Market Flash

She said that for enhancing exports, Drug Regulatory Authority Pakistan (DRAP) and the local industry need to improve Good Manufacturing Practices (GMP) compliance

• Pakistan
• Pharma

With news Monday that Saudi Arabia promised deep cuts to crude exports next month, oil extended gains to $47 a barrel.

• Oil

The Chinese caprolactam (CPL) market continued increasing recently. The dealing price has reached RMB 15,000/mt. The CPL market has performed strongly since mid-July.

The UK's new environment minister has repeated the government's pledge to introduce legislation to ban the manufacture of rinse-off cosmetics containing microbeads from 1 January 2018, and their sale from 30 June the same year.

• Cosmetics
• Microbeads

Cosmetic chemicals are the primary ingredients that are used for formulation of personal care products.

• cosmetic

The Ministry of Textiles has clarified that GST registration is not required for job workers/ job units whose annual turnover does not exceed Rs 20 lakh. The ministry has also warned of action against master weavers who insist small job...

• Textile
• GST

The Lubrizol Corporation's Performance Coatings business announces an extensive upgrade to its Textile Coatings Center of Excellence in Gastonia, NC. This facility, which focuses on

• Textile
• Coating

Japan's Finance Ministry plans to expand the preferential tariff program as early as fiscal 2019 to prevent a spike in import levies on goods from China and other key trade partners.

• Japan
• Import

Recently, China National Cotton Reserves Corporation (CNCRC) issued a notice regarding the plan to inspect the sixth batch of 2016/17 state reserved cotton and the quantity is supposed to be 414kt.

• Cotton

About 2,000 farmers in the Upper West Akim District of the Eastern Region have lost their cocoa farms to rubber plantation companies, as rubber investors offer more cash for stool lands.

• Rubber
• Cocoa

According to Counsellor's Report of USDA, West Africa's seed cotton output is projected at 760kt in 2016/17 season, up 18% year on year, mainly attribtued to the higher planted areas

• Cotton
• Africa

Axalta Coating Systems, in collaboration with Euro Façade, Superb Aluminium and Mulia Group, will supply its Alesta powder coatings for The Exchange 106 tower in Kuala Lumpur, Malaysia.

• Coating
• Axalta

The methyl methacrylate (MMA) market hit new highs in 2017. Up to July 24, the mainstream price for MMA in East China’s secondary market was RMB 20,500/mt,

Primark has recalled thousands of pairs of flip-flops after discovering they contain a chemical that can cause cancer.

• Primark
• Carcinogenic
• Flip-Flops

Consumer NZ is warning people to limit their use of Colgate Total toothpaste because it contains a chemical banned in some countries.

• Colgate
• Personal Care
• Hormone

Sherwin-Williams, through its Industrial Wood Coatings Division, has formalized a $300,000 investment in the Manufacturing Industry Learning Lab (MiLL), a new national training center teaching the next generation of wood manufacturing tradesmen and women.

• Sherwin-Williams
• Wood Coating

The biannual International conference on Functional Textile & Clothing will be held on 9-11 February 2018, in New Delhi, India.

• Textile

Scientists from Tomsk Polytechnic University (TPU) are developing a technology for fuel production from coal processing wastes.

• Coal

Ethiopia aims to generate $30 bn in foreign exchange earnings from the textiles and clothing sector by 2030, according to Ethiopian state minister of industry Bogale Feleke.

• Textile

The overall export of cotton textiles from India declined in 2016-17 compared to the previous two fiscals, minister of state for textiles Ajay Tamta said in a written reply to the Rajya Sabha

• India
• Cotton