Textile Raw Material Price 2013-07-01 Item Price Unit Fluctuation Date Oil WTI 95.17 USD/Barrel -0.39 2013-07-01 PX 1412 USD/Ton 2 2013-07-01 PTA Buy 7630 RMB/Ton -10 2013-07-01 PTA Sell 1055 USD/Ton 5 2013-07-01 MEG Buy 7130 RMB/Ton 20 2013-07-01 MEG Sell 948 USD/Ton -2 2013-07-01 CPL Buy 18300 RMB/Ton 0 2013-07-01 CPL Sell 2370 USD/Ton 0

Nike reported fiscal 2013 financial results for its fourth quarter and full year ended May 31, 2013. For continuing operations, strong demand for Nike brands drove fourth quarter revenue to 6.7 billion dollars, up 7 percent, or 9 percent on a currency neutral basis. Fourth quarter diluted EPS from continuing operations grew faster than revenue, up 27 percent, mainly as a result of gross margin expansion, a lower effective tax rate and a lower average share count. Fiscal 2013 revenues from conti

Over the past decade, Chinese textile and clothing companies have sought to supplement their revenues by investing in land and property. The boom in housing prices has contrasted in recent years with an increasingly challenging market climate for textiles and clothing, with rising production costs undermining profitability. According to China Textile Council, 31 of the top 50 companies in the textiles and clothing sector since 2005 have derived a least a portion of their income from investment i

The United States has no plans to restrict clothing imports from Bangladesh to put additional pressure on that country to improve safety conditions for workers, the top U.S. trade official said Thursday. US Trade Representative Mike Froman told reporters he hoped that suspending U.S. trade benefits on a number of non-textile goods would be enough to encourage the Bangladeshi government to make needed reforms. — Source: Reuters

Ivanovo Manufactory, one of Russia's largest manufacturers of technical textiles, has signed an agreement with the Riko Group, a diversified Slovenian holding company, on the construction a plant for the production flame retardent fabrics from synthetic fibres in the Ivanovo region, one of Russia’s largest textile production centre. The total investment in the project is estimated at 125 million Euros, most of which will be provided in the form of a loan by Vnesheconombank, one of the largest

New Zealand Wool Services International Limiteds Marketing Executive, Mr Paul Steel reports that the weaker New Zealand dollar to the US dollar and poor weather which has affected supply long term, combined to push local prices as exporters struggle …Dollar And Supply Boosts Wool Prices. New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the weaker New Zealand dollar to the US dollar and poor weather which has affected supply long term, combined to

From 1 to 4 July, a business and institutional mission organized by Italian Trade Promotion Agency and ACIMIT, the Association of Italian Textile Machinery Manufacturers, will be traveling to Ethiopia. The mission is intended to strengthen contacts between Italy’s textile machinery industry and the local textile and garments sector. Between 2004 and 2010, Ethiopia recorded a GDP growth rate of 11%, ranking among the world’s fastest growing economies. In 2012, GDP growth came in at 7%, and is

A US$2.7 billion petrochemical complex between South Korea's SK Global Chemical Co Ltd and China's state refiner, Sinopec Corp , will start its ethylene production from the second half of this year, SK said in a statement on Friday - PHOTO: AFP A US$2.7 billion petrochemical complex between South Korea's SK Global Chemical Co Ltd and China's state refiner, Sinopec Corp , will start its ethylene production from the second half of this year, SK said in a statement on Friday. SK Global Chemica

Textile entrepreneurs in the country's biggest man-made fabric (MMF) industry, which is based in the city, has sought the support of the ministry of textile for setting up a marketing and raw material bank for the powerloom cluster. Industry sources said most of the weavers in the decentralized sector do not have organized information about what to produce, where to sell and procure required raw material. In order to achieve the goal, a federal association or district level co-operative soci

("CCEA on Friday approved reimbursement of losses amounting to Rs 719.41 cr to the CCI on MSP operations in the cotton season 2012-13.) The Government has decided to reimburse Rs 719.41 crore to Cotton Corporation of India for the losses incurred while buying the fibre at minimum support price during the cotton season 2012-13. The decision was taken by the Cabinet Committee on Economic Affairs (CCEA) yesterday. “CCEA today approved reimbursement of losses amounting to Rs 719.41 crore to