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2015-08-21 09:58:56
PTA price in Asia faces the brunt of sluggish demand
Purified terephthalic acid prices in Asian markets slipped in the first week of August amid bearish downstream polyester markets as end-users remained sluggish, expecting the lack of buying interest
2015-08-17 15:45:00
China sneezes and textile world may catch cold soon
The People’s Bank of China (PBC) devalued the Renminbi (RMB/Yuan) on 11 August by 2015 by 1.9%, the largest one day devaluation since 1994. The ‘daily fix’ of the currency to the
2015-08-17 15:00:00
Market for purified terephthalic likely to see expansion in coming years
With the growing demand for polyester specifically in China, the market for purified terephthalic is likely to see expansion in the coming years. Furthermore, the country is emerging as a global
2015-08-17 08:55:42
Spun yarn price sees continuous fall in Asian markets
Cotton yarn markets saw low transactions in the first week of August for domestic goods in China while imported yarn took a larger share, particularly of Vietnam-origin. In India, although cotton
2015-07-23 16:40:00
Nylon chain bungee jumps pushed by crude oil
The nylon chain was no exception to the falling crude oil prices. The fall in oil prices which began after they peaked in June 2014 continued for another year and is slated to march south for a few
2015-07-08 14:00:00
Indian textile sector likely to see overall stable growth with some hurdles in the current financial year
The Indian textile sector has a stable outlook on the account of lower input costs, robust domestic demand and competitiveness in apparel exports in the current financial year, according to report
2015-06-30 14:00:00
Fibres Conference 2015 to address future of industry to take place in Milan this November
Global fibre and textile supply chains have endured difficult and unpredictable last three years in which raw material prices have soared and crashed. Heavy investment in China and volatility in
2015-06-30 12:00:00
Indonesian yarn manufacturers urge to impose temporary safeguard duty on imported yarn products
Indonesia’s local yarn manufacturers to protect the country’s domestic industry whose products, particularly polyester is struggling to compete with cheaper imported yarns due to higher
2015-06-23 17:38:00
Indonesian yarn markers want safeguard duty on yarn imports
Yarn producers in Indonesia have urged the government to impose a temporary safeguard duty on imported yarn, which they claim is severely damaging the local producers. Local yarns, especially made of
2015-06-23 06:54:17
Asian MEG markets undergo correction, fundamentals stable in US and Europe
Asian mono ethylene glycol markets were under correction in the week ended 12 June from its earlier bullish week as players were mulling over the waning polyester demand and reduced operating rates
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