News Tags

Related Keywords: China wool market, Clean 35-micron wool prices, kiwi dollar, lamb wool prices, New Zealand dollar, New Zealand wool auctions, New Zealand's largest wool market, New Zealand’s wool exports, wool demand from China, wool export to China, wool import from China, wool prices in New Zealand

An increase in the kiwi dollar made New Zealand’s exports less attractive which led to a decline in wool prices of the country.

Clean 35-micron wool prices, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, dipped to $5.74 a kg, down $0.21 a kg at yesterday's combined North and South Island wool auctions, as compared to $5.95 a kg last week.

Lamb wool slipped to $7.14 a kg, down $0.11 from $7.25 a kg last week.

Asian PTA markers inched down US$6 a ton CFR China and CFR Southeast in the third week of January.

In China, several parcels of bonded goods on one-day trip were traded at US$536-538 a ton midweek.

Yisheng Petrochemical’s cash-based daily prices were down US$10 on the week while Hengli Petrochemical issued self-lifting offers at US$560-565 a ton, down US$5.

Purified terephthalic acid prices moderated a bit in Asian markets on surplus inventory amid thin trade. Meanwhile, buyers were heard to have lowered their bids further amid falling PET and polyester prices.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

In India, polyester yarn 30 knitting yarns prices in the third week of January were down US cents 6 a kg, due to weak INR, in Ludhiana market while they fell US cents 4 a kg in Indore, also due to weak INR.

In Ludhiana, prices have again lost INR2 on the week or about 6 cents per kg, as the INR was eventually sliding.

In Qianqing, offers for 32s polyester yarn prices rolled over on the week, and those for 45s remained unchanged.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

Related Keywords: arrival of cotton in India, cotton arrival in Gujarat, cotton growing states in India, cotton output of India, cotton prices in india, cotton production of Gujarat, cotton production of India, cotton traders in India, domestic spinning mills, holding capacity of cotton farmers

The total seasonal arrival of cotton in India has dropped by 19% so far this year as compared to arrivals during the same period last year and this is because of the dull demand from domestic mills and increased holding capacity among farmers.

By the end of January 2016, the country's total seasonal cotton arrival was about 17.02 million bales (a bale of 170 kg) as compared to 21 million bales by the end of January 2015.

However, as compared to the total estimated cotton production of 36 million bales, the arrivals of 17.02 million bales forms around 47% of the output.

Taiwan origin 3D bright ASF tow prices rolled over at US$1.60-1.70 a kg while offers for regular products were partially at US$1.56-1.60 a kg in China.

In China, medium-length staple fiber prices were at US$1.78-2.00 a kg while cotton-type staple was at US$1.79-2.00 a kg, both rolling over from the second week.

Jilin Chemical Fiber maintained its list prices for January with 1.5D and 3D medium-length at US$2.00-2.01 a kg, while tow was at US$2.09 a kg and top at US$2.24 a kg.

Related Keywords: acrylic staple fibre, acrylonitrile prices, ASF prices, asf prices in China, asf prices in India, asf prices in Pakistan

Asian acrylonitrile marker, the CFR Far East Asia declined US$85 a ton in the third week of January.

In China, offers for offshore cargoes fell US$150 a ton CFR China from previous week. In East China, domestic prices stood US$974-$987 a ton on an import parity basis.

Acrylonitrile prices in Asian markets declined sharply on weaker demand and falling Chinese domestic prices falling for successive days.

ACN suppliers in China continued to cut spot offers that week resulting in wait-and-see sentiment dominating the market.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene

Related Keywords: best practices in the sector, Cotton export of India, cotton growing more sustainable, crop damage from whitefly in Punjab region, five-member committee formed, likely to rise to seventy lakh bales, Pakistan will overtake Bangladesh, research and innovation, rise in demand from Pakistan, Textile Commissioner, top importer of Indian cotton

India’s cotton exports during the previous cotton season, which begins from October 1, stood at 57.72 lakh bales. During the 2015-16 season, cotton exports are expected to rise by 21.27 per cent to 70 lakh bales (170 kg each) mostly due to rise in demand from Pakistan, a senior official said today.

Textile Commissioner Kavita Gupta said that this year, Pakistan will overtake Bangladesh as the top importer of Indian cotton as the demand in Pakistan has grown due to crop damage in Punjab region. Almost 33 percent of cotton crop in Pakistan has been damaged from whitefly.

Related Keywords: Bangladesh and Vietnam, competitiveness of cotton, cotton consumption of China, exporting around USD thirteen billion, fall in cotton consumption, forcast five percent down, ICAC, low value added textile produt exporters, non-cotton producing countries, Pakistan, textile products, twelve percent, value addition over four time higher

Pakistan likely to see a fall in cotton consumption to 2.2 million tons, a decline by 12 percent this year, by consuming 2.2 million tons of cotton it would be exporting around $13 billion of textile products. This was revealed in the monthly cotton update by the International Cotton Advisory Committee (ICAC).

Related Keywords: awarded Most Promising Brand of India, dealer booking Conferences, home furnishing, large collection of white fabrics, linen range, Mafatlal Industries Limited, school and corporate uniform fabrics and garments, unveiled new summer collection of Suiting, yarn dyed shirting

Mafatlal Industries Limited during the recently held dealer booking Conferences held at Amritsar, Ahmedabad, Kanpur, Mumbai, and Delhi unveiled its Summer 2016 Collection of Suiting, yarn dyed Shirting, linen range, large collection of white fabrics, home furnishings, School & Corporate uniform fabrics and garments.

Related Keywords: boost exports, Commerce Minister Nirmala Sitharaman, currency volatility, environment, finance, government to work with various departments, improving ease of doing business, issues on non-tariff barriers of other countries, meeting with EPCs, problems in dealing with customs authority, simplify procedures, Special Economic Zones, Textiles

Commerce Minister Nirmala Sitharaman after a meeting with export promotion councils (EPCs) in New Delhi on Tuesday said that the government will work with various departments including environment, textiles and finance to simplifying procedures towards improving the ease of doing business in the country and boost exports.

Many of the issues which are enablers to better exports have been identified, issues which may have a bearing on the forthcoming budget were also raised, she said.