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Related Keywords: China, cotton, exports, fabrics, fibres, Imports, production, research, trade, yarn

India Ratings and Research (Fitch Group) has published the August 2019 edition of its credit news digest on India’s textile sector. The report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres, yarns, fabric with a focus on commodity prices, imports/exports, production and recent rating actions.

Cotton prices continued to reduce in August 2019, mainly due to a fall in international prices. The agency expects the prices to fall further as global production is likely to be higher than demand growth.

Related Keywords: black, China, clothes, Hong Kong, pro-democracy, protest

After months of protests by black-clad demonstrators demanding democracy in Hong Kong, China has come up with a new countermeasure—banning the export of black clothes from the mainland to the territory. The South China Morning Post reports that customs officials in mainland China have ordered courier firms not to send black clothes, and many other items used by protesters, across the border.

Related Keywords: China, cotton, expansion, fiber, Filatex India, home textiles, India, manufacturing, polyester, production

Filatex India Ltd., a manufacturer of polyester and polypropylene multifilament yarn and polyester chips, after nearly competing a ₹850 crore expansion, is now planning to foray into the home textiles segment, where margins ‘are better than in the commodity business’, a top executive said.

“We are planning to enter the fabrics business, mainly home textiles, where the margins are better. We are still finalising the plans; this business would involve an investment of around ₹100 crore,” Madhu Sudhan Bhageria, chairman and managing director, Filatex India Ltd., said in an interview.

Related Keywords: apparel, China, fibre, garment, H&M, importing, Inditex, investment, retailer, Uniqlo, Zara

UNIQLO founder and chairman Tadashi Yanai — Japan’s wealthiest man — who runs one of the world’s largest apparel retail company Fast Retailing Group said the company has made significant investments in India ahead of the brand’s maiden store launch in the country on Friday.

Related Keywords: apparel, China, export, fibre, Intertextile, production, Shanghai, Textile

The vice-president of China’s National Textile and Apparel Council, Xu Yingxin, has said the textile industry is still one of the pillars of the Chinese economy and provides employment to more than 20 million people there.

Speaking at the Intertextile Shanghai exhibition at the end of September, Mr Xu said that, in 2018, China’s total mill fibre consumption reached 54.6 million tonnes and fibre production exceeded 50 million tonnes, accounting for more than two-thirds of global fibre production.

Related Keywords: apparel, Asia, China, export, fabric, fashion, garment, Lectra, technology

Lectra unveiled its flagship Industry 4.0 solutions for Asia — Fashion On Demand by Lectra and Furniture On Demand by Lectra — as well as the new VectorAutomotive iP9 fabric-cutting solution for automotive seating and interiors this week, at the 2019 edition of the China International Sewing Machinery and Accessories (CISMA) exhibition in Shanghai.

Related Keywords: China, consumer, cotton, export, futures, production, Textile, trading, Zhengzhou Commodity Exchange

Cotton futures closed lower Thursday on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January delivery lost 85 yuan (12.02 U.S. dollars) to close at 12,890 yuan per tonne.

On Thursday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 292,860 lots with a turnover of 18.93 billion yuan.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk.

Related Keywords: China, cotton, farmer, FICCI, India, market, production, silk, Smriti Irani

Union Textiles Minister Smriti Irani on Friday affirmed that India would become 'completely self-sufficient' in silk in the next two years.

She said that in the production of silk, India is second after China.

Irani was addressing a programme organised by business chamber FICCI.

She also said that technical textiles is the future of textiles and that she was keen on taking it forward.

Related Keywords: China, cotton, export, home-textile, India, retail, Textile, trade, US

The trade conflict between the US and China may be unsettling global trade. But home-textile exporters from India see a silver lining, though benefits could be insignificant if US demand remains subdued.

Indian companies expect to benefit from the imposition of US duties on imports from China. Beginning September, import duties will kick in on home textiles, including towels and sheets.

Related Keywords: apparel, China, clothing, enterprises, export, garment, MIIT, retail, Sales, technology

China's garment industry saw revenue expansion and dropping profits in the first seven months of the year, according to the Ministry of Industry and Information Technology (MIIT).

In the January-July period, the combined operating revenue of major garment enterprises each with an annual operating revenue of 20 million yuan (about 2.8 million U.S. dollars) rose 2.15 percent year on year to 896.2 billion yuan, MIIT data showed.

However, profits of those enterprises shrank 3.48 percent to 46.1 billion yuan compared with a year ago during the period, said the MIIT.