Textile Raw Material Price 2013-07-03 Item Price Unit Fluctuation Date Oil WTI 96.55 USD/Barrel -0.01 2013-07-03 PX 1438 USD/Ton 2 2013-07-03 PTA Buy 7700 RMB/Ton 100 2013-07-03 PTA Sell 1060 USD/Ton 5 2013-07-03 MEG Buy 7140 RMB/Ton 110 2013-07-03 MEG Sell 962 USD/Ton 14 2013-07-03 CPL Buy 18300 RMB/Ton 0 2013-07-03 CPL Sell 2370 USD/Ton 0 2013

Uniqlo Japan same-store sales increased by 20.5 percent year-on-year while sales at its own stores increased by 24.7 percent in June 2013. Total sales including online sales increased by 24.6 percent. Same-store sales rose year-on-year in June, thanks in part to the favourable weather, as well as due to strong sales of the summer items featured in our latest advertising campaign. Uniqlo opened five stores and closed three during the month. Fast Retailing is a holding company of the specialty r

The French financial market regulator has fined LVMH a record 8 million euros for failing to inform markets it was raising its stake in elite handbag and scarf maker Hermès. The world’s largest luxury group has already stated it plans to appeal, calling the decision and size of the fine levied "totally unjustified". “In a decision handed down on 25 June 2013, the AMF Enforcement Committee imposed a 8 million euros financial penalty on LVMH. The company was accused of failing to inform the marke

SOWING of two Kharif crops — cotton and rice — are in full swing in Sindh. However, farmers fear that they may not only miss the cotton sowing target, the yield may be low as well. More farmers are turning towards rice cultivation. According to Sindh Agriculture Department officials, 550,001 hectares out of the targeted area of 650,000 hectares for cotton were brought under cultivation till the end of June. The crop is still being sown in upper Sindh due to late availability of irrigation wat

Pakistan is among the top five best leather producers in the world and possesses potential to get more shares in the world market by focusing on marketing strategy. This was stated by Abrar Ahmed, Chief Executive Shafi Reso Chemical while speaking at a ceremony held in connection with 10-year celebration of Shafi Reso Chemical in collaboration with Alpa, an Italian chemical company. He said Pakistan, despite being among the top five best leather producers in the world, has less than one percen

A plan is being prepared to establish a textile city in Karachi to boost business activity and the economy, says Michael. PHOTO: AFP Federal Minister for Ports and Shipping Kamran Michael has said that a plan is being prepared to establish a textile city in Karachi to boost business activity and the economy. According to the minister the government hasalready acquired land within the city to allocate to the project. Talking to the media, he said that foreign investors would be attracted

(The government-appointed committee is expected to prepare a final report on National Fibre Policy by October 31, Textile Commissioner A B Joshi said here.) The government-appointed committee is expected to prepare a final report on National Fibre Policy by October 31, Textile Commissioner A B Joshi said here. "The Government has appointed National Manufacturing Competitiveness Council (NMCC) under the chairmanship of Ajay Shankar. The first meeting of this committee will be taking pl

Innovative technical textiles are in increasing demand in several key categories but companies involved in the sector also face significant threats into the future. An opinion paper, produced by the European Economic and Social Committee, pointed to opportunities such as new solutions for carbon emission reduction in transport through reduced weight materials and improvements in medical technology in areas such as implants and health monitoring. There were also opportunities to produce tailo

Chinese refinery and petrochemicals giant Sinopec (Beijing; www.sinopec.com) is planning to build the company's first gas-based cracker. According to a report from the international news agency "Reuters", Sinopec wants to build the facility in Qingdao, in the country's northeastern province of Shandong, which places it halfway between Beijing and Shanghai. The proposed cost for the site is anticipated to be roughly USD 3.1 bn. The news agency says it will take three years to complete the plant.

India's largest garment fair was inaugurated in Mumbai on Monday. The 57th National Garment Fair is under way at the Bombay Exhibition Centre in Goregaon from July 1-3. The Clothing Manufacturers Association 0f India (CMAI), which is celebrating its golden jubilee this year, has organised this event. Around 589 stalls displaying over 640 brands across an area of 3.75 lakh sq ft. No less than 35,000 retailers from across India are expected to visit this B2B fair. Four fashion shows are part o