In US, MEG market remained on upward trend in the second week of March reaching three-month high on tighter supply as maintenance activity provided pricing support. US spot MEG increased US cents 1.50 per pound FOB USG on the week.
In Europe, MEG spot prices were up on tight availability amid stable demand and limited imports. European MEG edged up Euro10 a ton FCA NEW on the week.
Asian paraxylene prices rose US$17 a ton FOB Korea in the second week of March. Isomer-grade mixed xylenes was assessed up on the week at US$632 a ton FOB Korea and US$652 a ton CFR Taiwan.
Paraxylene prices rose opening the week in Asian market as crude oil values firmed while they moderated a bit in the subsequent days only to rise weekend on firm bids. Meanwhile, isomer grade mixed xylene prices were up tracking gains in up and downstream amid thin activity.
India’s spun yarn exports in February 2016 were up by 22.8 per cent in volume terms while it declined 17.3 per cent in value terms. Spun yarn (all kinds) shipments in February 2016 were at 158 million kg worth US$307.9 million while the average unit price realisation was down US$0.95 a kg as compared to the same month last year.
In China, semi-dull FDY70D/24F prices increased US cents 4-9 a kg in the second week of march while FDY40D were up US cents 9 a kg.
Nylon DTY 70D/24F prices were up US cents 6 a kg while 30D/10F prices were up US cents 2 a kg on the week.
Monofilament 30D prices inched up US cents 6 a kg while 1.5D staple fiber was stable on the week.
In China, liquid and solid good offers were both up US$55 a ton in the second week of March. Asian markers, the SE and FE markers further gained US$30 a ton on the week.
Sinopec revised its March contract nomination which was up US$40 a ton for liquid goods while DSM Nanjing announced March nomination which was also up US$40 a ton for liquid goods. High end caprolactum for March was settled higher at US$1,250-1,350 a ton.
Since the collapse of the Kisumu cotton mills (KICOMI), the textile industry went down with cotton farmers lacking a market for their crops. Now with the official opening of garment industry in Kisumu to boost its textile industry. The occasion was graced by Kisumu Governor Jack Ranguma.
The launch now means an opportunity for many fashion designers to make garments and sell them to the market.
This will deal a blow to the many second hand clothes traders who import their products from various countries abroad.
China and Nigeria share similarities in huge human and material resources, this is one of the reasons for Chinese Government to express interest in partnering with the Kwara State Government to develop a textile industrial park in the state.
This was made known at the weekend by the Chinese Ambassador to Nigeria, Gu XiaoJie, when the Kwara State Governor, Dr. Abdulfatah Ahmed, led a state delegation and a Chinese Company, Ming Bo Jin Sheng Star Company Limited, to the Ambassador in Abuja.
The Amazon India Fashion Week (AIFW), Delhi a huge platform for the fashion fraternity with the participation of LIVA as the official partner will give an opportunity for designers to explore themselves because it is really fluid.
LIVA fabrics are ready for fashion industry with ‘Ready to dye or print’ which have exceptional fluidity and natural base driven by fashion.
Quality, innovation and service are three main mantras for LIVA to excel. The brand is already tied up with 22 major brands and more are planned for the coming season.
Shima Seiki, originally known for glove-making machinery, took a technological leap in the 1990s in an effort to revive the flagging fortunes of Japanese apparel manufacturers. Japan’s apparel industry is turning to state-of-the-art technology in a bold bid to cut labour costs and secure its future.
At manufacturing giant Shima Seiki’s factory in western Japan, garments materialize in minutes, thanks to digitally-programmed automated machines that can turn out a sample seam-free pullover in half an hour with a push of a button.
The Lakme fashion extravaganza that is schedule to begin from March 30-April 3, will have the noted goan designer Wendell Rodricks present Indian textile collection in a contemporary modern way at the Lakme Fashion Week here.
Rodricks will celebrate the wealthy legacy of handwoven Indian textiles at the upcoming Lakme Fashion Week Summer/Resort 2016 here.
