CMAI index on decline for 5 years
The onus for fall in the last three years could be attributed to demonetisation and the implementation of GST which have disrupted market sentiment and overall growth and the market has not yet recovered from their effects.
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The cotton yarn prices have moved in line with the cotton prices, during the period. Further, China is importing more cotton and less yarn from India given the duty differential between the two.
Asia PX supply to lengthen on new capacities
Supply of paraxylene (PX) in Asia should gradually lengthen as a result of PX capacity expansion growth,driven by two large production units coming on stream in the key China market this year.
Mid & small brands fair better in Q3
CMAI’s Apparel Index for Q3 (Oct-Dec FY 2018-19) reveals growth rate was better than previous quarter but still lower than expectation.
Cotton, yarn prices sluggish
In line with the cotton prices, the cotton yarn prices have also witnessed sluggishness during the period.
PTA to face price pressure on fresh supply?
Supply of purified terephthalic acid (PTA) in Asia is expected to lengthen in the second half of 2018 as new capacities will start up in the major markets of India and China, amid a slowdown in demand, according to ICIS, a leading petrochemicals market information provider.
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