MARKET & ECONOMY​

The picture that appears at the end of the top row on Page 76 of ITJ September 2015 issue is that of B B Bharti, Joint Textile Commissioner. It has been erroneously named as Sundara Moorthy of BDB India. The inadvertent error is regretted.

Asia’s premier fair for the home textiles industry concluded recently, with new records set for exhibitor, visitor and exhibition space figures. Over 43,000 trade buyers (2014: 43,189) attended Intertextile Shanghai Home Textiles – Autumn Edition 2015, which was held for the first time at the National Exhibition and Convention Center (Shanghai) across 170,520 sqm (2014: 150,400).

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´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.