Textile Raw Material Price 2015-04-29
|
Item |
Price |
Unit |
Fluctuation |
|
PSF |
1323.46 |
RMB/Ton |
0% |
|
VSF |
2034.21 |
RMB/Ton |
0% |
|
ASF |
2450.85 |
RMB/Ton |
0% |
|
Polyester POY |
1425.58 |
RMB/Ton |
0% |
|
Nylon FDY |
3071.73 |
RMB/Ton |
0% |
|
40D Spandex |
6568.28 |
RMB/Ton |
0% |
|
Nylon DTY |
2597.90 |
RMB/Ton |
0% |
|
Viscose Long Filament |
1625.73 |
RMB/Ton |
0% |
|
Polyester DTY |
3382.17 |
RMB/Ton |
0% |
|
Nylon POY |
5882.04 |
RMB/Ton |
0% |
|
Acrylic Top 3D |
1666.58 |
RMB/Ton |
0% |
|
Polyester FDY |
2924.68 |
RMB/Ton |
0.56% |
|
30S Spun Rayon Yarn |
2695.94 |
RMB/Ton |
0.61% |
|
32S Polyester Yarn |
2075.05 |
RMB/Ton |
0% |
|
45S T/C Yarn |
2990.04 |
RMB/Ton |
0% |
|
45S Polyester Yarn |
2859.33 |
RMB/Ton |
0.57% |
|
T/C Yarn 65/35 32S |
2712.27 |
RMB/Ton |
0% |
|
40S Rayon Yarn |
2205.77 |
RMB/Ton |
0% |
|
T/R Yarn 65/35 32S |
2565.22 |
RMB/Ton |
0% |
|
10S Denim Fabric |
1.14 |
RMB/Meter |
0% |
|
32S Twill Fabric |
1.00 |
RMB/Meter |
0% |
|
40S Combed Poplin |
1.36 |
RMB/Meter |
0% |
|
30S Rayon Fabric |
0.78 |
RMB/Meter |
0% |
|
45S T/C Fabric |
0.79 |
RMB/Meter |
0% |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.16339 USD dtd. 29/04/2015)
The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
India has dropped anti-dumping investigation against China and the European Union for import of purified terephthalic acid, thus opening up doors for non restricted import. Shipments of purified terephthalic acid from China to India have resumed following the revocation. It is learnt that about 25,000-30,000 ton of purified terephthalic acid has been booked from China for April heading towards India, an Indian trade source said in mid April.
Provisional anti-dumping duties on imports from China, the European Union, South Korea and Thailand were imposed by India in July 2014 following allegations of dumping of PTA. Major PTA producers of China, Zhejiang Yisheng Petrochemical and Hengli Petrochemical have shipped some 15,000-20,000 ton to India for April, and export volumes are anticipated to be increased for May, reports said. In 2013-14, top five exporters of purified terephthalic acid to India shipped 9.37 lakh ton, with South Korea alone accounting for two thirds of that volume. Thailand followed with another 20 per cent. Import from China was only 67,655 ton. The others were Indonesia (28,086 tons) and Taiwan (19,444 tons) Since imports from China and the EU were less than 3% of total volume, the investigation against these countries was automatically terminated, a document published on 7 April by Union Ministry of Commerce and Industry said. Duties on Chinese companies prior to 7 April were US$62.82 a ton, while those on South Korean companies were ranging from US$23.61-78.28 a ton and US$45.43-62.55 a ton for Thai companies.
SOURCE: Yarns&Fibers
After a bad year in 2014, India’s textile sector may just be turning the corner. According to textile sector outlook of Dun and Bradstreet, one of the world’s leading firms for commercial information and business insight, the manufacturing infrastructure in the textile sector is set to benefit from the Government’s ‘Make in India’ campaign which is expected to bolster domestic as well as export growth in the sector. The report predicts domestic demand to pick up this year as economic growth sentiment improves.
Increasing labour cost in China is likely to slow down Chinese textile exports and thus create an opportunity for Indian mills to increase their market share. Export promotion measures would help the sector achieve its stated goal of $300 billion of exports by 2024-25. Dun and Bradstreet said exports to Latin American and Asian countries would increase, so as to offset the slowdown in the euro. To lower dependency on the US and European markets, the Indian government is taking measures to encourage textile exporters to explore alternate markets in Latin America and Asia, the report said.
The report noted the signs of revival in investments in the textile sector. Capital investments in the textile sector is witnessing a revival with projects worth hundreds of crores of rupees being announced in the past six months. Several of these projects are scheduled to come online over the next couple of years, adding capacity in the sector when consumer demand is expected to fully revive from the current slump. The report also aid Indian textile exports face tough competition from exports from Pakistan, Bangladesh, Vietnam and Cambodia. Favourable tariff measures enjoyed by these countries in European markets have directly impacted textile exports from India. While Indian textile exporters have to pay high duty to export to European markets, textile exports from Pakistan, Bangladesh and Cambodia are duty free. In addition to increasing competition in European markets, Indian mills - especially cotton yarn manufacturers - also face the prospect of lower yarn demand from China, one of the largest markets.
SOURCE: Fibre2fashion
The Indian rupee weakened by 28 paise to 63.58 against the US dollar in early trade today at the Interbank Foreign Exchange due to month-end demand for the American currency from importers amid capital outflows. Forex dealers attributed the fall in the rupee to month-end demand for the US dollar from importers and sustained capital outflows amid a lower opening in the domestic stock market. They said, however, dollar’s weakness against the euro as the chances of an US interest rate hike faded, capped the rupee’s fall. The rupee had lost 15 paise to end at 63.30 against the dollar in yesterday’s trade. Meanwhile, the benchmark BSE Sensex fell by 160.64 points or 0.59 per cent to 27,065.29 in early trade.
SOURCE: The Financial Express
The Union Cabinet on Wednesday removed one more hassle for companies to start a business. It has cleared amendments in the Companies Act in this regard. Before a company is registered, it has to go through some steps, the last of which is to obtain a commencement certificate. Basically, the certificate is a kind of declaration by the company concerned that it has completed earlier steps. The proposed amendment will do away the requirement to present this certificate before starting a business. This certificate is also currently necessary to obtain loans from lenders for the company. “The proposed amendment will move us a small step closer to fulfilling the Prime Minister’s ‘Make in India’ campaign,” said Yogesh Sharma, Partner, Assurance, Grant Thornton India LLP.
The Cabinet has also cleared the way for the government to rationalise the process for granting exemptions to companies from certain rules. Experts say the government will give itself room to exempt certain classes of companies from any rules under the Companies Act, in a structured way. “The 2013 Act was designed in such a way that the legislation is more dependent on Rules than the Act itself. The proposal to ensure speedier issue of final notifications should be certainly favorable for all,” said Sharma. These amendments will now be part of the Companies (Amendment) Bill.
SOURCE: The Business Standard
Czech Republic expects its bilateral trade with India to reach USD 2 billion by 2016. "In 2014, Czech exports to India was USD 590 million, while imports from India was USD 695.5 million. In 2016, we are aiming that bilateral trade would touch USD two billion," Deputy Head of the Embassy of Czech Republic in India Andrea Kucerova said. Speaking at an interaction organised by Bharat National Chanmber of Commerce and Industries here today, she said that the trade balance was now in India's favour - a new trend which started two years ago.
India was a major importer of Czech's Tetra trucks used in defence sector and was the key item of the country's exports here, she said. Kucerova said a number of Indian companies like Mahindra and Infosys had set up manufacturing bases in the Czech Republic. West Bengal, she said, would be the first destination for the delivery of 19-seater aircraft made by a Czech firm.
SOURCE: The Economic Times
Continued selling by foreign institutional investors (FIIs) amid tax concerns has cost India the most favoured emerging market (EM) tag in April. Foreign flows into Indian stocks so far this month are $1.8 billion, much lower as compared to peers South Korea ($3.9 bn), Taiwan ($3.4 bn) and Brazil ($2.3 bn), show data from Bloomberg. Month-to-date FII flows into Indian stocks are much lower if one excludes the $2.6 bn of flow due to the Sun Pharma share sale.
On a year-to-date (YTD) basis, however, India is still the top-grossing EM (for which data is available) in terms of FII inflows for 2015, thanks to the investments in the year’s first three months. Data for foreign flows into the Chinese market isn’t available. However, given a sharp 40 per cent rally in its benchmark Shanghai Composite Index, their flows from abroad are likely to be much more than India.
In the past fortnight, FIIs have been net sellers on all trading sessions, barring one. If not for the Sun Pharma deal, FII selling in the past 11 trading sessions is a cumulative $1.2 bn. Market experts believe the retreat is due to the uncertainty created by the government over subjecting foreign investors to tax on capital gains made in the past few years. “The uncertainty regarding the government and courts’ stand on the application of Minimum Alternate Tax to FIIs retrospectively has created volatility in the market,” says Edelweiss in a report. The income tax department has issued notices to FIIs demanding 20 per cent MAT on earlier capital gains. “Some foreign investors who were otherwise active have taken a pause in terms of their India investments till more clarity emerges on the issue,” said a senior official on the institutional trading desk with a domestic brokerage. The market was already being impacted by poor corporate earnings announcements and the prospect of a weak monsoon. The YTD returns for the benchmark Sensex, up as much as eight per cent earlier in the year, has slipped into negative figures and is currently one of the worst performers among major global markets .
In its Asia-Pacific strategy report, Nomura Global Research says India now has the worst performing market and currency due to “concerns about stalling reforms, a potential growth shock from poor monsoons and investor-unfriendly tax policy developments.” On the other hand, South Korea has witnessed record flows after it surprised on the upside with its first quarter growth numbers. Market experts believe a resolution to the FII tax issue is needed to improve investor sentiment. Piyush Garg, chief investment officer, ICICI Securities, says: “Sentiment is bad, and if the land bill and the one on a goods and services tax are not passed, there would be a question over policy momentum....The most positive trigger for the market would be for the FPI-MAT issue to be resolved.”
SOURCE: The Business Standard
Prime Minister Narendra Modi recently said in Germany that India and the European Union should resume the stalled talks for a “balanced and mutually beneficial” free trade agreement at the earliest. Launched in June 2007, negotiations for the proposed bilateral trade and investment agreement between India and the 28-member EU have been stalled since 2013. The EU Ambassador in New Delhi, Joao Cravinho, says both sides are close to kick-starting talks. In a telephone interview with BusinessLine , he spoke about a host of issues, including FTA talks, security cooperation and an upcoming bilateral summit. Edited experts:
How do you look at Prime Minister Modi’s European visit?
Well, it’s very positive. It allowed Prime Minister Modi to be in Europe for several days holding discussions with European leaders, business men and other stakeholders in EU-India relationship. In the cases of Germany and France, he had some particular business, but it’s also the case that in each of these countries he was also getting a very European message about the importance of the relations between the EU and India.
In Germany, Modi had said India and EU should resume FTA talks. What’s the current status of the talks, and when do you expect the trade deal to be concluded?
I am glad that this topic came up in Germany. We are fully supportive of this idea that we should get back to the negotiating table and look for finalisation. I had the opportunity to discuss this with the Minister of Commerce, Nirmala Sitharaman, and she’s available. The European Commissioner for Trade, Cecilia Malmström, is also keen. So, at the moment the only issue is one of logistics, of finding the right moment for them to sit down. We are actually not far from a deal.
We have been almost paralysed for the last two years. Nothing has happened in terms of the negotiations. But things have happened on the ground. And what’s happened on the ground is that in both Europe and India, I think there’s an increasing interest in solving the relatively small problems that still exist. I say relatively small because compared to the advantages either side would have from the successful conclusion of the negotiations what remains to be solved is actually quite small. So I am confident that once the Minister of Commerce and the Commissioner of Trade sit down, then we can actually conclude a deal within a few months, if there’s energy on both sides.
What do you think about the ‘Make in India’ campaign? How keen are the European companies on this initiative?
Firstly, I think the Make in India campaign is an extremely important initiative. For India, it’s very forward-looking. One of the elements for its success is European participation. We are the biggest trade partner for India, we are the biggest source of investment for India and the biggest source of technology. And so, in those circumstances for Make in India to be successful, you have to have European companies making in India. We have a lot of interest from the European side. But there are issues to be solved. It’s not just making in India for the Indian market. It’s making in India for the world. And this means actually making progress on a variety of fronts. It means making significant progress in terms of the taxation uncertainties, investment in infrastructure, ease of doing business in India, cutting through red tape, etc. So there’s lot of keenness from the European companies, but there’s also an awareness of the difficulties and the fact that these difficulties won’t disappear overnight.
When is the next India-EU summit expected to take place? One hears that the Indian government was piqued over delay in the EU’s reply on the Summit date?
There was an idea that the summit might happen in April when Prime Minister Modi was in Europe. But at the end of the day, this was logistically too complicated. There were issues about whether we had sufficient deliverables we need for the progress, for example on trade. But I am confident that towards the end of the year, we will be able to have an occasion when Prime Minister Modi and European Commission President (Jean-Claude) Juncker, European Council President (Donald) Tusk can meet.
Apart from trade, what are the other areas of cooperation between India and EU? Is there a scope for broader security cooperation?
We have got counter-terrorism and cyber security talks coming up next month in Brussels and that will be important for us to map out what we can do together in terms of security cooperation. Secondly, on the EU-India front, we are interested in participating in the Indian government’s flagship programmes. I am talking not just about Make in India, but also about programmes such as the Clean Ganga mission, smart cities and digital India. All these programmes have tremendous potential for cooperation between India and EU.
Thirdly, there are issues of global governance. The most pressing one at the moment is climate change. We have the Paris Conference at the end of the year. India is a major player in issues of global governance. EU is also a major player. That means if we can engage in a dialogue, we are going to have a considerably enhanced influence in global negotiations. The same on Internet governance. We hope that India’s position will be similar to ours with respect to net neutrality, freedom of expression online and so on.
Is the Italian marines issue causing any trouble in bilateral ties? The EU Parliament had passed a resolution in January that accused India of a “serious breach of human rights”?
First, we have to distinguish the roles of different institutions and the external policy of the European Union is conducted not by the European Parliament, it’s conducted by the External Action Service. There are always issues. We have quite an intense relationship. With respect to the Italian marines issue, we are all very keen that there should be a solution as soon as possible and in accordance with international law.
SOURCE: The Hindu Business Line
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$ 62.25 per barrel (bbl) on 29.04.2015. This was higher than the price of US$ 61.86 per bbl on previous publishing day of 28.04.2015.
In rupee terms, the price of Indian Basket increased to Rs 3934.20 per bbl on 29.04.2015 as compared to Rs 3917.59 per bbl on 28.04.2015. Rupee closed stronger at Rs 63.20 per US$ on 29.04.2015 as against Rs 63.33 per US$ on 28.04.2015. The table below gives details in this regard:
|
Particulars |
Unit |
Price on April 29, 2015 (Previous trading day i.e. 28.04.2015) |
Pricing Fortnight for 16.04.2015 (March 28 to April 10, 2015) |
|
Crude Oil (Indian Basket) |
($/bbl) |
62.25 (61.86) |
54.92 |
|
(Rs/bbl |
3934.20 (3917.59) |
3425.91 |
|
|
Exchange Rate |
(Rs/$) |
63.20 (63.33) |
62.38 |
SOURCE: PIB
Expressing grave concern over 16 percent slide in textile exports in March, Pakistan Yarn Merchants Association (PYMA) has demanded emergent measures to boost exports of the country. Talking to media persons here on Wednesday Central Chairman Khalil Qaisar Shamas Guccha and Zonal Chairman Muhammad Akram Pasha pointed out that in March 2015 the textile exports declined by 16.23 percent against the same month of previous year. Giving details, they said that exports of cotton declined by 29.36 percent in value terms and 12.99 percent in quantity. Similarly, the cotton cloth exports also declined by 14.45 percent in value and 37.57 percent in quantity, exports of bed wear stooped by 16.94 percent in value and 15.15 percent in quantity, exports of towels went down by 19.03 percent in value and 23.51 percent in quantity, exports of garments slid by 5.20 percent in value and 12.57 percent in quantity.
The only item showing positive increase was knitting sector with 28.53 percent increase but 7.41 percent decline in value. They said that this decline in textile exports was in spite of the fact that European Union had granted GSP concession to Pakistani textiles under which Pakistan could exports its textile products duty free to European Union markets. However Pakistani exporters have not been able to benefit from this concession. This was because the productivity of industrial units has come down drastically and these units were unable to meet the demands of foreign buyers. They said that the distribution companies could overcome this short fall through proper strategy and planning by taking stock of actual demand area wise, industry wise and market wise.
SOURCE: The Business Recorder
The value of the textiles and fabrics trade in Dubai in 2014 was around $4.47 billion (AED16.4 billion), with $2.76 billion (AED10.14 billion) in imports, $ 35 million (AED1.3 billion) in exports and $1.5 billion (AED 4.22 billion) in re-exports, the UAE’s official news agency WAM has reported. In a statement to WAM, the director of Strategy and Corporate Excellence Department at Dubai Customs, Ahmed Abdul Salam Kazim, said that the results were issued by the department in conjunction with the International Textile Fair earlier this week at the Dubai World Trade Centre.
Speaking about the role Dubai plays in the industry, he said, "Dubai plays a vital role in linking the textiles and fabrics markets in different regions of the world, especially in Asia, Africa and Europe." He said the emirate is a key centre for textile trade in the GCC and other surrounding markets. Kazim also said that Dubai Customs supports the textiles and fabrics trade by providing great facilities, commercial and customs services to traders in the sector, in addition to speedy customs clearance.
The International Textile Fair (ITF) is a major draw for international large-scale textile producers and distributors to cater to the booming regional textile requirements. This one-of-a-kind platform in Dubai allows the Middle Eastern designers and garment retailers to access some of the largest global manufacturers of fabrics and prints. Over 200 exhibitors from Italy, Portugal, Turkey, India, China, Indonesia, Japan, Korea, and other international markets took part at ITF 2015.
SOURCE: Fibre2fashion
A new sustainable textiles and apparel research fund is set to be established thanks to progress with a new US bipartisan bill which aims to eliminate import tariffs on high-performance outdoor apparel. The US OUTDOOR Act (US Optimal Use of Trade to Develop Outerwear and Outdoor Recreation Act) would tax imports 1.5 percent over the next decade to create a Sustainable Textile and Apparel Research fund controlled by the industry to develop environmentally sustainable technologies. First introduced eight years ago, the act would lower or eliminate outdated tariffs on recreational outerwear, and would modernise tariffs that were originally put in place to protect domestic manufacturing of outerwear performance apparel, according to Senator Kelly Ayotte. The legislation would create a classification specific to recreational performance outerwear in the U.S. Harmonised Tariff Schedule, and eliminate or reduce the duties on these new classifications.
Speaking to New Hampshire Business Review, Kristine Marvin, vice president and general counsel, Timberland, said: “Simply put, these tariffs on recreational performance apparel are outdated and no longer warranted, given how the market has evolved. This bill will result in reduced consumer prices for the apparel they need to enjoy their time in the outdoors – like the waterproof jackets Timberland has offered for years. In addition, the funds realized will be funnelled into R&D that will identify more sustainable textiles and materials innovations.” Senator Ayotte, a member of the Senate Commerce Committee, said: "New Hampshire's economy relies on the outdoor recreation industry, which generates US$4.2 billion in consumer spending in our state each year. This legislation would lower costs for outdoor enthusiasts and companies that sell outdoor recreational apparel, ensuring that they can continue to thrive and create jobs."
A board of directors, comprised of industry representatives, would oversee the distribution of the Sustainable Textile and Apparel Research fund. The new legislation is supported by the American Apparel & Footwear Association, Eastern Mountain Sports, Kamik Boots, NEMO Equipment, New Balance and the Outdoor Industry Association, according to a statement from Senator Kelly Ayotte.
SOURCE: The Ecotextile
Huntsman Textile Effects has teamed up with Dupont to produce a new, non-fluorinated durable water repellent for textiles and clothing that is said to be the industry’s first and only renewably sourced water repellent treatment. It is 63 per cent derived from plant-based, non-GMO raw materials. In a continuation of efforts to promote a more sustainable global textile sector, Huntsman Textile Effects and The Chemours Company FC, LLC, – a subsidiary of Dupont – has launched ‘Zelan’ R3, which is a renewably sourced, non-fluorinated durable water-repellent finish. It is claimed to be a “breakthrough product” and said to be: “the first and only renewably sourced water repellent treatment available today”.
The new DWR finish contains 63 per cent renewably sourced content derived from a ‘variety of plant-based sources’, which are non-GMO and non-food-source feedstock. “It also fully complies with Oeko-Tex, Standard 100 requirements, and is compliant with the Zero Discharge of Hazardous Chemicals (ZDHC) Joint Roadmap Manufacturers Restricted Substance List (MRSL),” said the company. Huntsman says the new DWR finish effectively repels water and common water-based liquids such as fruit juice, hot coffee and red wine and is designed to work on cotton, synthetics and blends. It is claimed to be “up to three times more durable than existing non-fluorinated repellents, delivering high-performance repellency for at least 30 washes, which is comparable to leading repellent products.” The treatment is applied by padding at loading levels comparable or lower than other typical repellent finishes and can be combined with Huntsman’s Phobol Xan Extender to boost wash durability.
“Brands are increasingly demanding products that are sustainable and renewably sourced without sacrificing high performance durability,” said Lee Howarth, Global Marketing Manager from Huntsman Textile Effects. “Zelan R3 finish was developed to satisfy this demand, delivering superior water protection while also reducing the environmental footprint of treated fabrics.” It was also revealed that Chemours is now in the process of becoming a bluesign system partner so that the organisation, and the new Zelan R3 finish product can be evaluated, achieve bluesign approved status and be listed in the bluesign bluefinder.
SOURCE: The Ecotextile
Invista Performance Technologies (IPT) the PTA industry’s most prolific licensor, introduces an upgraded technology platform for the production of PTA, a basic raw material for polyester that offers licensees significant production efficiencies. Invista’s latest technology offering - called P8 - delivers significant variable cost improvements through milder reactor conditions, improved energy integration and recovery. The process is a net electricity exporter with a reduced environmental footprint resulting from low energy and water usage and reduced waste generation.
According to Invista, the net effect is a greater than US$20 per tonne variable cost improvement compared to plants licensed just a few years ago and could be up to $40 per tonne advantage over competitors’ technologies. Mike Pickens, IPT president informed that the PTA and polyester industries are extremely competitive. And, while their previous vintages of technology provided significant competitive advantage compared to alternatives, this new PTA platform drives their customers’ variable and capital costs even lower. Their focus on process simplification, value engineering and layout optimization has resulted in a compact design that significantly improves the capital productivity. Pickens further said that in this market environment, every tonne, every dollar must be optimized. That’s why their focus has always been on safely and efficiently reducing variable costs and improving the capital productivity for their licensees. They have a proven track record of successful technology transfer with licensees quickly achieving design rates and performance parameters. With their reliable and efficient plants, most of their licensees continue to operate at high rates even in this arduous PTA market.
Since 2000, Invista has been involved with the start-up of 19 world-scale PTA plants and with five additional plants at various stages in the design and construction process. INVISTA’s latest technology platform is protected by numerous granted and pending patent families, giving licensees the confidence to invest in today’s competitive environment. INVISTA Performance Technologies has been licensing PTA and polyester technologies for more than 40 years, driving scale and variable cost reductions through innovations that deliver licensees a competitive advantage relative to other available technologies. IPT’s rigorous technology design process includes fundamental research, modelling, process and safety engineering, functional and operational expertise, and critical vendor developments. This collective approach to design and technical services leverages the knowledge and expertise of IPT’s personnel to deliver unparalleled value to the market. For investors integrating along the polyester chain, IPT also offers world -scale polyester resin and textile CPs with more than 1million tonnes per annum of capacity started up in the past year and another 4 million tonnes per annum of capacity under execution.
SOURCE: Yarns&Fibers
Intertextile Shanghai Home Textiles which runs from August 26-28, 2015 features a new and expanded trend programme named InterDesign. Trend forecasting, conceptual designs, product demonstrations and forums, designed and led by industry experts, will all be featured an in-depth, comprehensive and practical program. The trade show will see around 1,400 exhibitors showcasing the latest decorative fabrics, bedding and towelling, wall coverings, carpets and rugs, non-textile curtain accessories and sun protection systems.
Wendy Wen, senior general manager of Messe Frankfurt (HK) Ltd, said, “We have tailored the InterDesign area and events to help the industry understand the 2016 trend concepts.” “It will also explain as to how these can be applied in a practical way, as well as providing a space for idea exchange by industry experts,” she added. “The InterDesign programme includes three special areas: a Trend Area, Trend Concept Show and Forum Space,” Messe Frankfurt, the organiser said in a press release. The trend concepts for 2016 will be displayed in the Intertextile International Lifestyle Trend Area, which is designed by Nelly Rodi Agency, specialists in the analysis of consumer lifestyle trends.
Led by the Nelly Rodi Agency, this year’s trend committee comprises experts from six design firms from Asia and Europe who have developed four international themes that express the home textile trends. For the first time this year, the committee will be represented by two young textile designers from Japan, who will bring a more Oriental flavour to the trends. These two designers have cooperated with Heimtextil Frankfurt, the parent fair of Intertextile Shanghai Home Textiles, for a number of years and so will bring valuable knowledge and experience to this project.
The four themes that will feature in the Trend Area are; Modern Sensitive, Smart Fiction, Pop Energy and Premium Twist and will be brought to life by a series of product demonstrations. Exhibitors will also be able to submit their latest products for inclusion in the Trend Area as a way to attract more buyers to their booths. Taking the trend concepts and implementing them in a practical setting is the Trend Concept Show which is coordinated by leading Chinese designer Shen Lei. He has invited eight well-known local designers who will be matched with leading industry brands, with the designers then creating products in a real-world setting to help buyers visualise the trends. And to further increase the knowledge of the local industry, the Forum Space will feature well-known designers and trend experts exchanging their views on interior designs and market trends. In addition to the Forum Space events, participants of the fair can also take part in a number of design and trend seminars. A Soft Furnishings Design Forum will also take place at the fair, while those looking to understand domestic market trends in more detail can learn more at the China Home Textile Trend Forum.
SOURCE: Fibre2fashion
