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Related Keywords: cotton yarn export, cotton yarn export to Bangladesh, cotton yarn export to china, Spun yarn exports, textile export target, yarn import in Bangladesh, Yarn import in china

Spun yarn exports were unable to maintain its strength seen in January as they grew just 3.7 per cent in February as against 21 per cent clocked in the previous month. About 117 million kg of spun yarns were exported worth US$390 million or Rs 2,425 crore during February. In terms of growth, volumes were up 7.4 per cent while US$ value increased 3.7 per cent implying a fall in unit price realization, as the Rupee depreciated 16 per cent against the US$ in the comparable months.

Related Keywords: hardwood pulp price, softwood pulp price, Viscose fibre price, viscose filament price

Bearish end-use sentiment has been casting dark clouds over the entire chemical fiber industry in recent times and prices of most textile inputs have hit an 11-year low. Viscose industry is no different. Viscose producers have been snagged with great losses and the downtrend is predicted to continue. Manufacturers may successively cut production or undertake plant turnarounds to support prices.

Related Keywords: Benzene price, caprolactam price, nylon filament price, nylon textile price

Asian benzene prices marker rose US$12 on last Friday and US$23 week on week, to be assessed at US$1,244.50-1,245.50 a ton FOB Korea in the week ended 21 March, tracking firmer prices in the US. Prices were softer earlier in the week, but as western goods started climbing supporting Asian numbers. In Europe, as benzene inventories remained low and spot prices continued to be prone to sharp swings. Assessments for spot barges were heard at US$ 1,384.50-1,385.50 a ton FOB Rotterdam while CIF ARA numbers were at US$1,374.50-1,375.50 a ton, both up US$12 from last week.

Related Keywords: Arrow brand, Arvind Brands and Retail Ltd, Calvin Klein Inc, IZod brand, Murjani Group, Tommy Hilfiger

Arvind Brands and Retail Ltd has bought over Murjani Group’s stake in Calvin Klein Inc’s India business for Rs 88 crore. The unit of Arvind Ltd, has entered into a joint venture (JV) with global jeans and innerwear brand, Calvin Klein Inc., to take over its India business.

The NYSE-listed PVH group owned Calvin Klein’s business is valued at Rs 180 crore, which owns the brand and 51 per cent in the JV. Calvin Klein in India is estimated to have a turnover of Rs 140 crore.

Related Keywords: China Cotton Association, Cotton policy in China, cotton price in china, May cotton contract, New York cotton futures, reserve building policy

From 1 April, the Chinese government will accept bids as low as 17,250 Yuan a ton for standard-quality cotton in its daily auction. This will be 4.2 percent below the current floor price of 18,000 Yuan, stated China Cotton Association on 24 March. The move will bring the prices closer to world market and make import of fibre less appealing to its domestic mills. It will also release some of the stockpile on the global market.

Related Keywords: Chinese yuan, cotton export, cotton import in china, Indian rupee, textile export, yarn export

Export of textiles and other goods may be adversely affected if the Chinese currency Yuan continues to depreciate. Year to date, the Yuan has fallen 4.9 per cent against the INR and is predicted to fall further if the current slowdown in China deepens and shadow banking crisis and the defaults worsen.

Related Keywords: CITI, Confederation of Indian Textile Industry, D K Nair, SIMA, Southern India Mills Association, T Rajkumar, yarn export to china, Yarn import in china

China is now buying lesser yarn from India, putting Indian export under pressure. Moreover, buyers in China are insisting on lower pricing citing that Indian rupee has strengthened against US$. Over the past one month, Indian yarn export price to China has declined 6- 7 per cent and is hovering around US$3.30 a kg. Until January, China was importing about 110 -120 million kg yarn per month on an average.

Related Keywords: ethylene price, MEG price, paraxylene price, Pet price, polyester chip price, polyester fibre price, polyester filament price, PTA price

Demand for paraxylene has apparently rebounded a bit in the week of 21 March and prices were up in Asian markets. Hwever, in Europe paraxylene spot price was assessed down as the market was in bad shape, no demand and prices low. Purified terephthalic acid, a derivative of paraxylene, saw prices rising in Asia amid operating rate cuts by Chinese PTA producers and cost support. The markets warmed up a little and offers for cargoes were maintained above previous week’s level. In Europe, production rates for PTA increased recently, but were still low as demand remained weak.

Related Keywords: ethylene price, MEG price, mono ethylene glycol price, paraxylene price, polyester filament price, Polyester price, polyester staple price, PTA price, purified terephthalic acid price, spun polyester price

As bearish sentiments continue to cast dark covering over the entire chemical fiber industry, prices of most varieties are hitting 11-year low. Producers are caught in great losses and the downtrend is predicted to extend for some more time. For immediate relief, manufacturers may successively start cutting production or plan turnarounds forcing supply tightness to support prices.

Related Keywords: Acrylic fiber price in Asia, acrylic staple fiber price, acrylonitrile price, Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, propylene price, Propylene price in Asia, Propylene price in Europe, Propylene price in USA

Acrylonitrile prices rose in Asian markets in the week ended 24 January, tracking higher production costs and tightening supplies. However, trades were scarce amid cautious buying sentiment in the week. In Europe, spot prices for acrylonitrile rose to a nine-month high on tighter supply fundamentals. Meanwhile in US domestic acrylonitrile prices also jumped to a nine-month high on higher feedstock propylene cost. Asian acrylonitrile markers surged US$30-40 with CFR Far East Asia to be assessed at US$1,979-1,981 a ton while CFR South East Asia moved up to US$1,960.