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Cotton price drops due to low demand

Cotton prices tumbled across markets in the last week of July with numbers plunging midweek on fears that China, the world’s largest purchaser of cotton, may continue having problems with its economy. The US weather forecast for the southern US are dry, which emerged as good news for the growing cotton crop.

Benchmark December Futures lost further US cent 0.43 per pound for the week and the near month October contract fell US cents 1.83. The Cotlook A index also lost US cents 0.80 per pound while the China Cotton Index inched down 20 Yuan a ton.

Related Keywords: cotton export to china, cotton price, cotton prices in india, cotton prices in Pakistan

India's textile exports to face adverse impact with devaluation in yuan

Related Keywords: boost exports amid a slowdown, export-driven Chinese economy, face adverse impact, facing slow move, Indian textiles exports and clothing, its currency yuan, recessionary conditions in global market, sudden move on part of China, to devalue

Indian textiles exports and clothing due to recessionary conditions in global markets is already facing slow move, to further have an adverse impact with the sudden move on the part of China to devalue its currency yuan, an industry body has said.

China's central bank on Tuesday devalued its tightly controlled currency by close to 2% to boost exports amid a slowdown in the world's second-largest economy and the recent stock market crash.

Even as global exports are on a sliding path, this decline in global demand is putting pressure on the export-driven Chinese economy.

Silk Mark expo put on display one crore pure silk products

Related Keywords: designer sari collection, development of silk, display one crore pure silk products, entire process of silk production, eri and muga silk, functioning of weaving machinery, mulberry, organized by Silk Mark organisation of India, processing of final product, Silk Mark Expo, tussar, under central silk board, Union ministry of textiles

The Silk Mark Expo organized by the Silk Mark Organisation of India, under the Central Silk Board and the Union Ministry of Textiles has begun at Sree Mulam Club with the promise of authentic silk.

The expo was inaugurated by Home Minister Ramesh Chennithala on Wednesday. K.S. Menon, Silk Mark CEO; T.D. Koshi, consultant; and Babu Giridharan, senior executive; were present.

The expo has 50 stalls representing all silk producing States and centres in the country. Almost one crore Silk Mark products are available here. A major highlight is the designer sari collection.

Tirupur mills to monitor and analyse real time power consumed

Related Keywords: a wobbling pulley, conversion from cotton to yarn, dislodged belt, monitor and analyse, or a worn out motor, power cost a nightmare, power expensive, project to leverage internet of things concept, real time power consumed, Tirupur largest textile hub, yarn spinners

Tirupur, the largest textile hub, in a project to leverage the Internet of Things concept to see if power consumed can be cut through real-time monitoring and analytics. For yarn spinners, power cost are a nightmare as nearly 40% of the cost of conversion from cotton to yarn is taken up by power expenses.

However, the origin of problem lies in the malfunction of machinery. A dislodged belt, a wobbling pulley, or a worn out motor could result in more power being drawn without the problem being detected.

Galleria Intima to focus on boosting intimate apparel in India

Related Keywords: boost to attain global importance, focus on intimate wear manufacturing industry, Galleria Intima show, India global player, Intimate Apparel Association of India, overall textile and apparel sector, showcase fibres to laces

India has long been a global player in the overall textile and apparel sector, but in the intimate wear sub-segment India is yet to make in-roads in world trade, according to organizers of Galleria Intima, the Intimate Apparel Association of India (IAAI). This year, the show will focus on how the intimate wear manufacturing industry in India can be boosted to attain global importance.

Sales and exports of Indonesian textile industry remain sluggish

Related Keywords: Importing textile products from China, Indonesian Textile Association, Indonesian textile industry, more profitable, pressured in second half of the year, sales and exports remain sluggish, textile products

Indonesian textile industry would still be pressured in the second half of the year and predicted that sales and exports of textile products would remain sluggish, according to Ade Sudrajat, head of Indonesian Textile Association (API).

The domestic textile and related products market has been projected to generate Rp 60 trillion ($4.3 billion) in the second half of the year as local products hold only 20 percent of market share and the industry feels the effects of a dragging economy, an association chief said.

SIMA signs MoU with INSA for transporting cotton from Gujarat by ship

Related Keywords: by ship, cost much lower, initiative to promote coastal shipping, offer incentives, reduce cost, shipping companies agreed, signs MoU, SIMA, start transport cotton from Gujarat, textile spinning mill in Tamil Nadu, transporting cotton through ship, use RO-RO ships, with INSA

Southern India Mills’ Association (SIMA) has signed a MoU (memorandum of understanding) with INSA (Indian National Ship Owners' Association) for transporting cotton through ships. Textile spinning mills in Tamil Nadu to start transport cotton from Gujarat to their units here by ship as the shipping companies have agreed to reduce cost, said T Rajkumar, chairman, SIMA.

Viscose filament yarn market continues to remain steady

Viscose filament yarn prices rolled over during the last week of July, with modest demand-supply scenario at the producers’ level. Market offers for the first-class, second-class, and third-class rolled over in China. Export to Europe withered slightly, thus sales pressure shifted to domestic market.

On the other hand, trading sentiment moderated as distributors and downstream converters maintained small-volume procurement, pushing inventory at some producers up. Prices in India also rolled over previous week’s numbers.

Related Keywords: vfy export to Europe, vfy prices, vfy prices in China, vfy prices in India, viscose filament yarn prices, Viscose prices

Iranian researchers conduct study on producing nanofibers at desirable size

Related Keywords: conducting study, electrospinning method, Iranian researchers, on production of polymeric nanofibers, producing desirable diameter and size, textiles with waterproof and antibacterial properties

Iranian researchers conducting study on the effective parameters on the production of polymeric nanofibers through electrospinning method, which has led to the possibility of producing nanofibers with desirable diameter and size.

In this research, composite nanofibers of polycaprolactone/hydroxyapatite nanoparticles were produced through electrospinning method, and the effects of various process conditions were studied on the average diameter of the produced nanofibers.

PVN and Vinatex sign agreement on purchase of polyester fibre

Related Keywords: avoid fluctuations in the exchange rate., Dinh Vu Polyester plant. domestically and internationally credible, polyester fibre consumption agreement, produced by PVTEX, purchase of polyester fiber, PVN, reduce the import of raw materials, signed cooperation agreement, supply of raw materials of stable quality, Vinatex

Petrovietnam oil and gas group (PVN) and Vietnam National Textile and Garment Group (Vinatex) signed a strategic cooperation agreement regarding the purchase of polyester fiber produced by Dinh Vu PetroVietnam Petrochemical and Textile Fibre JSC (PVTEX). The agreement is the outcome after more than one year of commercial operation of Dinh Vu Polyester plant.

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