|
Item |
Price |
Unit |
Fluctuation |
|
PSF |
1160.98 |
USD/Ton |
-0.97% |
|
VSF |
1851.38 |
USD/Ton |
0% |
|
ASF |
2442.45 |
USD/Ton |
0% |
|
Polyester POY |
1188.66 |
USD/Ton |
0% |
|
Nylon FDY |
2979.79 |
USD/Ton |
0.55% |
|
40D Spandex |
6920.28 |
USD/Ton |
0% |
|
Nylon DTY |
2768.11 |
USD/Ton |
1.19% |
|
Viscose Long Filament |
1473.61 |
USD/Ton |
0% |
|
Polyester DTY |
5739.76 |
USD/Ton |
0% |
|
Nylon POY |
2589.00 |
USD/Ton |
0% |
|
Acrylic Top 3D |
3289.17 |
USD/Ton |
0.50% |
|
Polyester FDY |
1408.48 |
USD/Ton |
0% |
|
30S Spun Rayon Yarn |
2572.71 |
USD/Ton |
0% |
|
32S Polyester Yarn |
1872.55 |
USD/Ton |
-0.86% |
|
45S T/C Yarn |
2882.09 |
USD/Ton |
0% |
|
45S Polyester Yarn |
2605.28 |
USD/Ton |
0% |
|
T/C Yarn 65/35 32S |
2702.98 |
USD/Ton |
0% |
|
40S Rayon Yarn |
2491.30 |
USD/Ton |
0% |
|
T/R Yarn 65/35 32S |
2035.38 |
USD/Ton |
0% |
|
10S Denim Fabric |
1.14 |
USD/Meter |
0% |
|
32S Twill Fabric |
1.00 |
USD/Meter |
0% |
|
40S Combed Poplin |
1.35 |
USD/Meter |
0% |
|
30S Rayon Fabric |
0.77 |
USD/Meter |
0% |
|
45S T/C Fabric |
0.79 |
USD/Meter |
0% |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.16283 USD dtd. 19/03/2015)
The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
As , there is a good scope to increase global market share from the current level of about 2.6 percent by exporting value added products and synthetic products. Tirupur Exporters' Association (TEA) has urged the Tamil Nadu government to set up a textile board with a focused approach for the development of the sector in the state.
The Board may function under the chairmanship of Chief Minister or Minister for Textiles where the Textile Secretary could be the co-ordinator. It said presidents/chairmen of textile associations such as TEA, Southern India Mills' Association, Tamil Nadu Spinning Mills Association, could be members and meet periodically, TEA said in its pre-budget memorandum to the government. The memorandum also urged the state government to provide incentives for setting up technical textiles units in Tamil Nadu. The State Textile Department needs to work closely with the industry for development of technical textiles.
The TEA president A Shaktivel said that Tamil Nadu should bring out a separate State Export Policy in line with Foreign Trade Policy of the centre to give a focused approach for export development of the state. Requesting provision of five percent interest subsidy under Technology Upgradation Fund scheme, he said that the state textile policy should provide five percent interest subsidy and 10 per cent capital subsidy to new modernization. Or it should include expansion of garment units on the lines of Gujarat Textile Policy 2012 and Maharasthra Textile Policy (2011-2017), which provide five and seven percent interest subsidy respectively.
Tirupur contributes about 45 percent of total knitwear exports from India and exports only cotton based garments. There is a good opportunity and conducive atmosphere currently prevailing for the growth of garment exports. Despite this favourable factor, labour shortage is a major impediment for garment exporting units due to which they are hesitant to take up the orders, since it is not possible to execute orders within delivery schedule.
SOURCE: Yarns&Fibers
The Ministry of Textiles proposes to put a limit on the amount of exportable cotton per year and a 10% duty on the export of cotton over and above this exportable surplus. According to official sources, it was a budget suggestion so as to build a long term reservoir of cotton for the domestic industry. “Even if the cotton production is high this season, it is no so every year. With a ceiling put on the amount over and above which cotton can be exported, domestic demand cotton users will be assured of the supply situation.” However this suggestion did not find favour with the ministry of commerce which has removed all restrictions on export of cotton. According to the commerce ministry, in a free economy, a grower of a commodity should have a free choice to either sell his product in the domestic market or the international market. Putting a cap on availability of cotton for export amounts to a protectionist measure for the domestic industry, said sources.
However the proposal is still under discussion between both ministries. The projected balance sheet drawn by the Cotton Association of India for the year 2014-15, estimates total cotton supply at 468.90 lakh bales while domestic consumption is estimated at 306.00 lakh bales, thus leaving an available surplus of 162.90 lakh bales. Production stood at 407.25 lakh bales (of 170 kg each) during the 2013-14 season. The procurement of cotton by the state run Cotton Corporation of India (CCI) has neared 5 billion bales of 170 kg each, during the ongoing season October 2014-September 2015, according to media reports.The CCI is actively purchasing cotton in states where the market price has fallen below the minimum support price announced by the government. While there is steady arrival of about 250,000 to 300,000 bales of cotton on a daily basis, spinners are not actively buying cotton as yarn exports have declined considerably, as per reports.
According to the latest official data, cotton procurement by Cotton Corporation of India (CCI) hit about 2.50 million bales — the highest since 2008-09 when the state-run agency purchased a record 8.93 million bales in the entire marketing year and compared with just 40,813 bales in the whole of last marketing year through September 2014. Most of the purchases this year have been from Andhra Pradesh and Maharashtra, the leading producers after Gujarat. One bale equals 170 kg. During the ongoing season, CCI has spent more than Rs 9,600 crore on purchase of cotton at an average price of Rs 1,060 a quintal. However, a decision on off-loading the cotton stock is yet to be taken. CI has so far procured more than eight million bales, which is 20% of the total crop expected for the cotton year (October-September) 2014-15.
Exports have also resumed, with 3.2 million bales already estimated to have exported so far. Around 7.7 million bales were exported last year during the same period. Cotton Advisory Board expects cotton exports to stand at nine million bales. However, the industry expects it to be lower at 7.5 million bales. Although domestic prices have improved a bit since November, they are still 5% lower than the benchmark prices set by the government in many regions, especially in Andhra Pradesh, textile industry executives said.
SOURCE: Global Textiles
India will study the possibility of reviving a so-called cotton route to boost relations and exploit trade potential with nations across the Indian Ocean region. The decision to focus on the historically-important cotton route — which served as a trade as well as cultural link between India and other nations — seems to have been prompted by China’s recent move to highlight its own silk road. Historically, the silk road was a key route between China and the Mediterranean that not only helped trade but formed a cultural bridge between China, India, Persia, Greece and Rome.
Kolkata-based Institute of Social and Cultural Studies is organising a three-day conference titled ‘Renewing the maritime trade and civilisational linkages’ in Bhubaneswar, starting Friday, which will be inaugurated by external affairs minister Sushma Swaraj. To start with, ISCS will set up two centres, one each in Delhi and Kolkata, to undertake research on the Indian ocean region, said Arindam Mukherjee, secretary of the institute. The centres will get funding from the government on project basis. The centre in Delhi would be devoted to research on trade and business, while that in Kolkata will handle cultural matters, he said. The US and China will send observers to the conference, which will be attended by representatives from one-and-a-half-dozen countries. The valedictory session is expected to be attended by Manohar Parrikar. Petroleum minister Dharmendra Pradhan, transport minister Nitin Gadkari and national security adviser Ajit Doval may also attend.
SOURCE: Yarns&Fibers
The Southern Gujarat Chamber of Commerce and Industry (SGCCI) is organising SITEX, a textile machinery exhibition from April 10-13, 2015 at the Surat International Exhibition and Convention Centre (SIECC). There are more than 150 exhibitors showcasing the latest technologies across the entire textile value on more than 100,000 square feet of exhibition area. The fair will see participation from Indian and global textile machinery companies and also witness participation of states in the form of state pavilions.
SITEX will display spinning, winding, texturing, twisting and auxiliary machinery and accessories and technologies for web formation, bonding and finishing of nonwovens, felting and technical textiles. On show, also will be machines for weaving preparatory, weaving, tufting, knitting, embroidery, braiding, washing, bleaching, dyeing and printing, drying, finishing and make-up machinery. Visitors will also be able to see garment making machinery, testing and measuring equipment, textile engineering & machine tools, equipment for recycling, waste reduction and pollution prevention, etc.
The exhibition will see participation from companies manufacturing electrical, electronics & instrumentation equipment, software developers, dyes and chemical producers. Since the exhibition is expected to have visitors from across India and also from abroad, SITEX offers numerous business & networking opportunities. On the sidelines of the exhibition, SGCCI is also organising buyer-seller meets to help buyers and sellers interact at the venue.
At the exhibition, SGCCI is offering supporting facilities like business centre, business information centre and an information desk. According to SGCCI, SITEX is the avenue for the enterprising and farsighted businessmen, who are planning to upgrade their business in the new world environment. “Alongside, it will provide a huge showcase for products in one of the world’s most lucrative textile markets,” SGCCI added. Established in 1940, SGCCI is an ISO 9001:2008 certified organisation and is the oldest apex body of Gujarat with a total focus on growth trade and industry in the Southern Gujarat region. This region covers area from Bharuch to Vapi and Umargaon and is a fast growing and one of the most prosperous parts of the state. SGCCI has a strong base of more than 6,500 direct members, more than 100 associations and an indirect membership of more than 60,000 members from a wide spectrum of trade and industry.
SOURCE: Fibre2fashion
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 52.78 per barrel (bbl) on 19.03.2015. This was higher than the price of US$ 51.46 per bbl on previous publishing day of 18.03.2015.
In rupee terms, the price of Indian Basket increased to Rs 3294.53 per bbl on 19.03.2015 as compared to Rs 3225.00 per bbl on 18.03.2015. Rupee closed stronger at Rs 62.42 per US$ on 19.03.2015 as against Rs 62.67 per US$ on 18.03.2015.
The table below gives details in this regard:
|
Particulars |
Unit |
Price on March 19, 2015 (Previous trading day i.e. 18.03.2015 |
Pricing Fortnight for 16.03.2015 (Feb 26 to Mar 11, 2015) |
|
Crude Oil (Indian Basket) |
($/bbl) |
52.78 (51.46) |
58.21 |
|
(Rs/bbl |
3294.53 (3225.00) |
3618.92 |
|
|
Exchange Rate |
(Rs/$) |
62.42 (62.67) |
62.17 |
SOURCE: PIB
Xennia Technology has launched a full range of digital textile inks for production printing of silk and polyamide fabrics, including nylon and lycra/elastane/spandex. The new range Xennia Agate offers excellent colour and fastness performance combined with production reliability, the company reports. The new range of digital textile inkjet inks is designed for high quality polyamide fabric printing, aimed at sports, swimwear and intimate apparel applications. Xennia Agate is available for high speed production digital textile printing systems based on Kyocera KJ4B printheads.
High performance ink
“Xennia Agate is a high performance ink designed for polyamide textile decoration, which uses specifically tailored dye chemistry to give customers excellent colour vibrancy and fastness performance, while maintaining the high production reliability that customers expect from a Xennia product,” explained Dr Olivier Morel, Xennia's Chief Technology Officer. “After testing in their mill, one customer in South America described the results as absurdly better than those from their previous ink supplier, showing the real benefits from choosing Xennia ink.” Dr Tim Phillips, Marketing Manager, commented: “While smaller than the cellulosics market, the silk and polyamide markets are important ones with stringent quality requirements, which makes them ideal for Xennia. Adding Xennia Agate to our expanding range allows us to help a wider audience of customers looking for high quality digital textile ink products.”
Digital textile ink range
Xennia is a leading supplier to the digital textiles industry and its ink products have been deployed in major textile mills for several years. Xennia digital textile inks are said to enable printers to add value for their customers by creating high colour fabric prints with minimised materials, energy and water usage, the company reports. The company’s digital textile ink range includes Xennia Amethyst reactive dye ink for printing cotton and cellulosics, Xennia Corundum sublimation ink for polyester and Xennia Moissanite UV curable ink for outdoor textile printing.
SOURCE: Innovation in Textiles
MEG prices went down in Asia on Wednesday (March 18) due to poor demand and lower prices of other polyester feedstock. In India, prices were assessed at US$ 805/ton on Wednesday, lower by US$ 20/ton as compared to prices on Tuesday (March 17, 2015). In China, prices were witnessed at US$ 820/ton on March 18, down by US$ 20/ton as against prices on March 17.
SOURCE: Fibre2fashion
The International Textile Fair (ITF) is back bigger and stronger this year. After a successful initial show last Fall, UAE’s premiere platform for fashion and fabric holds its second season from 26-27 April 2015 at Dubai International Exhibition and Conference Centre, Hall No. 1.The trade event opens the doors for international large-scale textile producers and distributors to cater to the booming regional textile requirements. This one-of-a-kind platform allows the Middle Eastern designers and garment retailers direct access to some of the largest global manufacturers of fabrics and prints.
ITF brings together over 200 exhibitors from Italy, Portugal, Turkey, India, China, Indonesia, Japan, Korea, and other international markets. Encouraged by the fantastic response to ITF’s initial event, many past exhibitors have returned to exhibit at the April show. Kurt Jaga, Managing Director of leading Italian fabric manufacturer Tessuto Italiano, is a returning exhibitor who sees the growth potential that ITF brings to the region. He states; “The International Textile Fair is a great platform from which to propel our growth within the Middle East markets and we look forward to continued participation in the show for the coming seasons.” While exhibitor spots have been filling up quick, the fair is still open to desiring entrants, who can register online at http://www.internationaltextilefair.com/
This season ITF is collaborating with distinguished fashion and trend experts to support regional designers with exclusive workshops and seminars on trend and color forecasts for Autumn Winter 2016. The format is particularly beneficial to design students and younger designers who can benefit from information otherwise confined to global textile shows. ITF has teamed up with the prestigious color and trend-forecasting agencies, Pantone and Nelly Rodi respectively, offering updated industry insight to visitors of the show. The organizers also plan on an extremely interactive fair with creative zones placed within the show area featuring modest fashion designs and wearable art.
A show such as ITF is much needed in the region as Dubai continues to see robust growth in the textile industry.Today U.A.E.is the world’s fourth largest trading centre of fashion and apparel, with the presence of about 150 apparel manufacturing companies that account for about 5.5 per cent of the world’s annual textile and clothing sales. By 2016, the country is set to become the world’s leading high-end textile and garment re-export centre with a current annual cumulative growth rate of 4 per cent.
Texmas, the Textile Merchants Group that represents 800 Dubai wholesale textile traders has lent its support to the fair andITF’s Show Director, Mr. Dilip Nihalani is enthusiastic about the event’s performance and it’s contribution to the regional textile industry. He says; “Dubai has long been a major textile hub and it was a matter of time before the city got its own show. Today, we have filled that vacuum and are delighted with the response. Shows like ITF are held regularly in cities like Paris, Milan and New York and it gives us great pride to launch a show of this caliber in Dubai. The show injects additional zeal to the regional textile sector, as international players build new ties and establish business alliances with local and regional players.”
SOURCE: Yarns&Fibers
The European Council said it would continue to discuss the implementation of the Deep and Comprehensive Free Trade Area (DCFTA) agreement with Ukraine, as well as energy issues. "[The European Council] will continue efforts in the trilateral processes on energy and EU-Ukraine DCFTA implementation," the Council said on Thursday. The DCFTA is part of the Association Agreement between Ukraine and the European Union.
According to the European Commission, the DCFTA will provide Ukraine with a framework for modernizing its trade relations and for economic development through the removal of tariff and quotas and opening markets. In 2013, the Ukrainian president at the time, Viktor Yanukovych, decided against signing the Association Agreement with the European Union. He was ousted in a coup in February 2014. The EU-association deal was then signed by the new government, but the establishment of a free trade area was suspended until 2016 following talks between Russia, Ukraine and the European Union.
The European Council also noted that the European Union is committed to strengthening its relations with six Eastern European partners. "The EU is fully committed to the Eastern Partnership. It will strengthen, in a differentiated way, relations with each of its six partners. Particular efforts should be devoted to advance cooperation in state building, mobility and people-to-people contacts, market opportunities and interconnections," the Council said Thursday. The Eastern Partnership initiative involves Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. The Council also said that it looked forward to the earliest possible ratification by all EU member states of the Association Agreements with Georgia, Moldova and Ukraine. Ukraine-EU association has caused concerns from Moscow, with Russian authorities saying that it could result in an uncontrolled flow of duty-free goods from the EU to the Russian market. On March 3, Russian Economic Development Minister Alexey Ulyukayev said that if Moscow's concerns are not taken into account, Russia would have to take protective measures, including the introduction or toughening of customs tariffs on Ukrainian goods.
SOURCE: The Sputnik News
New Zealand and Vietnam aim to double trade to around $2.2 billion by 2020. The target announced yesterday was part of an accord between the two countries in which Prime Minister John Key and his Vietnamese counterpart, Nguyen Tan Dung, signed agreements on food safety and air services. The latter gives New Zealanders more access to flights when travelling to Vietnam. Key said the accord reflected the growing relationship between the two countries and the strong trading that had been achieved gave the leaders confidence the new target could be met. "Vietnam has been New Zealand's fastest-growing trading partner in Southeast Asia over the past five years," Key said. "Since 2009 two-way goods and services trade has more than doubled - increasing by 120 per cent."
In 2014, New Zealand exported $548 million of goods to Vietnam and imported about $493 million of goods from there, according to Statistics New Zealand data. During the conference, plans to expand links in the education and agriculture sectors were also discussed, as well as an announcement that New Zealand would help train Vietnamese military for UN peacekeeping missions. Key said the co-operation was likely to involve joint training exercises after Dung requested New Zealand aid in training.
"Vietnam in 2014 officially joined in the forces of peacekeeping missions, the United Nations," Dung said. "Vietnam is a new member and that is why we like experience and expertise in this area of co-operation, that is why in the spirit of a [comprehensive] partnership with New Zealand, I respectfully asked New Zealand to help Vietnam train the military officers of the Vietnamese in order to help them to engage in the peacekeeping missions of the United Nations."
The Trans-Pacific Partnership was also raised during the conference and Key said the deal was tracking well considering 12 countries were involved. "I think on balance TPP negotiations are going well," he said. "These agreements always take a long time, so this is running at the sort of consistent timetable that we would expect of a quite complicated agreement." Key said New Zealand wanted to see liberalisation in the agricultural area, which he singled out as particularly important. "We see real benefits in free trade agreements when there is liberalisation of agriculture because typically that sees New Zealand working very closely with partners not to put their farmers out of business, but actually to encourage, improve and support the agricultural base in those countries." Key said the next step for the trade agreement would be to see whether United States President Barack Obama could fast track the TPP agreement through Congress. If not, he said, the process could be more difficult.
Trade in 2014
• New Zealand exported $548 million of goods.
• Imported about $493 million of goods.
• Exports to Vietnam are mainly dairy products followed by wood.
• Food and beverage imports from Vietnam are growing - coffee, coconuts and crustaceans.
• Nearly 70% of Vietnam's GDP is from exports
SOURCE: The New Zealand Herald
ITMA 2015, the world's largest textile and garment manufacturing technology showcase, is expected to draw over 100,000 visitors from around the world. To encourage early registration, special rates are available to visitors who order their badge online (www.itma.com) from now until 15 October. The early bird badge rates are Euro 80 for an 8-day badge and Euro 40 for a 1-day badge.
According to Eileen Ng, Executive Director of MP Expositions, the organiser of ITMA 2015, "We would like to encourage our visitors to plan their trip early and purchase their ITMA 2015 badge online now to avoid long queues at the registration areas. The early bird rates are up to 50 per cent lower than the onsite rates.” Visitors who require a visa to enter Italy can request an invitation letter when they order their badge. The letter can be used as a supporting document for their visa application. In addition, visitors are advised to book their accommodation early. They may contact the ITMA 2015 official travel agent, Ventana Group, for assistance.
With eight months to the exhibition opening, interest from the global textile and garment industry is extremely strong, and many group enquiries have been received already from associations and travel agents from various parts of the world. Currently, some 140 trade and professional associations have lent their support to ITMA 2015. Supporting associations will be able to enjoy special group rates. Interested associations can register their interest to join as a supporting association by emailing visitor@itma.com.
Extensive visitor promotion
An extensive promotion programme is now underway to promote the exhibition to textile and garment manufacturers, fashion brands and retailers, as well as research and educational institutions.Maria Avery, Secretary General of CEMATEX, the European Committee of Textile Machinery Manufacturers, which owns ITMA, said: "As a global platform, ITMA attracts the captains of the industry. Our organising partner, MP Expositions, has planned a global campaign to bring these industry leaders to source sustainable technologies and other solutions, as well as to share knowledge, exchange ideas and network at various conferences and seminars.”
The promotions include a series of roadshows which will be held in the textile hubs of South Asia, China, Central Asia, Central and South America, and Europe over the next few months, including several presentations and meetings in India from 9 to 17 March 2015. Held from 12 to 19 November at the Fiera Milano Rho in Milan, Italy, ITMA 2015 is a mega showcase of end-to-end solutions for the entire textile and garment making chain. To date, it has attracted 1,500 exhibitors from 47 economies.
SOURCE: Yarns&Fibers
