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ACRYLIC CHAIN
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Acrylic staple fibre prices in July were down in the Asian markets of China, India, and Pakistan during the month. In China, ASF offers reacted to the recent downtrend in the raw material ACN cost this month. Downstream demand was dull as yarn producers themselves witnessed lower sales, which in turn resulted into lower procurement of acrylic fiber during the month. Supply in the market was largely stable with many plants either idled or had cut production.
Acrylic, cotton prices mostly down in the key regions
APTMA clarifies the govt’s decision of imposing 10% duty on textile
Related Keywords: cotton index, fabric industry, regulatory duty on yarns, spinning mills in Pakistan, textile industry of Pakistan, textile mills in Pakistan, weaving mills
All Pakistan Textile Mills Association (APTMA) Central Chairman Tariq Saud stated that the government’s decision of imposing regulatory duty of 10% on yarn and fabric is sensible and based on thorough facts.
Around 40% capacity of spinning, weaving and processing mills has become impaired, closed and inoperative.
In this situation, the government’s decision would play a crucial role in saving the textile industry of Pakistan to come out of the crisis, said Tariq.
