of textiles, ranges from fibre weave and knitwear to composites and nonwovens, textiles becoming increasingly technical

The French Cultural Center in İzmir to host the "FuturotextilesMIX" exhibition to show that today textiles are becoming increasingly technical, innovative and intelligent while also becoming relevant to current issues of sustainable development.

The exhibition will display the textile products of the future produced from plants such as the pine and gum tree, and plant-based products such as soy beans and coffee as well as petroleum, products such as plastic bottles.

China largest investor for flat knitting machines driven by increased demand

Related Keywords: China, driven by increased demand, ITMF, largest investor for flat knitting machines, long staple spindles and open end rotors decreased, shipment grew by huge fifty two percent, shipments for new large diameter circular knitting machines dipped, textile machinery manufacturers

China remained the world’s largest investor for flat knitting machines throughout the year 2015 driven by increased demand. The shipment of electronic flat knitting machines grew by a huge 52 percent to 35,000 units from 19,000 units in 2014.

However, the latest statistics from the International Textile Machinery Shipment Statistics (ITMSS) just released by the International Textile Manufacturers Federation (ITMF) also showed that shipments for new large diameter circular knitting machines dipped by 6% year-on-year to 26,700 units in 2015.

Fine grade lint remains in demand during trading session at cotton market

Related Keywords: buyers made deals for all grades, ginners of Punjab, ginners of Sindh offered low grade lint, KCA, offered cotton of all grades, Pakistan cotton market, slightly higher price, spot rate, textile sector, trading session

During the trading session on cotton market, buyers made deals for all grades on slightly higher price at around Rs 5,000 per maund to Rs5,650 per maund and around 300 bales changed hands, said floor brokers.

The ginners of Punjab offered cotton of all grades to the buyers around Rs 5,000 per maund to Rs 5,150 per maund while ginners of Sindh offered low-grade lint to the buyers around Rs 4,975 per maund.

Surat textile once again hit as textile transporters go on indefinite strike

Related Keywords: biggest manufacturer of MMF, causing nuisance and traffic problems, fifty thousand textile trading shop, functioning from residential area in and around textile market, one hundred seventy textile markets, sealed over seventy transport godowns, Surat, Surat Municipal Corporation, textile goods transport companies

Surat, the country's biggest manufacturer of man-made fabric has over 170 textile markets consisting nearly 50,000 textile trading shops on Ring Road area of the city due to which most of the textile goods transport companies have been functioning from residential areas in and around textile markets.

Acting on the complaint of residents, the Surat Municipal Corporation (SMC) has sealed over 70 transport godowns on Saturday and Monday as they were causing nuisance and traffic problems.

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