Industry expert says due to inability of weavers to pass on full costs, in last two years investments in weaving was on standstill. Textile fabric prices are set to go up following the sharp increase in raw material prices. And passing on the cost has begun to happen at all the levels from small weavers to large companies. Cost of synthetic fiber has been going up due to sharp fall in rupee which has increased cost of petrochemicals like PTA and MEG but simultaneously cotton prices have also

Quality factor helped prices to move up with gradual pace on the cotton market on Monday, dealers said. The official spot rate was unchanged at Rs 6,700, they said. Prices of seed cotton per 40 kg in Sindh, giving up weakness, gained Rs 75-100 owing to good variety, while in Punjab rates maintained wee-end levels at Rs 2700-2900, they said. In the ready session, approximately 9,000 bales of cotton changed hands between Rs 6650-6800, they said. According to the market sources, mills were hesita

Textile Raw Material Price 2013-09-03 Item Price Unit Fluctuation Date Oil WTI 107.65 USD/Barrel -1.15 2013-09-03 PX 1520 USD/Ton -3 2013-09-03 PTA Buy 7780 RMB/Ton 0 2013-09-03 PTA Sell 1075 USD/Ton 0 2013-09-03 MEG Buy 8070 RMB/Ton 10 2013-09-03 MEG Sell 1100 USD/Ton 5 2013-09-03 CPL Buy 18400 RMB/Ton 0 2013-09-03 CPL Sell 2350 USD/To

Textured Jersey Lanka PLC (TJL), Sri Lanka's leading provider of knit fabric, started the new financial year posting an impressive Rs.240mn net profit for the quarter ended 30th June 2013 (1Q FY2013/14), representing a strong 40% year-on-year growth. Increased sales revenue, improved margins from higher capacity utilization stemming from increased sales volumes, and TJL's strong financial position were identified as the main reasons for its robust year-on-year performance. During the quart

Top 10 Categories in Rising Top 10 Categories in Falling 1.Viscose/Wool Fabric 0.97% 1.Lace -0.79% 2.Viscose Fabric 0.79% 2.Cotton/Linen -0.74% 3.Polyester Fabric 0.71% 3.Household Textiles -0.64% 4.Other Chemical Fiber 0.55% 4.Apparel Lining -0.64% 5.Blended 0.46% 5.Fashion Fabric -0.60% 6.Thread & Rope 0.44% 6.Chemical Fiber Grey Cloth -0.54% 7.Curtain 0.36% 7.Nylon Fabric -0.46% 8.W

Speculators have clearly lost their appetite for the cotton market after last week’s drubbing and continued to reduce their net long position. This is evident from the reduction in December open interest, which has dropped by more than 35’000 contracts over the last seven sessions. Since the trade was active buying back some of its net short, probably as a result of new sales and mill fixations, trading action was fairly balanced this week, which allowed for an orderly liquidation. Speakin

Textile Raw Material Price 2013-09-01 Item Price Unit Fluctuation Date Oil WTI 108.8 USD/Barrel -1.3 2013-09-01 PX 1523 USD/Ton -11 2013-09-01 PTA Buy 7780 RMB/Ton -10 2013-09-01 PTA Sell 1075 USD/Ton 0 2013-09-01 MEG Buy 8060 RMB/Ton 30 2013-09-01 MEG Sell 1095 USD/Ton 5 2013-09-01 CPL Buy 18400 RMB/Ton 0 2013-09-01 CPL Sell 2350 USD/T

The New York futures market collapsed last week as speculators through in the towel and exited "long" positions. A clear reason for their capitulation is not readily discernible. Some analysts pointed to a slight improvement in growing conditions in parts of the US, as well as further forecasts in India of a bumper crop. However, in reality, little has changed in terms of cotton market fundamentals, both during the initial movement higher and the subsequent sell-off last week. Joe Nicosia, execu

Textile Raw Material Price 2013-08-30 Item Price Unit Fluctuation Date Oil WTI 110.1 USD/Barrel 1.09 2013-08-30 PX 1534 USD/Ton 17 2013-08-30 PTA Buy 7790 RMB/Ton -10 2013-08-30 PTA Sell 1075 USD/Ton 5 2013-08-30 MEG Buy 8030 RMB/Ton 20 2013-08-30 MEG Sell 1090 USD/Ton 3 2013-08-30 CPL Buy 18400 RMB/Ton 0 2013-08-30 CPL Sell 2350 USD/To

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that apart from a small selection of finer Crossbred Hogget Fleece which eased in value, the balance of the 7,260 bales of wool on offer at the South Island sale improved with some Merino Wools lifting significantly. With a clearance of 90 percent of the offering and a weighted currency indicator that only eased 0.30 percent, the firmer market is attributed to Exporter shipping requirements and slightly mo