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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
2015-07-28 12:00:00
Pakistan witnessed rise in value added textile exports by 7.5pc in FY2014-15
Pakistan’s exports of value-added textile products witnessed raise by 7.5 percent to $4.517 billion in 2014-15 from $4.202bn a year ago. Also exports of readymade garments grew 10.5pc to
2015-07-10 12:00:00
Export potential for Indian synthetic yarn industry sees sharp decline again
Export potential for synthetic yarn in the Indian industry is seeing a sharp decline again with the dwindling Chinese economy. The recent market crash in China has a lot to do with bleak outlook of
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
2015-06-16 10:00:00
Lotte Chemical Pakistan has sought protection against cheaper imports of PTA
Lotte Chemical Pakistan Limited owned by South Korean conglomerate Lotte and a sole producer of pure terephthalic acid (PTA) used by the polyester industry seeks protection against cheaper imports of
2015-05-15 10:00:00
Pakistan textile industry growth hampered by the 6% import duty on PSF
Pakistan’s textile industry which is the largest manufacturing industry in the country and contributes about 8 % to its GDP is becoming “unviable†in terms of export of yarn and
2015-05-06 17:00:00
Vietnam plans to raise import tax on PSF from zero to 2pc
The Vietnam domestic fibre manufacturers have been facing harsh competition from imported fibre. The Ministry of Industry with the aim to rescue and encourage domestic production has plans to
2015-04-30 11:03:00
Have Indian spun yarns become competitive?
Export volume of spun yarns from India continue to grow in March 2015, while prices retreated compared to their year ago levels. At this price level, it appears that spun yarns made in India have
2014-07-08 17:51:00
Paraxylene tanks no major shakeup yet in downstream
Asian ethylene prices were up, although in varying degree on persistent tight supply amid several turnarounds. European ethylene spot prices gave back recent gains following a slump in naphtha
2014-05-08 17:56:00
Paraxylene Naphtha spread back to mid 2010 levels
There has been no contract price settlement for paraxylene in Asian market since February this year and the spot is used to peg derivative PTA values. Japan's JX Nippon Oil and Energy although
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