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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: CITI, excise duty, increase in demand, manmade fibre, MEG, mono ethylene glycol, per capita consumption, PTA, Purified terephthalic acid, synthetic fibre, Textile Industry

Globally, manmade fibre accounts for 70 percent of the fibre consumption while in India; it is less than 30 percent. The Indian textile industry to boost use of synthetic fibre want reduction in excise duty on all manmade fibre and filament from the existing 12 percent to 6 percent. As reduction in excise duty in manmade fibre will lead to increase in demand.

Related Keywords: bamboo and banana fibre, handloom, knitter, manmade fibre, powerloom, Sessions on shuttleless looms, Southern India Mills Association, Southern India Mills’ Association (SIMA), speciality yarn, TexFair 2015, Textile mills

Southern India Mills’ Association (SIMA) to organize Texfair 2015, ninth edition will bring together the manufacturers and suppliers of textile machinery, spares, accessories, components and the consumers such as textile mills, powerlooms, handlooms and knitters under one roof. The exhibition will focus not only on spinning, but also on weaving and processing sectors.

Related Keywords: British brand, British tweed, carpets and transport upholstery, demand from leading designers, fashion accessories, fashion clothing, manmade fibre, sales of British wool, UK wool industry

UK's wool industry is making a big comeback thanks to demand from leading designers, after nearly being killed off by man-made fibres. Wearing wool is back in fashion. Sales of British wool have jumped by two thirds to £300m in six years. The annual sales have risen by 70pc from £180m in 2007 to £300m last year as the trend for typically British brands has come back into fashion.

Related Keywords: cotlook index, Cotton fibre, cotton in india, cotton in us, cotton prices in Pakistan, manmade fibre

Related Keywords: acrylic, APTMA, fabric waste, import duty, manmade fibre, Pakistan textile industry, raw material, viscose

All-Pakistan Textile Mills Association (Aptma) has drawn the attention of the Federal Minister for Textile Industry Abbas Khan Afraidi towards the duty of five percent still imposed on imports of specialized manmade fibre, such as viscose, acrylic, bamboo, lycra and slub due to which the industry is facing problems. Aptma Chairman Mohammad Yasin Siddik, in a letter to the minister, has stated that Pakistan has no plants for producing specialised manmade fibre.