Market Monitor 
Benzene prices remain volatile
May 2017
Spot benzene prices in Asia were volatile in the week ended 12 May as a result of uncertain outlook caused by downstream buyers staying on the sidelines and spot benzene FOB (free on board) Korea prices recovered to $715-725/tonne as of closing of assessment recently, after dipping close to $700/tonne. on Tuesday.
Big brands maintain lead
March 2017
CMAI’s Apparel Index for Q3 October-December FY 2016-17 shows that this quarter has had the lowest growth, so far, with the overall Index Value at 1.4 points, as compared to the previous Quarter (July-Sept FY 2016-17) where overall Index Value was 4.64 points.
Cotton prices may fall due to increased supply
February 2017
The International Cotton Advisory Committee Secretariat has forecast that the season-average Cotlook A Index in 2016/17 will range between 66 and 83 cts/lb, with a midpoint of 74 cts/lb, which would be 4 cts/lb higher than last season.
Oversupply weighs on Asia’s paraxylene prices
October 2016
Asia’s spot paraxylene (PX) prices are likely to remain under downward pressure from ample regional supply amid continued weakness in downstream markets, industry sources said. Asia’s PX inventory remained high, with end-users not likely to hold on to excess volumes in the near term, market sources said. Cargoes from Singapore, India, the Middle East and the US for November and December shipments remained on offer in Asia. Excess monthly supply is estimated at 20,000 tonnes, but traders said that the combined volumes for October and November shipments could be as high as 100,000 tonnes, augmented by Europe cargoes, market sources said.
Big brands maintain lead
September 2016
CMAI’s Apparel Index for Q1 April-June FY 2016-17 indicates the industry has managed better growth with overall Index Value at 5.45 points compared to previous quarter (Q4) where the overall Index Value was 3.79 points. Giant and large brands, like always have maintained their growth trajectory which is still much higher than small and mid brands. In fact, growth this quarter for giant and large brands is higher than last quarter but lower than the same quarter previous year.
Cotton futures scale 2014 peak
August 2016
According to a NASDAQ Report, cotton for December delivery rose 2.1 per cent to end at 75.83 cents a pound on the ICE Futures U.S. exchange, the highest since June 24, 2014. Cotton has been a star performer this year among commodities.
GST to boost textile exports: ITF
August 2016
Textile industry in the region today welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.
Big brands maintain lead
June 2016
CMAI’s Apparel Index for January-March 2016 (Q4) indicates that the industry managed to clock in a moderate growth with an overall Index value of 3.79 points. Giant brands (with a turnover of above Rs 300 crore) and large Brands (with a turnover of above Rs 100 crore to Rs 300 crore) however, maintained their growth trajectory, even though their pace slowed down as compared to previous quarters.
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