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Related Keywords: cotton corporation of India, Cotton fibre, cotton imports, hike in local prices, increased exports, increased shipments, India's cotton purchases, marketing year, Pakistan

Cotton crop failure in Pakistan has led to coercion for the nation to raise its imports following the hike in local prices. This has profited the world’s largest producer of the cotton fibre. The Indian Government’s cotton purchases are to plummet to 89% due to the increased exports in the 2015-16 marketing year.

B.K. Mishra, chairman and managing director of the state-run Cotton Corporation of India (CCI) said that prices have been moved above the MSP (minimum support price) level in most states and farmers are selling to private players.

Related Keywords: adopt Centric software product lifecycle management (PLM) technology, boosting its Original Design Manufacturer business, develope its own brand, largest high-grade, Luthai Textile, project is part Luthais business transformation initiative, top three Chinese shirting product manufacturers, yarn-dyed fabric producer in the world

Luthai Textile, the market leader in the production of specially yarn dyed fabrics and one of the top three Chinese shirting product manufacturers, with strong business relationships globally. It is known as the largest high-grade, yarn-dyed fabric producer in the world, with production lines that include cotton planting, spinning, dyeing, weaving, finishing and shirt sewing. Luthai Textile to adopt Centric software product lifecycle management (PLM) technology.

Related Keywords: Amended Technology Upgradation Fund Scheme, attract investment, benefit textile industry, better quality in processing industry, better technology looms, boost Make in India initiatives, Cabinet Committee on Economic Affairs, export, introduction of ATUFS, promotion of technical textiles, replace existing RR TUFS, targets employment generation

The Cabinet Committee on Economic Affairs on Wednesday gave nod to the introduction of “Amended Technology Upgradation Fund Scheme (ATUFS)” which will replace the existing Revised Restructured Technology Upgradation Funds Scheme (RR-TUFS) for technology upgradation of the textile industry.

A budget provision of Rs 17822 cr has been approved of which Rs 12671 cr is for committed liabilities under the ongoing scheme and Rs 5151 cr for new cases under ATUFS.

In China, cotton-type staple fiber prices were stable at US$1.80-2.03 a kg while medium-length staple rolled over at US$1.81-2.03 a kg in the third week of December.

Jilin Chemical Fiber maintained its list prices for December with 1.5D at US$2.03 a kg, 3D medium-length at US$2.02 a kg, tow at US$2.10 a kg and top at US$2.24 a kg.

Taiwan origin 3D bright ASF tow prices were unchanged at US$1.60-1.70 a kg.

Acrylic staple fibre markets stood still as upstream, acrylonitrile prices climbed mildly, further squeezing cash flow at ASF producers.

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

Asian acrylonitrile marker the CFR Far East Asia further surged US$20 a ton in the third week of December.

In China, offers for offshore cargoes were at unchanged at US$1,150-1,200 a ton.

Acrylonitrile markets in Asia continued to remain driven by short supply of prompt cargoes as lower run rates hit supplies.

In China, offers rose amid market concerns about tight availability of prompt cargoes.

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

Related Keywords: Company has seven multi location plants, largest cotton yarn manufacturer in India, Nahar Group of Companies, Nahar Spinning Mills, put up new spinning plant, Village Tamot in Madhya Pradesh

Nahar Spinning Mills part of Ludhiana based Nahar Group of Companies, one of the largest integrated textile player and also the second largest cotton yarn manufacturer in India. The company’s board gave approval at its meeting held on December 23, 2015 for putting up a new spinning plant with 60480 spindles at Village Tamot, Tehsil Goharganj, District Raisen, in the State of Madhya Pradesh.

Related Keywords: arrivals continue to be high, depending on requirement, import cotton, Indian Texpreneurs Federation, individual import contracts, monitor the domestic and international prices regularly, price of cotton, prices gone up, Textile mills, this new cotton season, viable price level, west African countries

The price of cotton generally shoots up when the industry needs cotton and when the arrivals have come down in the market. But this year, just two months since new cotton season began and the prices of cotton have already gone up though arrivals continue to be high in the market.

This situation has driven as many as 43 textile mills in the State have come together and plan to import cotton from West African countries, depending on the requirement.

Related Keywords: India’s most promising brands, Mafatlal Industries Ltd, product portfolio of Mafatlal Industries, Textile industry in India, World Consulting & Research Corporation, yarn dyed Shirtings

Mafatlal Industries Ltd (MIL) was recently awarded ‘India’s Most Promising Brand 2014 – 2015’ in the textile category by World Consulting & Research Corporation (WCRC) at Gibson Hall, London.

On the behalf of the company, M B Raghunath, president (sales & marketing) of Mafatlal Industries Ltd, received the trophy and citation awarded as ‘India’s Most Promising Brand 2014 – 2015’ in the textile category.

Asian MEG markers gained US$20 a ton CFR China and CFR South East Asia in the third week of December.

SABIC nominated its January Asia Contract Price at US$730 a ton CFR Asian main ports, down US$40 from December.

In China, the upper range of prices remained limited at US$570 a ton.

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 slipped US$17 a ton FOB Korea and CFR Taiwan/China in the third week of December.

Paraxylene prices slipped in Asian markets on the week, but were seen rising weekend as trading was quiet throughout the week. Long-term contract negotiations were heard ongoing.

In US, spot paraxylene fell week over week amid persistently quiet demand and tracking movement in Asia. Demand also remained quiet while production margins were still unfavorable.

Meanwhile, xylene market sentiment remained bearish despite supply on tight side and weak buy interest.

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