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Rising benzene price supports downstream nylon chain
Asian benzene was dearer in the last week, ended on 1st April 2016, amid stable crude while demand in US is yet to rebound. Asian benzene markers were up US$9-13 a ton on the week and rose 15.1 per
Surat powerlooms to keep units closed to cut down production
Surat is the country's biggest man-made fabric (MMF) centre having over 6.5 lakh powerloom weaving machines, employing over 8 lakh workers manufactures over three crore meter of fabric per day. The
Garment traders downed shutters demanding roll back 2 pc excise duty
Branded garments will be out of reach for middle class sections with the implementation of additional 2 percent excise duty as they were already paying 5 percent excise duty, this will drive
PTA price climbs in Asia, down in US
Asian PTA markers were up US$11 a ton CFR China and CFR Southeast in the first week of March. In China, PTA values did not rise too much due to poor demand, but a deal was done at a high level of
Uganda's Textile Industry slowed down due to delayed policy
A decade ago, Uganda produced 254,000 bales of cotton annually, each weighing 185kg. About 10 percent of Uganda's annual cotton output is processed locally and 90 percent of its cotton as lint
Man-made fibre yarn export value down by 11.9pc in January
100 man-made fibre yarns export from India was valued at US$16.82 million in January 2016, down 11.9 per cent YoY while volumes were at 6.4 million kg, edged down 0.5 per cent as compared to the same
PTA prices surge in Asia, down in Europe
Asian PTA markers were up US$5 a ton CFR China and Southeast in the third week of February. In China, offers were between US$560-570 a ton, with buying ideas at US$550 a ton, but there was nearly
ASF market remains steady amid weak downstream demand
In China, medium-length staple fiber prices rolled over in the second week of February at US$1.79-2.01 a kg while cotton-type staple was at US$1.80-2.01 a kg. Jilin Chemical Fiber maintained its
Filament yarns export value decreases to $54.7m, down 35.6%
In December 2015, all types of filament yarns export of India aggregated 33.9 million kg, down 25.5 per cent YoY while value declined 35.6 per cent to US$54.7 million. Filament yarns include
Sluggish demand pushes cotton prices down in India
Cotton markets in India continued to reel under demand pressure. Weak demand from mills remained sluggish pushing cotton prices down by about 3% or INR1,000 per candy of 355 kg over the week.
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