In China, semi-dull FDY70D/24F was pegged stable at US$2.38-2.44 a kg while FDY40D were at US$2.58-2.74 a kg in the first week of December.
Nylon DTY 70D/24F prices were also stable at US$2.58-2.79 a kg.
Monofilament 30D fell US cents 3 a kg and 1.5D staple fiber were up at US$2.51-2.58 a kg.
Nylon filament yarn markets saw moderated losses and prices range bound on the back of cost pressure and better sentiment.
In China, liquid good offers in spot market were at US$1,645 a ton while solid goods were up US$35 a ton in the first week of December.
Sinopec announced December contract nomination at US$1,660 a ton, up US$10 from November while DSM Nanjing pegged its nomination at US$1,690 a ton for solid goods.
Asian markers, the SE and FE fell US$10 a ton on the upper end while November contract for high-end goods settled at US$1,310-1,330 a ton CFR.
Caprolactum offers were stable to up that week as benzene markets meandered either ways while buyers and sellers on the sidelines.
Vietnam garment industry despite being expected to benefit the most from the TPP, few of the 2,000 garment firms across the country have shown interest in it. Only large companies seem to have the capability to study and make preparations for the TPP as it is expected to bring more export opportunities, especially in the big markets of the US, Japan and Australia.
All Pakistan Textile Mills Association (Aptma) to call a conference of stakeholders of the entire textile chain, including value-added sector, this month to evolve a joint protest strategy after having received in writing from hundred textile mills of Punjab to close their units if the federal government fails to address non-viability of the industry and restore its competitiveness.
Ethiopia and Kenya both countries face challenges such as poor infrastructure, cumbersome customs procedures, a dearth of technical and managerial talent and low levels of social and environmental compliance although with Ethiopia offering cost advantages and Kenya boasts higher production efficiency.
All Pakistan Textile Mills Association (APTMA) Punjab Chairman Aamir Fayyaz stated on Monday that around 450 units of spinning, weaving and processing were being supplied gas just for four hours a day, which now has been halted completely.
Sui Northern Gas Pipelines Limited (SNGPL) has suspended gas supply to Punjab’s textile mills indefinitely, the factory owners association said.
G-Suite Holding, Hong Kong-based property developer has been given approval byRochdale Borough Council to go ahead with the redevelopment of a historic textile mill of Middleton’s Warwick Mill in the one-time famous cotton spinning town of Rochdales in Greater Manchester and has been largely empty for many years.
It will be the company's biggest ever investment project in Europe set to get underway in Greater Manchester after permission was granted for the £50m (a 75 million U.S.dollars) and it will see new life breathed into the five-storey Warwick Mill.
Assam state sees rise in jute cultivation area during the last five years and jute farmers are getting better remunerative prices for their crop. This year, over 70,000 hectares of land in the State was under jute cultivation against around 62,000 hectares in 2010-11, said Agriculture Minister Rakibul Hussain in the the legislative assembly.
He added that the Central Government is working to ensure that there is no artificial shortage of jute, including by hoarding, and the State Government is extending full cooperation in the matter.
The Thailand Ministry of Industry’s Permanent Secretary Arthit Wuthikaro revealed that the industry aims to develop the manufacturing of Thai Silk and silk products in a clustered format, in order to improve the product quality to be on par with Italian Silk, renowned for its quality and high price.
Italian Vice Minister for Economic Development Carlo Calenda accompanied by under secretary Foreign Affairs and President of ICE, the Italian Trade Agency and higher official are on their official visit to Ethiopia endeavoring at boosting trade links between the two countries on December 10, 2015.
Italy’s Trade Agency in Addis Ababa said that visit would also identify new possible areas for collaboration from which mutual gain will be obtained for the two nations.
