Polyester value chain showed a mixed trend last week in global markets. While price of purified terephthalic acid (PTA) moved downside, price of monoethylene glycol (MEG) gained. Prices of few upstream products of the value chain remained stable, while there was movement in downstream products. Crude oil, the source material, gained last week.PTA price came down to $995 per ton (CFR) in southeast Asia market. It was noted at $1000 per ton on May 30 and 31, which increased to $1005 per ton June 1

China will roll out new measures to remove barriers in its foreign trade and strengthen the stability of its supply chains, according to its ministry of commerce, which recently said one such measure will seek to alleviate the pressure of international logistics. Foreign trade firms can now apply for vehicle passes from local governments to transport key materials.The government will facilitate smooth domestic transportation of foreign trade goods, and help COVID-affected foreign trade companies

Staubli will present an overview of its latest high-end technologies, machinery, and solutions that offer the textile industry more and greater benefits, at ITM Turkey from June 14-18, 2022, at Tuyap Exhibition and Convention Centre. With the latest technologies and solutions in the textile industry, the event paves the way for innovation and creativity.Visitors to the booth will see a wide range of machines and systems for efficient weaving preparation, frame and Jacquard weaving, and carpet we

Uster will present its quality assurance solutions for nonwovens, as well as spinners at the upcoming Techtextil Germany and ITM in Turkey in June. In medical, hygienic and cosmetic applications flawless end-products are essential. And that means contamination in the fibre raw material is not allowed. Uster Jossi Vision Shield N is the solution.Uster Jossi Vision Shield N works right at the start, within the process line, eliminating even the tiniest unwanted particles and protecting nonwovens m

Sustainability information is crucial for consumers when making shopping decision and 67 per cent of global consumers are more likely to purchase products if sustainability information is well-presented, according to a recent survey. Consumers insist on prioritising products that will not end up in a landfill, and instead prefer ones that are reusable (71 per cent) or recyclable (70 per cent).Despite this, consumers say information on a product’s reusability (34 per cent) and recyclability (30 p

In Tiruppur, production at the Garments Unit and the Weaving Units in Palladam came to a standstill. Because more than 37 industrial companies have called for a two-day strike on May 16 and 17 to draw the government’s attention to the high prices of cotton and yarn.Figure: The knitwear industry has demanded including cotton under the Essential Commodities list and banning export of cotton and yarn.Meanwhile, more than 10,000 knitwear manufacturing and allied work units have been shut down in the

Ethiopia's export to China witnessed a steady growth amid booming bilateral trade and investment cooperation, according to Chinese ambassador to the country Zhao Zhiyuan, who recently said Ethiopia's exports to China increased by 8 per cent in 2021 compared with 2020 as new foreign direct investment (FDI) from Chinese companies grew by 346 per cent.The value of newly signed contract projects by Chinese companies in Ethiopia was up by 25 per cent in 2021, Zhao said.Zhao made the remarks d

The scorching heat wave in North and central India may dent cotton production for the next marketing season beginning October 1. Cotton is sown between mid-April to mid-May in most parts of North India, and also in Tamil Nadu and some adjoining areas. But temperature in north India began to rise abnormally since March, which turned to heat wave in mid-April.Lower production and global price rise pushed up domestic cotton prices above to ₹100,000 per candy of 356 kg last week. This is likely to a

In the 2ndhalf of March 2022, the International Textile Manufacturers Federation (ITMF) conducted the 13thITMF Corona-Survey amongst more than 220 companies around the world in all segments along the textile value chain. For the sixth time since May 2021, companies were asked the same set of questions about their business situation, business expectation, order intake, order backlog and capacity utilisation rate.In addition, they were asked about their main concerns and whether and to what extent

The government wanted to enhance exports to China by removing barriers and providing the requisite support, recently Bangladeshi exporters of leather and leather goods have suggested quality enhancement of leather and leather goods.Figure: The commercial consultant suggested setting up outlets of Bangladeshi brands in China and hiring agents for marketing, promotion and advertising to increase the export of leather goods and footwear.The Ministry of Commerce has recently sought advice from the B