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Caprolactum price gains on healthy demand
Asian caprolactum prices gained US$30-50 a ton SE and FE in the fourth week of November. In China, spot offers for liquid goods jumped to US$80 a ton while solid good offers were stable on the week.
Crossbred wool continue to see further slump in prices
Higher stock levels in the textile pipeline resulting from fashion changes mainly in Asian countries and a lower UK pound has resulted in a dramatic fall in crossbred prices the past six months.
Shortage of textile force Bata to import textile from Kenya
Bata Shoe Company, Zimbabwe’s largest shoe manufacturer in light of the shortage of textile has been forced to import textile from Kenya. Bata managing director, Mr Ehsan Zaman said that they
Jute industry in North Andhra seek financial package from govt
A delegation of management representatives planned to meet Chief Minister N. Chandrababu Naidu for seeking financial package for the jute industry in North Andhra region as it is facing deep crisis
New cotton arrivals this season affected by demonetization
Demonetization has affected cotton arrivals in the market as farmers are not bringing cotton to the mandis due to widespread prevalence of cash payments. . There has been a 30 percent drop in
Textile units asked to open bank accounts to pay employees
To mitigate the impact of demonetisation faced by the textile units including garmenting units to make payment of wages to workers, the government has asked textile units to bring the textile worker
Rising demand for quality cotton pushes prices higher
Trading activity at Pakistan cotton market witnessed rising demand for quality cotton pushing prices higher on Thursday where leading spinners and some exporters remained in the front of buying
Demonetization digitizes Surat textile industry
Post demonetization, the textile industry has launched a drive to digitize the industry in the pretext of the closure of many textile units after the Government’s financial move. Due to the
Polyester yarn price remains range-bound in Asian markets
In Shengze, offers for 32s and 45s polyester yarn were up in the third week of November. In Qiangqing, offers for 32s weaving were flat on the week. Falling Yuan did not impact pricing in US$ term.
PTA price dips on weak futures in Asia
Asian PTA prices were down US$9 a ton CFR China and CFR Southeast Asia in the third week of November. In China, offers for nearby-month goods values were slightly down from last week. Purified
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