The five per cent value-added tax (VAT) levied by the Maharashtra government last year is posing a threat to the furnishing fabric and clothes industry in the state. The sector, which is operating with less than three per cent of margins, has started gradually moving to Gujarat to protect its interest as a home-grown, scattered and labour-intensive industry. The government of Maharashtra, through a notification in August last year, imposed the five percent VAT since September on furnishing fabr

South Africa’s cotton crop will probably be 7 percent greater than previously estimated this production year as higher rainfall will increase yields. Farmers in South Africa and Swaziland will probably harvest 34,000 lint bales in the year through July, Pretoria-based Cotton SA said today in a statement, up from last month’s estimate of about 32,000 bales. "We’ve had good rainfall in the cotton planting areas,” Chief Executive Officer Hennie Bruwer said by phone. “It will lead to a better cott

Ethylene prices weakened in Asian markets due to fading downstream demand. Upstream naphtha was also cheaper easing cost pressure on the ethylene chain. In Europe, spot ethylene prices responded to the lower price environment by moving down. In US, spot ethylene marginally changed, moving up a quarter-cent week on week. Asian paraxylene prices plunged dramatically amid persisting bearish sentiment. Downstream was also subdued erasing demand potential. European spot paraxylene prices also decline

Benzene prices tanked across all three major regions, with Asian benzene prices plunging tracking similar movements in US benzene markets, and were down sharply week on week. US assessment for spot benzene decreased, amid continued pressure from weakening European benzene levels and excess market supply. In Europe, reignited concerns over the domestic benzene demand, as well as a stubbornly closed arbitrage to the US, saw European spot prices plunge. Plunging raw material benzene prices and mo

Propylene prices fell in Asia on bearish downstream polypropylene, the fourth successive week of decline. In Europe, cautious sentiment pervaded in the propylene market as the energy complex continued to weaken. In US, spot refinery-grade propylene kept losing ground throughout the week. Asian acrylonitrile markets almost rolled over at high levels but sentiments were still as cost supports remained and overseas cargoes were limited. Demand lagged behind and spot trading activity was insipid. In

Spun yarn markets remained week in key Asian markets of China, India and Pakistan. While cotton was dearer across region, PSF and VSF prices softened in China, while they held stable in the other two markets this week. Overall 100% cotton yarn market sentiment rolled over, while trading volume of 32s was passable. In China, prices for yarns containing long-staple-cotton surged this week, while those for other specs were stable. In Pakistan, cotton yarn prices further rose in domestic market on s

TeenyB Bikini Couture is pleased to announce their new 2013 Spring Line which contains a variety of beautiful designs, as well as new colors and prints. If you are looking for the perfect Brazilian bikini for the upcoming season, look no further than TeenyB Bikini Couture’s new spring line. Not only do they have a first-ever customized TeenyB baroque print with their eye-catching logo in a wide variety of styles, but there are nearly endless new colors, prints, and styles in this romantic lin

Paul Smith is delighted to announce a very special T-shirt to celebrate the release of Bowie's much-anticipated and critically lauded new album, The Next Day released on March 11th on Iso/RCA. Throughout their illustrious careers at the forefront of fashion and music, Paul and David have been long-time friends, combining their exceptional style, the artwork for The Next Day will be printed on organic cotton, complemented by simple 'Paul Smith for David Bowie' insignia. The artwork, designe

PRDress, a fast-growing online supplier specializing in formal dresses for different events announced brand new 2013 prom dresses. With vast selections of stunning formal dresses, PRDress supplies many fascinating options for customers. The elegant styles allow ladies to wear their beloved dresses to different events with ease. With a creative design team, all high-end dresses from PRDress are made with top-quality fabrics and exquisite details. Selecting one perfect dress to fit different