Cotton Stabilises, Polyester Dips
Globally, cotton prices fell towards the end of 2015 but started stabilising as the New Year progressed. But the polyester prices kept on falling following the slump in the petrochemical prices.
Cotton arrivals slow down
The Cotton Association of India (CAI) has released its December estimate of the cotton crop for the 2015-16 season, which began on 1st October 2015. The CAI has placed its December estimate of the cotton crop for the 2015-16 season at 357.00 lakh bales of 170 kg each.
Apparel maintains growth tempo
CMAI’s Apparel Index for the Second Quarter (July-Sept 2015) once again confirms that the industry has maintained its growth tempo with overall index value at 6.68 points. Giant and large brands have continued their growth story much like the previous quarters and stayed ahead of the curve. They have done better with higher sales turnover and lower inventory holding.
Maharashtra targets to buy 100 lakh qtls of cotton
The Mumbai-based Maharashtra State Co-Operative Cotton Growers Marketing Federation said it is ready to procure up to 100 lakh quintals of cotton as against the 27 lakh quintals it had purchased last season. About 370 lakh quintals of cotton yield is expected
Bumper cotton crop may pose more problems
Another bumper crop of cotton is in offing and tremors are felt already on the price front. The Cotton Corporation of India (CCI) is getting ready for yet another year of minimum support price (MSP) operations.
PP prices dip
European polypropylene (PP) prices are going down by at least the €80/tonne propylene monomer contract drop for August. Supply has eased from its former extreme tightness
Asia PTA facing pressure in 2016
Asia´s purified terephthalic acid (PTA) industry is expected to come under increasing pressure in 2016 as India adds 2.3 mt to its production capacity in the first half of 2016, industry sources said.
Recycled PET on the decline
Recycled polyethylene terephthalate (R-PET) prices in Asia fell to a record low and may continue trending down with importers in China opting to stay out of the market amid domestic economic weakness.
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