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PTA price slips in US, Europe
In US, January PTA price was set down from December and little change is expected in February pricing. January PTA price was down US cents 1.72 a ton from December. In Europe, PTA contract prices
Chinese textile company buys Carlstadt warehouse for US distribution center
A Chinese textile company buys a newly constructed 53,000 square foot warehouse at 1 Palmer Terrace in Carlstadt’s industrial section in January for use as its first U.S. distribution
Indonesian Textile Industry sees hope for a better future
Indonesian textile industry is one of the many sectors that have hit a low during the slowdown of the global economy. As Indonesia is failing to compete with Vietnam, many textile firms in Indonesia
China trims yarn import from India but Pakistan fills its yarn gap
Spun yarn exports from India were up 2 per cent in volume terms but down 8 per cent in value terms in January 2016. The marginal increase in volume reflect the weakening global demand while the
Acrylonitrile market lusterless amid tight supply in China
Asian acrylonitrile marker, the CFR Far East Asia was flat in the second week of February at US$979-981 a ton while Southeast Asia was at US$899-901 a ton. In China, offers for offshore cargoes
Trading remains lean on grade issue on cotton market
Trading activity remained lean as buyers were reluctant to make any sizeable deal though price was low at the lint market on grade issue, floor brokers said. Some spinners finalized deals of fine
Pak sets cotton output target for next season at 14.101mn bales
Pakistan cotton production which is on the downward trend from 33.62 percent to 9.687 million bales during this season to February 15 owing to pest attacks and rainfall damaging the crop. The
Nylon yarn price remains stable in Asian market
In China, semi-dull FDY70D/24F prices rolled over while FDY40D were stable in the second week of February. Nylon DTY 70D/24F prices remained unchanged while 30D/10F prices were steady on the week.
Caprolactum price falls in China amid inactive trading
In China, liquid good offers fell US$45 a ton while solid goods offer was down US$15 a ton in the second week of February. Asian markers, the SE and FE markers rolled over at US$1,050-1,100 a
Cotton price in India rises on fresh demand, leads to hike in yarn prices
In India, cotton prices edged up in the third week of February on fresh demand from domestic yarn mills after prices declined in the previous week. Gujarat Sankar-6 cotton gained INR500 to INR33,600
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