Market Flash

Although underlying sentiment surrounding the oil market has remained firm, prices have been unable to sustain their best levels with a paring of long positions.

• Crude Oil

On August 6 2017, ground-breaking ceremony about Korla Textile and Garment City’s 6,000 sets of air-jet looms to produce 500 million meters/year high-grade biomass fabric project was held in Korla Economic and Technological Development Zone.

• Textile

2017 China state cotton auction will extend one month to end on September 29, 2017,

• Cotton
• Textile
• China

Malaysian Prime Minister Najib Razak reiterated his belief on Tuesday that China's Belt and Road Initiative will be a game changer for regional economy.

• Malaysia
• Belt and Road

When people in the United States talk about blue jeans, they are most likely to mention Levi Strauss, the German-American businessman whose company made the first pair of blue jeans in San Francisco in 1873.

• Jeans

Tianyuan Garments Company of Suzhou signed an agreement with SoftWear Automation of Atlanta to develop a fully automated T-shirt production line at Tianyuan's newly acquired plant in Little Rock, Arkansas, on July 19.

• Textile

BP Zhuhai shuts the 1.25 million mt/yr PTA unit on Aug 1 and restarted on Aug 3, now running normally.

• PTA

India’s cotton production is estimated to increase by 10-15 percent on higher acreage across the country in the forthcoming 2017-18 season starting October over last year’s output of 337.25 lakh bales of 170 kg each.

• Cotton
• India

For 2016, the sales of organic fibres in the United States have increased to $1.4 billion, 9.2 per cent up from the previous year, says a recent report. For the reported period, sales of non-food organic products have

• Fibre
• US

The Supreme Court ban on the use of antimony, lithium, mercury, arsenic and lead in the manufacture of firecrackers to prevent air pollution has turned the focus on what chemicals are used to produce spectacular visual effects and noise.

• Firecrackers

The hydrogen peroxide market is primarily driven by its wide ranging applications in three major industries: paper and pulp, electronics and semiconductor, and agriculture.

• Hydrogen Peroxide

Turkey exported $2.08 billion worth of plastic products in the first six months of the year, marking a 1.8 percent increase compared to the same period last year, according to the Turkish Plastics Industry Foundation (PAGEV) on Aug. 3.

• Plastics
• Export

The Lubrizol Corporation's Performance Coatings business has announced an extensive upgrade to its Textile Coatings Center of Excellence in Gastonia, NC.

• Textile
• Coating

The Indian handloom sector, which does not fall under the goods and services tax (GST) regime, has been allocated subsidies worth Rs 6,000 crore and the government may consider

• Indian
• Textile

The share of Pakistan’s textile industry in domestic commerce has surpassed the sector’s export figures, according to data compiled by the All Pakistan Textile Mills Association (Aptma)

• Textile

Growing demand from healthcare and petrochemical industries coupled with stringent government regulations regarding the usage of synthetic acids and chemicals to aid North America organic acid market through 2026.

• Organic Acid

The ethylene oxide (EO) market increased slightly this week. Up to Aug 3, the EO fixed price in Sinopec Shanghai Company was RMB 9,000/mt, which was up 2.27% W-O-W.

• EO

Vietnam, India and Pakistan remain major suppliers for imported cotton yarn in China year to date, and other markets like Indonesia, Uzbekistan and Malaysia also occupy certain share.

• Vietnam
• India
• Textile

Most trades in the Brazilian cotton market were limited to small volumes in July. Although sellers were more flexible regarding asking prices, purchasers were not interested in trading in the spot market, bidding prices lower than those asked by sellers.

• Cotton

TCIB founder, Mohammad Ghafoor said the reason for this is that the Department of Tertiary Education Financing (DTEF) stopped sponsoring students to study for certificate courses.

• Textile
• Clothing