Market Flash

The Cotton Board has reviewed and voted to recommend Cotton Incorporated’s proposed 2018 budget of $74 million to the US Secretary of Agriculture during its annual meeting in Durham, North Carolina.

• Cotton

Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States.

• Oil
• U.S.

Ford India will be replacing the MRF tyres equipped on the Figo hatchback and the Aspire sedan due to an issue.

• Ford
• Tyres

Cotton yarn futures trading recently began on the Zhengzhou Commodity Exchange (ZCE) in the Henan province of China.

• Cotton
• Yarn
• China

Interfiliere Shanghai, the leading trade show for intimates, beachwear and swimwear fabrics, will focus on textile printing.

• Textile

Hamburg-based Cotton made in Africa (CmiA) initiative, which assists small cotton farmers in Africa in reaching international markets, organized two workshops in the Qingdao and Guangzhou provinces of China in August to introduce Chinese market operators

• Cotton
• Africa

Shorn wool production in 2017-18 will be 340 million kilograms (mkg) greasy, predicts the Australian Wool Production Forecasting Committee (AWPFC). This is the same as the 2016-17 estimates

• Australia
• Wool

A lack of liquidity has contributed to volatile trading in oil with limited a retreat from best levels triggered in part by a measured dollar recovery.

• Trading
• Crude Oil

By 2025, digital transformation could add between $310 billion and $550 billion of economic value to the global chemicals and advanced materials industry, according to an analysis by the World Economic Forum (WEF) and IT major, Accenture.

• Manufacturing

North America chemical tanker shipping market size was valued at $259.2 billion in 2016 and is expected to reach $339.5 billion by 2027, according to a new report by Grand View Research Inc.

• Shipping

Cotton prices dropped in the Brazilian market in the first fortnight of August. The average price during the first 15 days was 2.4379 BRL

• Textile
• Cotton

On a rainy July evening in the busy and sprawling Surat Textile Market, Rangnath Sarda received a call from a client, a distributor in Tamil Nadu, to discuss billing details under the new GST regime.

• Textile

Eastern Market (SZ 000301) announced to issue shares to acquire 100% equity of Guowanggaoke on late Aug 20 after 5-month stock suspension. Thus the business of Eastern Market expanded to civil polyester.

• Fiber
• Polyester

The U.S. Naval Research Laboratory (NRL) recently developed novel alkoxysilane-terminated N-substituted urea polymers for use in moisture-curable, single-component (1K) polysiloxane topcoats

• Isocyanate-Free
• Coating

The accretion of Nigeria’s foreign exchange (forex) reserves has continued, as figures released by the Central Bank of Nigeria (CBN) have shown that reserves had grown by $1.263 billion this quarter to $31.551 billion as of August 16,

• Shale Oil

Recently, the ethylene glycol (EG) market rebounded, but the increasing intention was not high.

Rice University materials scientists have created a light foam from two-dimensional sheets of hexagonal-boron nitride (h-BN) that absorbs carbon dioxide.

• Foam

In an interview, Suiniaty Basirun, Chairperson, Singapore Chemical Industry Council (SCIC) with Chemical Today Magazine talks about the opportunities and challenges faced by the chemical industry in Singapore.

• Singapore

In an interview, Naveen Kumar Bhatia, Advisor, Premium Coatings & Chemicals (P) Ltd with Chemical Today Magazine discusses the advancement in coatings for the decorative and industrial segments in the country.

• Coatings

Researchers at The University of Manchester in collaboration with Central South University (CSU), China, have created a new kind of ceramic coating that could revolutionise hypersonic travel for air, space and defence purposes.

• Ceramic
• Coating