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Asian paraxylene prices lost US$3-4 a ton FOB Korea and CFR Taiwan/China in the first week of February.

Asian paraxylene prices first fell and then rose on 4th February 2016 again to decline on Friday although the week on week numbers moderated.

In US, spot demand for paraxylene remained weak as derivative markets were happy with supply and as Asian need for US imports were low but there were cargoes moving toward Asia a few weeks ago. Thus, arbitrage to Asia remained open on paper. Mixed xylene prices also fell week on week.

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

Related Keywords: affect textile export activities, APTMA, demand immediate tax holiday, entire textile value chain, import of cotton, off set decline in textile exports, Pakistan cotton crop for the year, PCGA, sharp reduction in output, textile manufacturers, trading partners, USDA, withdraw levy on cotton import

Pakistan cotton crop for the year 2015/16 due to its sharp reduction in output, textile manufacturers are anticipate serious affects on export activities for which they demand for an immediate tax holiday on import of cotton, that might off-set decline in the textile exports.

Related Keywords: Amravati district, chairman and MD Gautam Singhania, Chief Minister Devendra Fadnavis, develop the textile parks, dream project, investment of rupees one thousand four hundred crore, Maharashtra government, Make in India Week, Raymond, set up integrated textile manufacturing plant, signed MoU, textile major

Raymond, textile major has signed Memorandum of Understanding with Maharashtra government for setting up integrated textile manufacturing plant an investment of Rs 1,400 crore in state's Amravati district, chairman and managing director Gautam Hari Singhania told reporters on the sidelines of the ongoing Make in India Week held in Mumbai today.

Related Keywords: acquires specialty textile maker, business unit across the organization, Duvaltex, high performance fabrics, interior fabrics, largest manufacturer of commercial, plans to improve each operation, production facility in Guilford, Quebec holding company, specializing in textile innovation and development, True Textiles

The Quebec holding company Duvaltex specializing in textile innovation and development has acquired specialty textile maker True Textiles Inc., which has a production facility in Guilford. The purchase combines True Textiles with the Quebec-based Victor Textiles, which Duvaltex said will make it the largest manufacturer of commercial or interior fabrics in the United States and Canada.

True Textiles, headquartered in Grand Rapids, Michigan, has locations in North Carolina, as well as a design and development office in New York City.

Related Keywords: Bachaana stars Sanam and Mohib, inaugurates first flagship store, Lala Signature Series, Lala Textiles, leading clothing brand of Pakistan, Pakistan textile industry, sixty six year of business

Lala Textiles is Pakistan’s leading clothing brand being ranked at a good position in the textile industry since its establishment back in 1947 has choosing the busiest day of the week to inaugurate their first flagship store in 66 years and bringing in stars of the moment.

Related Keywords: boosting overall textile exports, Denim industry expected increase capacity, fastest growing apparel fabric segment, fil the gap of three hundred million meters, global hub for branded denim, increase share of exports, Indian denim industry, International Denim Conference, see major denim fabric and apparel players, tap full export potential

The Indian denim industry has been one of the fastest growing apparel fabric segments and is looking to gradually increase its share of exports from its current 35% to 65% as there is a gap of 300 million meters in India if the denim industry wants to tap its full export potential, according to experts. The sector’s current share of domestic sales is 65%.

Diagonal Consulting (India), is organizing the International Denim Conference in Ahmedabad jointly with the Confederation of Indian Textile Industry (CITI) on February 19 and 20, 2016.

Related Keywords: Craft Cluster initiative, during Destination North East, Indian Handloom Brand, Ministry of Textiles initiative, NIFT, organized fashion show, presented beautiful and enriched collections, promote North East handloom, renowned designers, retain sanctity of traditional hand-woven textiles, showcased rich heritage of handloom textiles

Ministry of Development of North Eastern Region, Government of India, National Institute of Fashion Technology and The Indian Handloom Brand (IHB), a Ministry of Textiles initiative, organized a Fashion Show at Pragati Maidan during "DESTINATION NORTH EAST- 2016" where rich heritage of handloom textiles was showcased to promote North East handloom.

Indian Handloom Brand and NIFT has been a pioneer in preserving the regional traditions through its Craft Cluster initiative, which is integrated into the curriculum.

Related Keywords: announced policy of Maharashtra, Chandrakant Patil, encouraging investors with self financing, extend capital subsidy, MIDC, projects financed by banks, revive ailing textiles units, self financed textile unit, Texprocil, textile sector, textiles minister

Textiles minister Chandrakant Patil announced the policy of the Maharashtra Government to extend a capital subsidy to those textile units which are self-financed. Initially, Capital subsidy was allowed only for those projects that were financed by banks.

Related Keywords: filament yarn export market, filament yarns export worth, nylon filament yarn export to USA, nylon yarn export of India, polyester DTYs import in Brazil, polyester yarn export worth, Polypropylene filament yarns market, viscose filament yarns export to Japan, viscose yarn export to Germany, yarn export to bangladesh, yarn export to Brazil, yarn export to turkey, yarn exports of India, yarns export worth

In December 2015, all types of filament yarns export of India aggregated 33.9 million kg, down 25.5 per cent YoY while value declined 35.6 per cent to US$54.7 million. Filament yarns include polyester, nylon, polypropylene and viscose filament yarns and were exported to 73 countries from India during the month. More than 89 per cent of filament yarns were of polyester, of which, DTYs were the largest at 72.6 per cent.

In China, semi-dull FDY70D/24F prices fell to US$2.14-2.22 a kg while FDY40D were at US$2.30-2.60 a kg in the first week of February.

Nylon DTY 70D/24F price rolled over at US$2.37-2.57 a kg while 30D/10F prices remained unchanged at US$3.14-3.29 a kg.

Monofilament 30D prices rolled over at US$2.37-2.60 a kg while 1.5D staple fiber were at US$2.11-2.17 a kg.

Nylon filament yarn market was flat on the back of stable caprolactum and nylon chips prices amid rebounding crude oil and benzene.

Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China