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Related Keywords: All Pakistan Textile Mills Association, basic textile raw materials cotton and PSF, cotton, domestic polyester manufacturers, entire textile export value chain, global market players, man-made textile products, manmade textiles, polyester fiber chain, Polyester prices, polyester staple fibre, PSF, PTA and PSF plants, PTA plant, raw materials, synthetic market, Textile exporters, yarn manufacturers

The yarn producers have urged the government to reduce import duties on the import of PSF from existing 7 percent to 2 percent as polyester prices have almost doubled in the last year. The meeting was also of the view that one of the main causes of the non viability of domestic polyester fiber chain is the protection extended to the obsolete PTA plant over the last 25 years.

Related Keywords: at 52 percent and at 0 to 16.48 percent less, Exporters from Taiwan and South Korea, lead to anti dumping duties, PSF, respectively in the U.S. market, sold low melt polyester staple fiber, than fair value, violating U.S. trade laws

Exporters from Taiwan and South Korea have sold the low melt polyester staple fiber (PSF) at 52 percent and at 0 to 16.48 percent less than fair value, respectively in the U.S., violating U.S. trade laws, that could lead to anti dumping duties the U.S. Department of Commerce said in a statement released Monday evening in the U.S. The petitioner in this case was Nan Ya Plastics Corporation, America, a wholly owned subsidiary of Nan Ya Plastics Corporation, Taiwan.

Related Keywords: begin collecting anti-dumping duties, China, imports of fine denier polyester staple fibre, India, Korea and Taiwan, less than fair value, Preliminary anti-dumping determinations, producers and exporters, PSF, selling merchandise, The US Customs and Border Protection, US department of commerce

The preliminary anti-dumping determinations by the US department of commerce that producers and exporters from the 4 countries China, India, Korea and Taiwan are selling merchandise at less than fair value. The US Customs and Border Protection to begin collecting anti-dumping (AD) duties on imports of fine denier polyester staple fibre (PSF) from these four countries.

Related Keywords: APTMA, demand imposing fifteen percent regulatory duty, direct and indirect workforce, domestic consumption, emergent meeting of member mills, import of MMF, particularly the polyester viscose yarn, polyester cotton yarn and pure polyester yarn, PSF, PTA, review import statistics of MMF yarn, serious threat for survival of spindles

All Pakistan Textile Mills Association Chairman Tariq Saud at an emergent meeting of the member mills held at the Punjab office of the Association to review the import statistics of the Man Made Fiber yarn for domestic consumption demanded of imposing 15 percent Regulatory Duty on the import of Man-made fibers, as it increased by four times in last four years and likely to reach to 57000 tones per annum by the end of 2015-16.

Related Keywords: apply to signatory countries, fabric produced from yarn, fiber manufacturing operations, involves twelve countries, made by TPP country, PSF, qualify duty free status, starting up or expanding, Trade agreement, Trans Pacific Partnership, under negotiation, United States led, US Trade Representative, Vietnamese companies, Yarn forward rule

United States led trade agreement Trans-Pacific Partnership (TPP) which involves twelve countries, is presently under negotiation. A key part of the proposed TPP is a rule known as “yarn forward” which would require that only fabric produced from yarn made by a TPP country would qualify for the trade agreement’s duty-free status. The rule is intended to ensure that the trade benefits of the TPP only apply to signatory countries rather than outside players such as China. However, the rule also likely to have major effects on signatory countries, such as Vietnam.

Related Keywords: Cooper River facility, DAK Americas, DAK's total PSF capacity, integrated producers, nonwoven PSF, PET, polyethylene terephthalate, product line of textile, production capacity, PSF, U.S. fibers market

DAK Americas is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas. As part of its expansion plan, DAK Americas LLC (DAK) has announced a project to increase the polyester staple fiber (PSF) production capacity at its Cooper River site near Charleston, S.C.

The project will increase the capacity of the Cooper River facilitiy by 55 million pounds per year (lbs/year) across the company's current product line of textile and nonwoven PSF offerings.

Related Keywords: ethylene price, MEG price, paraxylene price, polyester fiber price, polyester filament price, Polyester prices, PSF, PTA price

Asian ethylene markets were on the bullish note in the week ended 23 May as spot supplies tightened amid a lack of regional supply, supporting prices to rise. The markers rose US$12 a ton CFR Northeast Asia while South Korea marker was up US$5 a ton. Meanwhile European spot ethylene market tracked increase in naphtha values and ended at a six-week high, up Euro12.50 a ton FD NWE on the week. In US, spot ethylene prices recovered US cent 0.75 per pound despite thin trade while the market discussed producers preparing for third-quarter turn around.