In China, FDY70D/24F SD prices were up US cents 6 a kg in the second week of January while FDY40D surged US cents 10 a kg on the week. DTY 70D/24F prices were up US cents 6 a kg while 30D/10F rose US cents 13 a kg during the week.
Monofilament 30D prices were up US cents 6 a kg, while nylon staple fiber 1.5D prices rolled over during the week.
Asian caprolactum prices were up US$20-30 a ton SE and FE markers in the second week of January. In China, spot offers for liquid goods moved up US$30 a ton on the week.
Caprolactum prices moved up that week in Asian markets on tight supply and a rally in raw material benzene markets. In China, offers for liquid goods were hiked while values for solid goods edged down.
In contracts, Sinopec raised its January contract nomination which was up US$65 a ton while Fibrant Chemical raised its January settlement for liquid goods which was up US$50 a ton.
In China, offers for ring‐spun 30s weaving yarn in Xiaoshan rose were up US cents 2 a kg in the second week of January, while compact siro‐spun 40s yarn in Jiangsu rose US cents 5 a kg on the week.
In China, viscose yarn mills gradually stopped business for the upcoming festival, so overall trading atmosphere cooled down gradually. Market was nearly closed, seeing the mills mostly wrap up the business for the holidays. Some large‐size mills will also stop production gradually in the coming week.
In Qianqing, PC (65/35) 32s yarn prices rolled over in the second week of January while 45s PC combed yarn prices were stable on the week, however, both were down US cent 1-2 a kg due to weak US$. Blended yarn prices were unchanged in China, with demand actually very weak ahead of lunar year holidays. Inventories were relatively large in the textile industry, as spinners are again trapped with higher cotton prices than on foreign markets.
The Indian textile industry has been demanding a level-playing field with respect to cotton for a long time now and some rationalization is expected from budget 2017-18. The textile industry wants the next Union Budget to reduce the excise duty on manmade fibers and bring it on par with that of cotton.
The argument is that garments produced through manmade fibers are primarily used by the economically weaker sections of society.
The manmade fiber requirement of the Indian textile industry is expected to jump by at least five times by 2025 from what it is now.
Tana River County due to Bura and Hoal irrigation schemes are making a comeback in cotton growing again with hope of reviving the dwindling fortunes of the crop. According to agronomists from National Irrigation Board (NIB) the schemes are piloting the crop afresh with plans to scale up production. This is aimed at recapturing the golden ages when the two schemes used to command 40 percent of the cotton produced in Kenya.
A major apparel and fabric sourcing trade show in North America, Sourcing at Magic connects manufacturers, fabric & trim suppliers, print design studios, and service providers all over the world to branded apparel and accessory companies, importers, designers, and product development teams to be held in the US this February.
The show will highlight the bustling African region with multiple factories and seminars. It will look at how the Trump administration may impact various free trade agreements and international trade relationships.
Vietnam’s apparel industry is growing rapidly. With an export growth of 20 percent a year, the sector is expected to generate a turnover of $40 billion by 2020. There has been a large inflow of foreign investments in the country’s textile industry, which has led to an increased demand for cotton.
Mainly exporting to Bangladesh, Pakistan and China, India is the world's top producer of cotton.
Vietnam may emerge as a major export area for Indian cotton soon after a series of Free Trade Agreements which constitute the Trans-Pacific.
Momad Metrópolis 2017, Spanish textile and clothing international trade fair a three day event will be held this February which will bring together street, urban and sustainable fashion at the show.
It is aimed at buyers and shop owners from around the world and showcases the latest trends and fashion styles of the coming season. The exhibition gives visitors the opportunity to contact the manufacturers directly, to network internationally and to receive a wide range of fashion and fashion styles.
Cotton growers in Queensland, who have been facing continuous energy price increase over a considerable length of time welcoming the Queensland government's announcement of a $10 million regional business support package is a step in the right direction as part of its response to the Queensland Productivity Commission's Pricing Inquiry final report, but more needs to be done.
