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Indian Textile NewsCotton: Cotton Future jumps on Cotlook`s estimate Cotlook Ltd lowered its outlook for global production, pegging output to fall 2.7% than previously forecast at 26.73 million ton, citing continuing drought in major cotton tracts in the US. Cotton Fut... Viscose Chain: Prices fall continues Prices of viscose staple fibre were down although monthly settlements were under pressure from expected lower offers for next month. In China, producers were keen on keeping prices firm during the wee... Acrylic Chain: ASF price falls Propylene prices declined further in Asia, dragged by healthy spot availability and a sagging upstream energy complex. In Europe, the July contract price was the focus of the propylene market's attent... Nylon Chain: Caprolactum firms up Benzene prices slumped to their lowest in five months in Asia as the slide in crude futures blackened market sentiment. In Europe, the NWE spot price closed the week flat to the previous week followin... Polyester Chain: Weakness setting in Ethylene markets in Asia were showing signs of recovering end-users in Southeast Asia returned slowly to the market. Prices were lifted by emerging spot demand for H1 August. In Europe, spot prices de... Crude oil: Euro zone debt push prices down Crude oil futures in USA posted the third week of losses on worries about euro zone debt and IEA's decision to tap oil reserves to help lift economic growth. The uncertainty on whether Greece's parlia... Kuwait`s crude oil exports to China jump 62.4 percent Kuwait's crude oil exports to China surged 62.4 percent in May from a year earlier to 966,000 tons, equivalent to around 228, 000 barrels per day (bpd), the latest government data showed. Kuwaiti sha... PKN ORLEN signs agreement with STASCO for crude oil deliveries to ORLEN Lietuva Polski Koncern Naftowy ORLEN S.A. informs that on 24 June 2011 it signed a spot agreement with Shell International Trading and Shipping Company Limited, London, Great Britain ("STASCO"), for crude oil... Australia - Wool shortage keeps pushing up prices A shortage of quality wool continues to help set record prices. The Eastern Market Indicator rose three cents last week to 1436 cents. Wool broker Marty Moses says dema... Pakistan - Textiles sector waiting for Rs24b duty draw back An amount of Rs24 billion of textile sector stuck up on account of duty drawback and the efforts are being made to get at least apart of amount released by the ministry of finance so that textile sect... Koreans mulling $500m investment in Pakistan A South Korean conglomerate, Lotte, plans to invest up to dollars 500 million in Pakistan. This was stated by Executive Director of Lotte Pakistan PTA Limited Jung Neon Kim. ... China - Hengyi Petrochemical to raise 3B yuan in private placement Hengyi Petrochemical (000703) intends to raise three billion yuan by issuing 65 million shares at 46.4 yuan per share in a private placement, reports Shanghai Securities News, citing a company filing.... Japan May petchem naphtha imports fall 9 pct y/y Japan`s naphtha imports for the petrochemical sector fell 9 percent in May from the same month a year earlier, government figures showed on Monday. Imports of naphtha for ethylene produ... India - Textile workers moving to other sectors due to low wages Well-paying jobs are wooing textile workers to move to other fast-growing sectors, thus causing labour shortage in the domestic textile and clothing industry facing an immense challenge in mobilising ... India - Workers crisis causing capacity cut in textile units India's textiles and clothing industry is in short supply of workers, since they are either shifting to other fast-growing sectors or moving to their native land in rural areas, causing a capacity cut... India - Powerloom textile design centre inaugurated A Powerloom Textile Design Centre has been set up at the Power Loom Development and Export Promotion Council office at Palayapalayam in the city PDEXCIL National Chairman, Bharathkumar Chajjar, who in... Tanzania losing $8m annually in cotton trade Tanzania is losing $8 million annually due to the dwindling quality of its cotton. Minister for Agriculture, Food Security and Co-operatives Jumanne Maghembe, said the quality of the c... Egypt lays cornerstone for Mideast`s largest polyester project Egyptian Minister of Petroleum and Mineral Resources Abdullah Ghorab on Friday laid the cornerstone for the Middle East's largest polyester project in economic zone northwest of the Gulf of Suez. ... Vietnam - Garment, textile exports surpass US$6 billion in six months The total apparel export turnover in the first half of 2011 is estimated to reach US$6.16 billion, representing a year-on-year increase of 30 percent. Speaking at a press briefing in Hano... Japan`s Maruzen to restart naphtha cracker Saturday Japan's Maruzen Petrochemical Co Ltd said on Friday it would restart its 480,000 tonnes per year naphtha cracker in Chiba, east of Tokyo, on Saturday, following a gas leak from a compressor unit. ... India - Punjab wants Centre to lift ban on cotton exports Punjab Agriculture Minister Sucha Singh Langah today appealed to the Union Government to immediately lift the unilateral ban on cotton export so that cotton farmers could get good price in internation... Cotton Market Rally driven by US production decline speculation Cotton bucked the negative trend in markets this week, rallying 13.08% on speculation that production in the US, the worlds biggest exporter of the commodity, will decline. The market... Pakistan - MoF approached for release of stuck-up funds Ministry of Textile Industry (MINTEX) Secretary Shahid Rasheed on Thursday approached the Ministry of Finance for the release of stuck up funds amounting to Rs 24 billion, in the shape of duty drawb... India - Orissa ropes in top designers to revive handloom sector The Orissa government has roped in top fashion designers to revive the state''s handloom sector which went into a crisis following low demand for handloom products. Fashion designers like Sabyasachi M... DuPont restarts US nylon plants to keep up with growing demand Officials with DuPont Co. dont need to be convinced the economic recovery is for real. Theyve already acted on that belief in the last nine months, restarting nylon resin plants in Tennessee and Vir... USA - Prices fall for polypropylene and PET resins Since June 1, North American polypropylene makers have learned that what goes up must also come down, with prices tumbling an average of 15 cents per pound. Regional makers of PET bott... India - 15 eastern textile factories down shutters All textile factories expect one were closed in the eastern region, pouring investment worth over a billion rupees down the drain. Unable to face stiff competition with ready-made cloth... India, Russia ink pact to boost apparel, textile industries India and Russia have signed a pact to boost investment and trade in textile industries in both the countries. A memorandum of understanding (MoU) was signed here on Tuesday by the Appa... Japan`s Tonen restarts naphtha cracker after problem Japan`s Tonen Chemical Corp restarted its naphtha cracker in Kawasaki, south of Tokyo, on Thursday morning after roughly two weeks of shutdown, its parent TonenGeneral Sekiyu KK , Exxon Mobil's Japan ... World Fibers Demand and Supply Trends - 2010 Global availability of all kind of manmade and natural fibres were up this year after declining signifi-cantly in 2008. While natural fibres had witnessed a decline of 9.4% in 2008, manmade fibres pro... World Cotton Fibers - Demand and Supply Trends - 2010 Cotton production has traditionally grown along the trend line (see chart long side) until 2003 and since then has changed dramatically with the increasing approval and cultivation of genetically modi... World Acrylic Fibers Demand and Supply Trends - 2010 The acrylic fibre production witnessed further decline in 2009, marking the fifth fall in a row and seventh annual decline since 2000. In total, the loss of volume in the last five years was around ... World Viscose Fibers - Demand and Supply Trends - 2010 The viscose fiber/filament industry recovered in 2009, with production growing 10% as against the decline of 13% it suffered in 2008. Staple fibers production increased 12% to .. million tons while f... World Polyester Fibers Demand and Supply Trends - 2010 Polyester staple fibre production grew 3.4% in 2009 to million tons. The growth regions were Africa, Asia, and Central and East Europe. Net capacity addition globally was .. tons during the year,... China imports 145,000 tons of cotton in May, down in two consecutive months According to statistics of the China Cotton Association, China imported 145,000 tons of cotton in May 2011, down 27% year-on-year and down 31% month-on-month. Besides, the average import price continu... According to the latest estimates by the Paris based International Energy Agency, UAE oil output in May fell 3.59% from the previous month to 2.42 million barrels a day. But output was significantly a... South Korea May crude imports down 5 pct yr/yr South Korea's crude imports fell 5 percent in May from a year earlier on weak demand for oil products, while the country's crude runs jumped nearly 10 percent thanks to firm refining margins, state-ru... Pakistan - Cotton production expected to rise by 28pc Weather conditions in Pakistan are expected to leave a positive impact on cotton production in coming days. The cotton production is expected to rise nine per cent in the international market and 28 p... India - 5.98 lakh ha under cotton in Haryana Cotton has been sown over an area of 5.98 lakh hectares in Haryana. A spokesman of the department said in Sirsa district, cotton had been sown over an area which was even larger than the target set by... Pakistan - Cotton price surges by Rs 8,750 per maund Price of cotton (new crop) has upped by Rs 200 to Rs 8,750 per maund in the open market while phutti climbed by Rs 300 to Rs 3,850 per 40 kilo in Sindh, market sources said here Tuesday. ... Pakistan - APTMA chairman urges govt to protect textile industry Unprecedented gas suspension to the export-oriented textile industry coupled with high interest rate at 14 percent due to government borrowing has not only jeopardized growth of the textile industry a... Cotton falls on reduced demand from China Cotton fell for the second straight day on signs of easing demand in China, the worlds largest consumer. Orange juice also dropped. Chinas imports fell 27% last month, according to cu... Exxon`s Singapore unit deferred Exxon Mobil Corp. has postponed the start-up of its 1 million tons-per-year (tpy) ethylene cracker in its second petrochemical complex in Jurong Island, Singapore by over a year. The operations, which... Asian ethylene market shows signs of rebound on SEA demand Asian ethylene started to show signs of rebounding Wednesday as end-users in Southeast Asia returned slowly to the market, sources said. Last week, the CFR Northeast Asia price benchma... Chinese textile firms battling multiple challenges Chinese textile enterprises are facing a tough time this year as raw material prices fluctuate and bank loans dry up in a climate of tighter monetary policy. Almost 70% of textile fir... Egypt, India plan $160 mln PET plant in Ain Sokhna A joint Indian-Egyptian venture will see the construction of a polyethylene terephthalate (PET) plant in Ain Sokhna at a cost of $160 million, officials said. The factorys production ... Taiwan`s Nan Ya Plastics may buy MEG from spot market Taiwans Nan Ya Plastics may be forced to enter the monoethylene glycol (MEG) spot market if the company runs out of inventories to supply to its domestic contract customers, a company spokesperson sa... Exxon Mobil Corporation pauses Singapore plant The oil giant Exxon Mobil Corporation announced that it has postponed the startup of its one million tonnes-per-year capacity ethylene craker plant in Jurong Island, Singapore, due to safety problems,... India - Weavers demand abolition of anti-dumping duty on imported yarn With the prices of polyester yarn - main raw material for the country's biggest man-made fibre industry - witnessing a sharp increase in the domestic market, the powerloom weavers have demanded that t... India - Cotton prices fall 37% on high acreage, inventories The consistent and sharp decline in cotton prices since April has put the supply chain under tremendous pressure. Cotton prices, in the range of Rs 61,000 per candy (356 kg), fell to Rs 38,000 per can... |
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