News Tags

Related Keywords: DTY price, ethylene price, MEG price, mono ethylene glycol price, paraxylene price, pfy price, polyester fibre price, polyester filament price, Polyester prices, polyester yarn price, POY price, psf price, PTA price, purified terephthalic acid price

In the week ended 20 March, prices of polyester chain moderated a bit after generally rising earlier on cost support. While crude oil prices were up as US$ weakened on US interest hike uncertainty, Greece issue and report of a new four-year low in the number of rigs drilling oil in US, the impact was otherwise on the downstream derivatives. US crude jumped 4 per cent week end and European Brent snapped two straight weeks of losses as Iran struggled to reach a nuclear deal with world powers.

Related Keywords: asian petrochemical price, benzene prices, chemical fiber, ethylene prices, Europe petrochemical price, manmade fibre, paraxylene prices, propylene prices, US petrochemical price

Crude oil prices have been firming up in recent weeks but the general view is that they will remain relatively low for some time yet. While supply will remain, the demand side may see nothing change much. USA still gives mixed signals, even with the benefits of cheaper gasoline while in Europe there are many problems, especially in terms of low consumer demand in the north and low employment in the south.

Related Keywords: budget and textile, Confederation of Indian Textile Industry, excise duty on manmade fibre, excise duty on textile filament, Indian textiles, prem malik, Southern India Mills’ Association, Union budget 2015

The Union Budget 2015-16 has nothing for the Indian textile industry as it failed to consider the demands put forth by the industry. The industry has expressed disappointment over the budget announcements as the major demands have not been met.

The industry’s wish list submitted prior to the Budget announcement included:
Cut in duties to ensure that raw material costs, cost of converting raw material into finished goods as well as the tariff are less than or equal to international prices,
Reduction in excise duty from 12 per cent to 6 per cent, and

Related Keywords: Alison Ward, Cotton Connect, Cotton crop in china, cotton price in china, textile brands, textile retailers

Cotton Connect in its new report ‘China’s Cotton: A Growing Market Opportunity’ outlined the urgency of taking action at both - strategic and farm levels. It says that by leveraging technical, financial and political support for the industry – as well as providing urgent support at the farm level, brands and retailers have a chance to show leadership in building sustainable cotton interventions to help build a successful supply chain in China.

Related Keywords: ethylene prices, MEG prices, mono ethylene glycol prices, paraxylene prices, Polyester price, PTA prices, purified terephthalic acid prices

Polyester feedstock – ethylene and paraxylene and intermediates – purified terephthalic acid and mono ethylene glycol, prices are moving up now. In the week ending 20 February, although the major producer and consumer China was on a long Lunar New Year holiday prices strengthened during the week. It all began with crude oil prices recording three consecutive weeks of gains, both US futures and European Brent. Since end of January, oil prices have gained 13 per cent on news of falling rig counts in US. This led to support to downstream derivative naphtha markets.

Related Keywords: acrylic fibre export, Cotton export from india, cotton export to china, cotton import in china, polyester staple export, viscose fibre export

Staple fibre shipments in January stood at 118 million kg, (cotton, ASF, PSF, VSF, PPSF and wool) worth INR1,125 crore or US$182 million. Cotton alone accounted for more than 90 per cent of all types of fibre exported during the month at 592,900 bales or 100.8 million kg worth US$157 million. Another 17 million kg of manmade fibres were also exported during the month worth US$25 million.

Related Keywords: nylon, nylon filament export, polyester, Polyester filament export, polypropylene and viscose filament yarns, viscose filament export

During January 2015 over 35 million kg of filament yarns (all types) were exported to 87 countries. These include polyester, nylon, polypropylene and viscose filament yarns. Close to 95 per cent of all filament yarns was of polyester, of which, DTYs were the largest at 76 per cent.

Related Keywords: acrylic yarn, polyester yarn, Spun yarn export, viscose yarn, yarn export prices, yarn export to bangladesh, yarn export to china

The fall in FOB per unit export price of spun yarns is apparently arrested in January. The month saw close to 115 million kg of all kinds of spun yarns exported from India worth Rs 2,470 crore or US$398 million, implying per unit realisation of US$2.98 per kg. This was US cents 3 higher than the realisation in December 2014. However, it was US cents 38 lower from January 2014.

Related Keywords: Devendra Fadnavis, FICCI, industries in Mumbai, infrastructure in Maharashtra, infrastructure in Mumbai, Maharashtra industries minister, MMRDA, Progressive Maharashtra 2015, Subhash Desai

In the first 100 days of the new government in Maharashtra led by the 44-year old chief minister Devendra Fadnavis, there has been no discernible change in the industrial sector in the state meeting the eye. But behind the curtains, a lot of ground works, preparatory works, studies, interactions with various stakeholders and systems understanding has been accomplished.

Related Keywords: cotton yarn export, Cotton yarn prices, Spun yarn export, spun yarn prices

Export price of spun yarns have been falling since June 2014 and continued into December. Close to 135 million kg of spun yarns were exported worth US$398 million or Rs 2,470 crore. Compared to last year, volumes were up 9 per cent while earnings in US$ term fell 4 per cent implying a 12 per cent fall in unit price realization, as the Rupee appreciated 0.6 per cent against the US$ in the comparable months. Overall unit price realization averaged US$2.95 /kg was, down US cents 3 from previous month and US cents 39 from December 2013.