Naphtha prices fell
in Asia and Europe in the week of 18 August
on weakening upstream crude prices. Naphtha
was priced at about US$620 a ton CFR Japan.
Given the prevailing bearish sentiment in
the market prices are expected to decline
further. As of 18 August, Asian open specs
for naphtha were quoted US$25 a ton lower,
than the previous week's close. Bids for
the first half of October were at US$623
a ton CFR Japan, the asking rate being US$625
a ton.
Vardhman Group, one of the largest textile groups in India having an annual turnover of Rs 2200 crore at present is aiming at achieving a total turnover of Rs 3500 crore per annum after the completio...
Sri Lanka is exploring possibilities to tie up with Canada for a free trade deal to push its apparel exports. Talks have already begun Canada. The US and Europe together take up about 90% of Sri Lanka...
India has turned up to be one of the major beneficiaries of US restrictions on Chinese textile exports during the first six months of the current year. India's textile exports to the United States ros...
Majority of Indian textile companies have made aggressive purchase offers to Czech textile mills and negotiating the establishment of warehouses and showrooms at the Sylo a Kabo trade fair held from A...
NAPHTHA
