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H&M and Ikea join to study recycled materials

Related Keywords: chemical, circular economy, exchange, H&M Group, IKEA, polyester, Recycle, sustainability, Textile, wool

The H&M Group and furniture giant Ikea have joined together to conduct a large-scale study of recycled textiles, as the companies announced at the 2019 Textile Exchange Sustainability Conference.

The two companies are currently reviewing chemical content in post-consumer textile recycling in a study that has been underway since May 2018.

H&M has been working towards a goal of increasing its use of recycled materials to become more circular, and therefore has an interest in understanding the chemical content of collected pre-owned textiles to ensure safe use of recycled materials.

China to introduce qualified overseas traders for cotton futures

Related Keywords: China, Commodity Exchange, cotton, exchange, export, future, import, overseas traders, PTA, statistics, Textile, trading

China's Zhengzhou Commodity Exchange said it will promote the introduction of qualified overseas traders in the trading of cotton futures.

The exchange listed the goal in a recently-issued white paper on cotton futures.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on the exchange in June 2004 to help cotton-related enterprises hedge the price risk. Since 2004, a daily average of 144,000 lots (5 tonnes per lot) have been traded.

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