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Asian paraxylene prices gained US$30.33 a ton FOB Korea and CFR Taiwan/China in the last week of January. The FOB Korea mixed xylenes marker rose US$32 a ton.

Paraxylene prices rebounded further in Asian markets on the week as February contract prices were settled by major producers. Meanwhile, Isomer-mixed xylene prices also jumped weekend on firm buying while forward curve flipped to contango.

In US, paraxylene spot tracked rising Asian values while decline in feedstock mixed xylene softened amid improved production economics. Arbitrage to Asia was open on paper.

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Related Keywords: apparel and garments industry of India, apparel brands in US, foreign brands entering Indian market, Foreign direct investment, foreign investments in retail sector, global fashion brands, growth of Indian retail sector, India's retail market, Indian apparel industry, Indian garment industry, Indian textile industry, men's clothing and accessories, Urban Factory, women's apparel brand

Urban Factory, a United States-based apparel brand, has entered India independently and aims to open stores in Bengaluru and Hyderabad by the mid of this year.

Madhuri Lakkapragada, founder of Urban Factory, said that all styles that come in India are delayed by a season and unfortunately, fashion comes to India in the end.

She added that they want to address this gap by bringing current customised styles in India.

Last year, India had liberalised norms for foreign direct investment in single-brand retail, allowing brands such as Urban Factory to set up stores in the country.

Related Keywords: Carded yarn exports, Combed cotton yarn exports, cotton export, cotton yarn export from india, cotton yarn export to Bangladesh, cotton yarn export to Pakistan, cotton yarn exports value, cotton yarn exports worth, cotton yarn import in bangladesh, cotton yarn import in china, cotton yarn import in Pakistan, countries importing cotton yarn, Indian yarn market, Indian yarn prices, India’s textile exports, Pakistani spinners

In December 2015, cotton yarn export was at 98.8 million kgs with 76 countries importing yarn worth US$266 million (INR1,760 crore) during the month. The average unit price realization was unchanged from November 2015, however, it was down US cents 26 as compared to December 2014.

China was the largest importer of cotton yarn from India in December, followed by Bangladesh and Pakistan. The top three together accounted for more than 57 per cent of cotton yarn exported from India during the month.

In China, semi-dull FDY70D/24F prices fell US cents 4 a kg on the upper end while FDY40D were down US cents 7 a kg in the last week of January.

Nylon DTY 70D/24F price rolled over while 30D/10F prices remained unchanged during the week.

Monofilament 30D prices were stable while 1.5D staple fiber was at US$2.11-2.17 a kg.

Nylon filament yarn prices were range bound in weakness and declines were seen in few specs as operating pressure eased with softening of caprolactum and nylon chip prices.

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

Asian markers, the SE and FE markers declined US$50 a ton in the last week of January.

In China, liquid good offers were down US$15 a ton with selling indications also down US$15 a ton.

Solid goods offer fell to US$1,480-1,495 a ton.

Sinopec cut its January contract settlement at US$1,450 a ton for liquid goods while DSM Nanjing announced settlement at US$1,460 a ton for liquid goods.

Caprolactum prices eased on insipid demand and range-bound raw materials and market participants operated on hand-to-mouth volumes.

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

Related Keywords: Bangladesh legendary fabric, Bangladesh National Museum, jamdani muslin, Muslin, promote textile, protect artisans, revival of marvellous material, Revival of Muslin workshop

Muslin, Bangladesh’s legendary fabric need government support as well as private initiative for revival of the marvellous material and to promote the legendary textile and protect the artisans who weave it, speakers at the “Revival of Muslin: Policies and Institutions” workshop said.

The discussion was chaired by Mustafizur Rahman, executive director of the Centre for Policy Dialogue. Speakers included Industries Secretary Mosharraf Hossain Bhuiyan and Additional Secretary Jamal Abdul Naser Chowdhury.

Related Keywords: allotted amount, Anantapur district, Andhra Pradesh government, bettering lot of weavers, clusters to be established, funds released for first phase, marketing and for securing bobbins and reels, Peddapappur and Somandepalli, Rayadurgam, sanctions three handloom clusters, spent for technology upgradation, welfare of members

The Andhra Pradesh state government has sanctioned three handloom clusters costing Rs.2.19 crore in Anantapur district, this was unveiled by Collector Kona Sasidhar, while addressing the district level Handloom and Jute Committee meeting here on Saturday.

Joint Collector II Syed Khaja Mohiuddin, Regional Director (Handlooms) V Kamaleswara Rao, Assistant Director D Pavan Kumar, DCAO Suryanarayana, LDM Jayashankar and the APCO District Manager were present for the meeting.

Related Keywords: Amritsar, and medium enterprises sector, Bhushan Abbi, buyer-seller meets, carpets, displaying products like blankets, forty participants, new schemes and guidelines, organized by regional office, platform to micro, president of home furnishing and textile cluster, small, suits, Textile Commissioner, Textile expo

An exhibition organized by the regional office of the textile commissioner (ROC), Amritsar, began in the city on Friday at an exhibition hall on Malhar Road where around 40 participants are displayed products like blankets, carpets, suits, etc.

Mayor Harcharan Singh Gohalwaria said that the industrial city Ludhiana was chosen as a venue for the second year in a row, for which he congratulated the officers of the department.

Related Keywords: cotton production in Ethiopia, duty free import in Ethiopia, Ethiopian export target, Ethiopian Textile exports worth, Ethiopian textile industry, industrial zones in Ethiopia, textile exports

The Ethiopian Textile Industry Development Institute (EDITI) stated that the country’s textile exports for the first half of Ethiopian fiscal year 2015-16 are lagging behind the plan target.

The target was to achieve $60.07 million from textile exports, while only $41.1 million was attained, which is only 70% of the plan, said EDITI.

During the mid of last year, the government revealed ambitious plans to stimulate the sector by offering attractive incentives to investors.

Related Keywords: cotton cloth, cotton yarn, during july to December, exports declined, Knitwear garments, minor improvement, nine percent decline, Pakistan textile exports, raw cotton, Ready-made garments and towels, slightly increased, small segments

The Pakistani textile exports showed around 9 percent decline during July-December 2015 as compared to same period of previous year. Textile exports continue to decline except a minor improvement in some of the small segments, sources revealed.

Raw cotton exports were 72 million during July December 2015, as compared to 114 million in previous year, a decline of 37 percent and cotton yarn declined 30 percent as its exports in second half of 2015 dropped to 698 million from 992 million in 2014.