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Related Keywords: Banaras Butidar Silk Saree, Banaras Silk Brocade, Chanderi Saree, committed to achieve overall growth of handloom sector, exhibition of Indian handloom products, implement various developmental and welfare schemes, India Handloom Brand scheme, NCTD, prestigious collection Vishwakarma, skilled weavers, Tanchoi Silk Saree, Textile Minister

An exhibition showcasing an exquisite collection of Indian handloom products was inaugurated on Tuesday by the Union Minister of State for Textiles (I/C), Santosh Kumar Gangwar at National Crafts Museum in New Delhi. S.K. Panda, Secretary (Textiles) and Alok Kumar, Development Commissioner (Handlooms) were also present on the occasion. The exhibition will run from December 22 to 31, 2015.

In China, offers for cotton-type staple fiber were stable at US$1.82-2.04 a kg while medium-length staple rolled over at US$1.83-2.04 a kg in the second week of December.

Jilin Chemical Fiber maintained its list prices for December with 1.5D at US$2.04 a kg, 3D medium-length at US$2.04 a kg, tow at US$2.11 a kg and top at US$2.25 a kg.

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

Acrylic staple fibre markets maintained a stable price curve that week despite upstream, acrylonitrile values jumping, imposing stronger cost pressure.

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 jumped US$80 a ton while Southeast Asia was up US$20 a ton in the second week of December.

In China, offers for offshore cargoes were up US$50 a ton on the week.

Acrylonitrile prices in Asian markets were driven by demand for scarce prompt cargoes. At the same time, domestic prices in East China hovered at around import parity basis.

Because of the import parity level, several producers estimated offers would be higher than CFR Far East.

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

Related Keywords: clothing export, cost of doing textile business, cotton fabric export, cotton yarn in Pakistan, Pakistan’s textile industry, Textile Mills Association, textile value chain, yarn export

High cost of doing business has started hitting textile industry of Pakistan severely as further closure of operations of the textile mills have been reported to the association, said Tariq Saud, Chairman of All Pakistan Textile Mills Association (APTMA).

In November 2015, exports of cotton yarn and cotton fabric declined by 45% and 22%, respectively against the corresponding period in quantitative terms, which is an overall decline by 15% in value.

In the second week of December, Asian MEG markers edged up US$4 weekend but fell US$13 a ton CFR China on the week.

Mono ethylene glycol prices edged up weekend on late short-covering by traders due to plant issues at Shell and Nan Ya Plastics.

However, prices were down on the week as crude oil prices retreated significantly while commodity markets were severely bearish this week. Polyester makers were at new lows.

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 fell US$15 a ton FOB Korea and CFR Taiwan/China in the second week of December.

Paraxylene prices dipped back to below November end levels as crude oil markets sank.

Ningbo Zhongjin’s outage however supported prices mid-week. In China, January PTA futures dipped again on the week. Ningbo Zhongjin Petrochemical should be able to restart its refomer may in a week.

In US, paraxylene spot followed Asia lower while activity remained slow in domestic market as production margins declined.

Spot paraxylene fell US$10 a ton FOB USG on the week.

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

Related Keywords: bank loan rate, excise exemption limit, failed to modernize machinery, hit local textile industry, imported yarn and finished fabric, inflation, mostly using polyester viscose, textile units manufacture various kind of fabric, unfavourable policies, Weaving oldest industry in Amritsar, weaving units shifted to Ludhiana and Bhilwara

Weaving is the oldest industry in the holy city of Amritsar; the textile units here manufacture various kinds of fabrics, including suiting, shirting, tweed, blazers, blankets and women's dress material. Hence the local industry uses various kinds of yarns, the most popular being polyester viscose. Imported yarn and finished fabric from China, Korea, Taiwan, Indonesia and Bangladesh have hit the local textile industry of Amritsar, especially those units who have not modernize their machinery.

Related Keywords: average rate at seventeen percent to zero, exporters currently pay for the US, garment products, higher than other TPP member countries, major export market US, material production regulation, tax value that Vietnamese textile, under TPP commitment, US to reduce the tariff for Vietnamese textile, Vietnam textile and garment exports

Vietnam's textile and garment exports to the US from January to November 2015 have reached US$9.98 billion, a year-on-year increase of 11.7 percent. It is expected to gain much higher with the Trans Pacific Partnership (TPP) taking effect. According to the Vietnam Textile and Apparel Association (Vitas), during the 11 months, Vietnam’s textile and garment export value to its other major export markets was also optimistic with $3.09 billion to the EU, $2.53 billion to Japan and $1.98 billion to South Korea.

Related Keywords: APTMA, drop of cotton arrival, exports to further tumble, external and internal issues, massive reduction in commodity prices, Ministry of Commerce, Pakistan textile export decline, readymade garment and towel exports, registered growth, suspension of gas supply, textile mills of Punjab, weak global demand

Pakistan exported textile commodities worth $961 million during November as compared to $1.13 billion of the corresponding month of the previous year, decline by 14.6 percent due to both external and internal issues going on in the country. Exports Likely to further tumble in the months to come with the suspension of gas supply to Punjab’s textile mills indefinitely by the government, said an official of the All Pakistan Textile Mills Association.

Related Keywords: creating eight new jobs, increase both capability and capacity, invest in new loom and ancillary equipment, Mansfield, needed a pilot site to test it, new state-of-the-art loom was launched in Japan, produce new width fabric, received grant from D2N2 Local Enterprise Partnership, Toray Textiles Europe Ltd, TTEL, UK textile market shrinking

Toray Textiles Europe Ltd (TTEL) UK based manufacturer of woven polyester, nylon and high performance synthetic fabrics has been also developing more specialist markets for its fabrics such as medical, industrial and automotive. The D2N2 Local Enterprise Partnership has offered a £123,000 grant to TTEL for its new technical textile business which required investing in new looms and ancillary equipment - creating eight new jobs.