In China, offers for liquid goods edged up US$25-30 a ton in the second week of September, and discussions were up US$10-20 a ton. Asian markers, the SE and FE were stable during the week. Sinopec announced September contract price which was up US$125 a ton from August settlement for liquid goods while DSM Nanjing’s nomination was up US$10 a ton from August for solid goods.
Nylon yarn market stablises in China
In China, semi-dull FDY70D/24F prices inched up US cent 1 a kg in the second week of September while FDY40D gained US cents 4 a kg. Nylon DTY 70D/24F prices were stable while DTY 30D/10F prices also rolled over. Monofilament 30D was stable and staple fiber 1.5D was down US cents 7 a kg.
Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China
International Textile Fair partners with SOURCE for sustainable fashion seminar
Related Keywords: International Textile Fair, textile exhibition in dubai, Textile trade show
The International Textile Fair is pleased to announce a partnership with the Ethical Fashion Forum’s sustainable fashion business platform, SOURCE, to bring a dedicated sustainability seminar to the October tradeshow.
Held over two days, the International Textile Fair welcomes over 6000 visitors to the UAE, which is now the fourth largest trading centre for fashion and apparel.
Powerloom Cooperative Societies busy with production of saris and dhotis to be distributed free for Pongal festival
Related Keywords: busy completing production of saris and dhotis, computers, Erode, for Pongal festival, given deadline, loan cards handed over, meant for free distribution, Minister for Handlooms and textiles, Powerloom cooperative societies, S Gokula Indira, Tiruchengodu, Tirupur and Coimbatore districts, training program, under government schemes
Functionaries of 104 Power loom Cooperative Societies from Erode, Tiruchengodu, Tirupur and Coimbatore districts have been instructed to complete production of saris and dhotis meant for free distribution for Pongal festival before November during a review meeting chaired by Minister for Handlooms and Textiles S. Gokula Indira.
Miroglio Textile presented its new collection environmentally sustainable at Première Vision
Related Keywords: at Premiere Vision exhibition, developed business strategy focused on high levels of quality, digital technology, European leader, in the market of fabrics, Miroglio Group, Miroglio Textile, printed jacquard knits, service and sustainability, showcase its Fall/Winter collection, three dimensional woven fabric bases, transfer paper, yarns
Part of the Miroglio Group, Miroglio Textile is a European leader in the markets of fabrics, yarns, transfer paper and technical film. In recent years, it has developed a business strategy strongly focused on high levels of quality, service and sustainability. The manufacturer demonstrated its expertise at the Première Vision exhibition that took place from 15 – 17 September in Paris, where it also presented its Fall/Winter 2016-17 collection.
Use of jute bags affecting quality of cotton
Related Keywords: affecting the cotton spinning industry, check contamination of cotton, contamination continues to be the most serious problem, during storage, introduce cotton standardisation system, Karachi Cotton Association, Pakistan yarn merchant association, transportation of seed cotton, use of jute bags
Pakistan is the fifth largest producer of cotton in the world, the third largest exporter of raw cotton, the fourth largest consumer of cotton and the largest exporter of cotton yarn in the world. Pakistani cotton and cotton products contribute about 11 percent to gross domestic product and 56 percent to the foreign exchange earnings. However, the governments have failed to implement the ban on the use of jute and polypropylene bags for the transportation of seed cotton.
Viscose spun yarn price rises in China
In China, compact siro-spun 40s yarn in Jiangsu was up US cents 5 a kg in the second week of September while rayon weaving yarn 30s in Xiaoshan also rose US cents 5 a kg. Spun viscose yarn market sentiment was stable to firm, with prices of vortex-spun and siro-spun yarn firming up while they were unchanged for ring-spun and rotor-spun yarn. Offers were reported higher for rayon yarn due to rising VSF costs. VSF prices in China have risen more than 3.5 per cent in local currency and 4 per cent in US$ terms in the first two weeks of September.
Related Keywords: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price
Blended yarn price edges down in India
In India, polyester-cotton yarn prices dropped 1.7 per cent as both polyester and cotton prices have declined in the second week of September. This also implies that margins have slid at spinning mills, as far as they were not covered. 30s (65/35) PV yarn prices were down US cents 2 a kg on the week in Indore market. PC 30s (52/48) prices fell US cents 4 a kg on the week in Ludhiana market.
Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices
Pakistan enjoys less duty-free access to US despite being the biggest export destination
Related Keywords: annual trade balance, enjoys substantial trade surplus, exports comprise textile made-ups with shipments of home textile, in favour of Pakistan, market access in agenda of bilateral engagements, Pakistans biggest export destination, United Stated, US biggest donor, US Generalised System of Preferences, US tariff system unfair
The United States is Pakistan’s biggest export destination, during the last three years, the annual trade balance has been around $2 billion in favour of Pakistan and one of the few countries where Pakistan enjoys a substantial trade surplus.
Pakistan’s exports predominantly comprise textile made-ups with shipments of home textile standing at more than $1 billion and accounting for about 10% market share in the total US global imports of $13 billion. In 2014, Pakistan exported goods worth $3.6 billion and imported $1.5 billion of goods from the US.
Centre initiated non tariff intervention measure to curb jute imports
Related Keywords: Centre initiated non tariff intervention, curb unabated jute imports, jute good from Bangladesh, jute manufacturers of India and Bangladesh, non level playing field, re-register units, revived the Jute and Jute Textile Control order, SAARC treaty, specially from Bangladesh, zero duty on import
Under the SAARC treaty, there is zero duty on import of jute goods from Bangladesh, thereby creating a non level playing field between jute manufacturers of India and Bangladesh. The Centre has initiated non-tariff intervention to curb unabated jute imports, specially from Bangladesh.
According to a recent notice issued by the office of the Jute Commissioner, registration of the importers stands cancelled and the traders to whom the importers sell the imported jute/jute products and the end-users will have to re-register their units in a given format.
