|
Item |
Price |
Unit |
Fluctuation |
|
PSF |
1303.97 |
RMB/Ton |
-0.13% |
|
VSF |
2045.13 |
RMB/Ton |
0% |
|
ASF |
2499.14 |
RMB/Ton |
0% |
|
Polyester POY |
1374.32 |
RMB/Ton |
-0.59% |
|
Nylon FDY |
3141.31 |
RMB/Ton |
0% |
|
40D Spandex |
6544.40 |
RMB/Ton |
0% |
|
Nylon DTY |
2694.66 |
RMB/Ton |
0% |
|
Viscose Long Filament |
1587.02 |
RMB/Ton |
-0.51% |
|
Polyester DTY |
3386.73 |
RMB/Ton |
0% |
|
Nylon POY |
5939.04 |
RMB/Ton |
0.14% |
|
Acrylic Top 3D |
1652.46 |
RMB/Ton |
0% |
|
Polyester FDY |
2944.98 |
RMB/Ton |
0% |
|
30S Spun Rayon Yarn |
2732.29 |
RMB/Ton |
0% |
|
32S Polyester Yarn |
2061.49 |
RMB/Ton |
0% |
|
45S T/C Yarn |
2994.06 |
RMB/Ton |
0% |
|
45S Polyester Yarn |
2765.01 |
RMB/Ton |
0% |
|
T/C Yarn 65/35 32S |
2208.74 |
RMB/Ton |
0% |
|
40S Rayon Yarn |
2568.68 |
RMB/Ton |
0% |
|
T/R Yarn 65/35 32S |
2895.90 |
RMB/Ton |
0% |
|
10S Denim Fabric |
1.15 |
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 = 0.16361 USD dtd. 14/05/2015)
The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
http://www.globaltextiles.com/info/detail/002-19361/Textile-Raw-Material-Price-2015-05-14.html
India’s textile and clothing exports in the 10 month period of April 2014 to January 2015 witnessed growth of almost four percent to $34 billion as per the Union textiles ministry data. This means $41 billion for the year, growth of only 3.8 percent as against the rise of 12.4 percent to $39.3 billion in 2013-14.
Sluggish global demand and declining competitiveness is likely to see less of export in 2014-15 for the textile and clothing (T&C) sector. According to industry sources, it should be five percent. In a stand-alone basis, though, apparel export is expected to show 10-13 percent growth. However, this would be the lowest in recent years.
In June 2014, Union textiles minister Santosh Gangwar had said that the T&C sector exports in 2014-15 were expected to grow 25 per cent to $50 bn. According to experts there are several reasons for the subdued growth, also likely in 2015-16 if the current situation persists. According to the Apparel Export Promotion Council, garment exports will continue to grow at a little over 10 percent, perhaps 10-13 percent.
D K Nair, secretary general of the Confederation of Indian Textile Industry said that there are several export-related incentives the industry has been demanding from the government. For next year to be better, the government will have to take steps to incentivize textile and garment exports further. K Selvaraju of the South Indian Mills Association is of the view that almost the entire value chain, barring garments are witnessing a lower trend in export growth. For instance, the cotton yarn has an export capability of 140-160 million kg but it is seeing 110-120 mn kg only.
Source : Yarn and fibre
Benzene prices jumped sharply across regions for the third consecutive month of April, with highest rise seen in Europe. Asian benzene prices rose on strength of downstream styrene and toluene markets and also buoyed by the spurt in US numbers. Asian benzene marker, the FOB Korea jumped 8% or US$62 in April. In US, spot benzene posted sharp gains in week four of April on buying interest and gains in Europe. In Europe, reduced pygas availability pushed benzene markets up while exports and rising demand reduce domestic supply. US spot prices rose 12% while European spot jumped 17% from March.
In contracts, USA once again saw split contract settlement at US cents 258 and US cents 260 a galling, increasing 26.5% and 25.0%, respectively. The corresponding contract in Europe increased 24.6% to US$730 a ton for April. Asian was less severe, as March prices were already higher than those in other regions. Nippon Oil’s Asian contract rose 15.8% to US$770 a ton.
As benzene markets remained strong and industrial demand anticipated to improve slightly, caprolactum kept sentiment firm with supply still tight. Like April, May will continue to remain robust on similar lines. In Taiwan, a major buyer reportedly concluded its April contracts at US$1,800-1,810 a ton CFR Asia. Sinopec settled its May contract price at US$2,370 a ton, up US$70 from April for liquid good while DSM Nanjing Chemical offer for May was at US$2,450 a ton, up US$85, for solid good. Meanwhile, spot prices in April were up 4% from last month in Asian market. Caprolactum markets in US and Europe were far ahead of Asia. Spot prices rose 17% in US and 9% in Europe.
Nylon chip producers hiked offers given low inventory and firm caprolactum cost. Demand was modest as operating rate of nylon producers was rising, but buying interest for chips was cautious as end product prices lagged behind. Demand for monofilament and engineering plastics grade chips saw marginal change. Offers for Taiwan-origin chips were up 4% from March while in China, bright conventional spinning nylon-6 chips prices gained US$165 a ton from March while semi-dull chips were offered US$100 higher.
Nylon filament yarn markets were buoyed by underlying jump in caprolactum and nylon chip prices. Demand also inched up slightly as converters in sectors like hosiery and warp knitting mills acted insipidly due to tight liquidity. Nylon-6 FDY market was firm, and producers showed intention to raise the prices in May while nylon-6 POY headed upward. Nylon-6 DTY market was generally stable, given resistance from downstream mills. In China, semi-dull FDY70D/24F was traded US cents 9 a kg higher in April while FDY40D was pegged up US cents 12 from March. No change was reported in nylon filament yarn prices in Europe and US in April, but has the potential to rise in coming months, given the firm raw material prices. Meanwhile, nylon chip and nylon yarn sectors will show strong performance, with terminal demand to restore mildly in May.
Source : Yarn and fibre
Finance Minister Arun Jaitley is optimistic that Goods & Services Tax (GST) will not miss the deadline of April 1, despite legislative process pushed back for at least two months. “I am still hopeful, in fact very hopeful that we will be able to achieve,” Jaitley said in a press conference here on Thursday.
The Centre was pushed to refer the Constitution Amendment Bill for introduction of GST to a select panel in the Rajya Sabha. Jaitley said that once the Bill is passed by Parliament, it will have to be ratified by the States. After half the States have ratified, the supporting legislations (CGST or Central Goods & Services Tax, SGST or State Goods & Services Tax and IGST or Integrated Goods & Services Tax) need to be passed to facilitate the implementation of GST. “All these exercises will really have to be done in Monsoon Session and the Winter Session along with other preparations,” he said adding that the Department of Revenue and Empowered Committee of States’ Finance Minister will have to work over time. Though he termed the just concluded Budget session as a productive one, he said, “I would have been much happier, if the Rajya Sabha also had approved GST”.
Talking about the Land Bill, Finance Minister expressed hope that the Bill will get passed in the monsoon session. The Bill has been referred to a joint panel with a timeline of giving its report by first day of the monsoon session. “I do believe that the roadmap which we have now developed of sending to the joint committee is probably the fastest route to get the land Bill through,” he said.
On growth prospects, he said that economy is in a recovering stage. “Inflation is under control, growth figures appear to be much better, fiscal deficit is under control, current account deficit (CAD) is under control,” he said while adding that service sector is expanding and also there is more expenditure on the infrastructure. “I think from despondency, we have entered more positive zones,” he said.
Source : Business Line
The foundation stone of seven handloom common facility centres at Kardhana in Sevapuri block in Varanasi was laid by H. E. Governor Uttar Pradesh Ram Naik today. Union minister of state for textiles (independent charge) Santosh Gangwar who was also present planted saplings at the site of Trade Facilitation Centre and Crafts Museum at Bada Lalpur and interact with intellectuals at the Banaras Hindu University (BHU).
On the occasion, the Governor recalled the laying of foundation stone of Trade Facilitation Centre and Crafts Museum in Varanasi by Honourable Prime Minister Shri Narendra Modi, on 7th November, 2014. He said that work has commenced on this front, and that visible progress will be made soon. He added that there is a need for the weavers to adapt their ways of working, in accordance with latest technologies and changing market demands.
Addressing the gathering, the Union Textiles Minister said that a National Institute of Fashion Technology (NIFT) sub-centre is being planned in Varanasi. Talking about the Common Facility Centres, the Minister said that the Centres will help Varanasi’s one lakh weavers in upgrading their skills and thereby in empowering themselves. Recalling the words of Pandit Deendayal Upadhyaya, Shri Gangwar said that schemes such as this serve to fulfill Pandit Deendayal’s dream to bring the fruits of development to the last mile, based on the principle of ‘Sabka Saath Sabka Vikas’, espoused by the Prime Minister.
The Central government had announced establishment of Trade Facilitation Centre and a Crafts Museum in Budget 2014-15 to develop and promote handlooms, handicrafts and silk products of Varanasi and to provide necessary help to weavers, artisans and entrepreneurs for boosting their marketing activities in domestic as well as international markets and carry forward the rich tradition of handlooms.
The main handloom product of Banaras is saree, but recently there has been a thrust towards product diversification and weavers have ventured into making dress material, stoles, scarves, made-ups like curtain, cushion covers, table cover and napkins.
The Export Promotion Council for Handicrafts (EPCH) which is having experience in running/managing Expo Mart at Noida and is actively involved in trade promotion of handicrafts has been nominated as the implementing agency for setting up of TFC & Crafts Museum, which is proposed to be set up with an outlay of Rs 200 crore and is expected to be completed by January 2017.
The Hindustan Steelworks Construction Limited (a Government of India Undertaking) has been appointed as construction agency.As per handloom census 2009-10, there are 37,331 handlooms and 95,439 weavers in Varanasi. The handloom and handicraft products of Varanasi have got wide recognition all over the country and abroad for their highly artistic design, colour combination, superior craftsmanship and long durability.
Source : Yarn and fibre
Prime Minister Narendra Modi today said: “We are committed to set a new direction to ties between India and China.’’ “I sought tangible results on visa policy and trans-border rivers; Stressed that we should be sensitive to each other’s interests,’’ he said.
“On the boundary question, we agreed that we continue to explore a fair, reasonable and mutually acceptable resolution,’’ the Prime Minister added.
Source : Business Line
The Government held its first round of consultations on the Foreign Direct Investment (FDI) policy on e-commerce with stakeholders, including e-retail majors such as Flipkart, on Thursday to discuss concerns and examine the case for allowing foreign investment in the business-to-consumer (B2C) category. “We are not taking a position this way or that. We have heard everybody… on whether they need FDI or do not need FDI and whether it will affect the level playing field. We need many more meetings,” Commerce and Industry Minister Nirmala Sitharaman told reporters after the consultations on Thursday.
At present, India allows 100 per cent FDI in business-to-business or B2B e-commerce, but not in B2C companies that sell directly to consumers. Representatives from industry body CII, FICCI, Nasscom, and companies such as eBay, Snapdeal, Decathlon, H&M, and Ikea attended the meeting. The Minister said some operators had problems with state governments on issues such as e-commerce or how e-commerce is defined and perceived. “I may have meetings with state governments also to understand how they have taken certain positions,” Sitharaman said.
Source : 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$ 64.88 per barrel (bbl) on 14.05.2015. This was lower than the price of US$ 65.70 per bbl on previous publishing day of 13.05.2015.
In rupee terms, the price of Indian Basket decreased to Rs 4141.94 per bbl on 14.05.2015 as compared to Rs 4217.28 per bbl on 13.05.2015. Rupee closed stronger at Rs 63.84 per US$ on 14.05.2015 as against Rs 64.19 per US$ on 13.05.2015. The table below gives details in this regard:
|
Particulars |
Unit |
Price on May 14, 2015 (Previous trading day i.e. 13.05.2015) |
Pricing Fortnight for 01.05.2015 (April 11 to April 28, 2015) |
|
Crude Oil (Indian Basket) |
($/bbl) |
64.88 (65.70) |
60.30 |
|
(Rs/bbl |
4141.94 (4217.28) |
3789.86 |
|
|
Exchange Rate |
(Rs/$) |
63.84 (64.19) |
62.85 |
Source : Ministry of textiles
Dumping of cotton fibre and yarn is becoming a growing problem for Turkey. Last month the Turkish Ministry of Economy determined that revoking existing anti-dumping duties on imports of spun yarns from China, Indonesia and India would be likely to lead to continuation or recurrence of dumping and injury to the country and applied anti-dumping duties for a second term of five years.
And this week Turkey has been driven to take action against Vietnam with its Ministry of Economy filing an anti-dumping investigation into spun polyester yarns. Vietnam has become a significant exporter of polyester yarns to Turkey in the last few years valued at $120m per annum. Turkey’s buoyant textile and garment industry – the latter worth $18.7bn in 2014 – is inevitably attractive to fibre and yarn exporters, particularly given the current inactivity of neighbouring Middle Eastern countries such as Syria.
The slowdown in China also means that demand for cotton and yarn there has declined, increasing pressure from spinners looking for a ready alternative export market. Cotton prices have been weak, putting man-made fibre prices under pressure and desperate fibre producers and spinners are accepting low prices for product just to be able to shift it out of their stores.
It may be that market forces provide a solution to this problem with the United States Department of Agriculture (USDA) in its May report estimating and eight million bale decrease (-6.7%) for the 2015/16 season and an 3.8 million bale increase (3.4%) in mill use. This scenario would reduce the likelihood of dumping and enable the market to return to a more balanced situation.
Source : WTIN Daily News
Global Organic Textile Standard (GOTS) is recognized worldwide as the leading processing standard for textiles made from organic fibers. GOTS-certified facilities are now located in 64 countries around the world. The number of facilities certified to the GOTS has growth by more than 18 percent last year, from 3,085 facilities in 2013 to 3,663 facilities in 2014. Countries with the greatest increase in GOTS certification in 2014 are (in rank order) are: India (+338), Bangladesh (+89), Germany (+32), Turkey (+21) and China (+18). The Top Fifteen countries in terms of the total number of GOTS-certified facilities are: India, Turkey, Germany, China, Bangladesh, Pakistan, Italy, South Korea, Portugal, Japan, France, USA, UK, Austria, and Hong Kong. The growth rate of GOTS certified facilities particularly in India, Bangladesh, Turkey, and China demonstrates that the pull effect on the supply chain continues to be strong.
Growth is evenly spread across all market segments including the mass market and the big brands. GOTS certification enables consumers to purchase items that are certified organic from field to finished product. Seven representatives worldwide (China, Japan, EU, Germany/Austria/ Switzerland, India/Bangladesh, UK, USA/Canada) are driving the increase in the awareness of certification to GOTS. The growth in certifications demonstrates that GOTS has become the standard of choice for brands and retailers to efficiently manage their organic fiber supply chains, said Claudia Kersten, GOTS marketing director. Certification to GOTS also demonstrates a company's commitment to sustainability through third party and independent GOTS certification and reference to GOTS on product labels instead of self-claims.
GOTS has considerably strengthened its widespread global acceptance as a tool that enables and monitors sustainable production worldwide, according to Herbert Ladwig, GOTS managing director. This is also confirmed by the support of governments and worldwide institutions such as the endorsement by IFOAM (International Federation of Organic Agriculture Movements), including the recommendation to governments not to start development of redundant standards and regulations, but rather to make reference to GOTS as the processing standard for organic labelled textiles. According to the Organic Trade Association's recent Organic Industry Survey, the market for organic textiles is the most rapidly growing non-food organic category in the U.S., growing to $1.1 billion in sales in 2014. The sector grew 18% in 2014, its strongest growth since 2009. Much of this growth is the result of the 2011 US Department of Agriculture policy requiring companies labeling their textiles as "organic" to certify their products to the U.S. organic food standard or GOTS, as well as grocery retailers urging their suppliers to become certified to GOTS.
The number of companies in the U.S. gaining certification in 2014 increased 20 percent over 2013 and included: Burt's Bees Baby™, Boll & Branch, IMM Group, Loomstate, Maggie's Organics, MetaWear, Michael Stars, Organics and More, Portico, Synergy Organic Clothing, Under the Canopy, PACT Apparel, Welspun, and Xamax. The companies make a wide array of products, from apparel for babies through women/men, to beds and bedding, and personal care products. GOTS has released a new edition of the Licensing and Labelling Guide addressing changes made in the latest version (4.0) of GOTS on 1 March 2015. The guide explains where and when GOTS labelling and referencing is not permitted in order to prevent possible misinterpretation and misuse. It includes detailed explanation for the correct on-product and off-product logo application and GOTS referencing especially for traders and retailers. India will be holding the sold-out First International GOTS Conference on May 22 in Mumbai.
Source : Yarn and fibre
Two textiles firms in Swaziland are expected to create 800 jobs in the country soon to combat joblessness, one of the country’s leading newspaper has said. The announcement was made by the Swaziland Investments Promotions Authority (SIPA) CEO Phumelele Dlamini in Mbabane. Swaziland’s ministry of commerce, industry and trade and SIPA recently inaugurated the factory shells that would house the textile companies. Dlamini said the factory shells were situated in Nhlangano and Matsanjeni, in the Shiselweni region, the Swazi Observer reported.
“We are expecting that these factory shells will provide job opportunities that will amount to 800. We expect 400 job opportunities from each of the factory shells. Government initially pumped Emalangeni 100 million ($8.3 million) into the factory shells projects, and then pumped in Emalangeni 17 million ($1.4 million) thereafter,” she told reporters in Mbabane. Dlamini said the factory shells would be occupied by textile companies only. She encouraged business people, who would be working in those shells, to cooperate with the government and follow the rule of law when doing their businesses. “We encourage business people to comply with all the laws they are expected to follow. They must make sure that all their working documents are in order.
She also appealed to workers to cooperate with their employers. “We implore workers to work hard and cooperate with their employees so that they can establish a mutually beneficial working relationship with their employers,” she said.
Source: Fibre2fashion.
The All Pakistan Textile Mills Association (APTMA) has said that six per cent import duty on import of polyester staple fiber (PSF) has ruined the textile industry as it has become uncompetitive when incidental charges are added to the import duty, the Pakistani media has reported.
APTMA Chairman SM Tanveer said the regional competitors are offering duty drawbacks besides rebate to their textile industries. As a result, textile exports from Pakistan has become 18 per cent more expensive against the regional competitors due to higher domestic polyester fibre price e.g. in China, the FOB price for PSF is 70.1 yuan/kg (US $ 1.13/Kg.) whereas in Pakistan it is Rs 137/Kg. ($1.34 /Kg), this difference is further compounded by the higher cost of doing business.
Textile industry in Pakistan is becoming unviable in terms of export of yarn and fabric he said, the industry growth has become stagnant due to non-diversification.
He further highlighted that the world dependence on polyester is around 70 per cent at present against merely 19 per cent in Pakistan. This situation has made it difficult for local industry to find a foothold in the world market.
Tanveer said, unlike India, China, Bangladesh and other competitors there is also no duty drawback for industry in Pakistan, As a result, the import of PSF yarns into Pakistan has also started in huge quantities, so far during the first ten months of the current fiscal year over 38,000 tons of man-made fibre yarn has been imported from the Far East and India.
Source : WTIN Daily News
Nigerian textile dyers accusing Chinese business people of being engaged in unfair trading activities staged a peaceful protest on Tuesday in northwestern Kano one of the continent’s largest textile markets. The unfair trading by Chinese has brought the local textiles industry to its knees. Chinese activities have compromised the potential of local dyers in the textile industry. Bashir Dauda Aliyu Dawakin Kudu, chairman of the Local Dyers Association, said that the Chinese activities have comprised the potential of local dyers in the textile industry. He further said that the Chinese businessmen from whom they have been sourcing chemicals have transformed from chief suppliers of chemicals to fulltime involvement in the dye industry.
Kudu insisted that Chinese business activities had rendered over 32,000 members of the local textile industry jobless. He urged the government – and the emir – to intervene on their behalf. The protest led to traffic gridlock in the commercial city, with dyers displaying placards reading, “Chinese are exploiters,” “Chinese are killing local entrepreneurs” and “Protect us against Chinese invasion.” The protest comes one week after four Chinese were detained in Kano for smuggling textile materials worth several billions of naira. Kano’s powerful emir, Muhammadu Sanusi, for his part, urged protesters to distance themselves from any action that might trigger xenophobic attacks in Nigeria. He said that it is unfortunate that they don’t have enabling laws that protect local entrepreneurs. And where they have them are not being implemented.
Source : Yarn and fibre
US cotton production in 2014 season is estimated at 16.3 million 480-pound bales, up 26 per cent from the 2013 crop, according to the final estimate for the season released by National Agricultural Statistical Service (NASS), US department of agriculture (USDA). The United States yield for all cotton is estimated at 838 pounds per acre, up 17 pounds from the previous year and the fourth highest yield on record. Record high yields are estimated in Arizona, Arkansas, Kansas, Mississippi, Missouri, North Carolina, and Virginia, the NASS report said.
The report estimates Upland cotton production 15.8 million 480-pound bales, up 28 per cent from the 2013 crop. The US yield for Upland cotton is estimated at 826 pounds per acre, up 24 pounds from 2013. America Pima production is estimated at 566,400 bales (480-pounds), down 11 per cent from 2013. The United States yield is estimated at 1,432 pounds per acre, down 95 pounds from the previous season. According to the statistics, a total of 15.9 million running bales were ginned during the 2014 season, up 27 per cent from the 2013 season. There were 601 active cotton gins during the 2014 season, down from the 610 gins that operated in 2013. Fifty-three per cent of the gins processed more than 20,000 running bales compared with 36 per cent the previous season.
Source : Global Textiles
Since 2007 the textile research institutes of the regions of Aachen and Dresden in Germany have jointly organized the Aachen-Dresden International Textile Conference. Boasting over 700 participants most recently, this conference counts as one of the most important textile conference in Europe., scientific research major DWI—Leibniz Institute for Interactive Materials said in a statement. Starting in 2016, the German Institutes of Textile and Fiber Research, Denkendorf (DITF) will also be a co-organizer. The Aachen-Dresden-Denkendorf International Textile Conference will take place on a yearly alternating basis at one of the three sites. Parallel to the International Textile Conference, the organizers will respectively launch the German Textile Colloquium as a national pendant with changing special themes in the spring.
Nine years after the regional textile conferences in Aachen and Dresden were fused to the ‘Aachen-Dresden’ conference, the organizers have now widened their national base by extending the existing axis straight through Germany to create the triangle Aachen-Dresden-Denkendorf. The German Textile Colloquium will be held in Denkendorf in the spring of 2016. Then, the Aachen-Dresden-Denkendorf International Textile Conference will take place in Dresden in late November 2016. Thereafter in 2017, the sites Aachen (German Textile Colloquium) and Stuttgart/Denkendorf (International Textile Conference) will host the events.
Professor Dr. Martin Möller of the DWI in Aachen explains, “Within the past decades, the wide assortment of themes in the field of textiles has clearly expanded, and the circle of people interested in textiles has long grown beyond its classical borders. This is true especially for the field of technical textiles. It is exactly this aspect that we wish to better address by means of the widened base.” The two-day conferences are directed to experts from the fields of materials science, chemistry, refining and functionalization as well as mechanical engineering, process engineering and composites.
Professor Dr Chokri Cherif of the Institute of Textile Machinery and High Performance Material Technology at TU Dresden of Dresden applauds the “spreading south” into the Denkendorf region: “With this milestone, we are creating important prerequisites for the further internationalization of our conference. In particular, we are pleased to make an important contribution towards pooling the German conference resources. Thus, we can truly meet the wishes of the industry and expert associations expressed over many years.”
Source: Fibre2fashion.
