Explore ideas, evidence and developments across the textile value chain.
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Pricesfree17 Sept 2018Cotton US futures were lower as Hurricane Florence targeted Carolina’s coast. It lost force and was named a Category 2 storm as it approached land. The wind and precipitation were still big enough to significantly damage affected states, mostly from Southeast Virginia to South Carolina. Cotton speculators sold due to the weaker winds seen in the storm. The USDA’s WASDE report increased production estimates on an increased area as yields were lower contrary to cotton players’ expectation of a slight decrease in production. It also increased exports and forecast only a slight increase in ending stocks despite the increased production
Pricesfree17 Sept 2018Polyester staple fibre prices moved down in China this week as upstream costs retreated from a multi-year high. Nevertheless, polyester margins have narrowed, while sales have slowed, resulting in reduction in operating rates of polyester facilities in key China markets
Polyester filament yarn prices declined sharply due to weak feedstock sentiments. This prompted downstream mills to stay on sideline or buy hand to mouth volume expecting prices to lower given the fall in PTA and MEG cost
Pricesfree17 Sept 2018Mono ethylene glycol prices slumped by nearly 7% this week in Asian markets after three consecutive weeks of gains, as downstream polyester sales slowed down, amid the US-China trade spat. Buying appetite was tapered as H1 September obligations were largely completed
Insightfree17 Sept 2018The World Agricultural Supply and Demand Estimates (WASDE) report of September 2018, has estimated US cotton production, exports and ending stocks will be larger in 2018-19 relative to its numbers in August
Insight14 Sept 2018Artificial intelligence (AI) was a phrase first coined back in 1956 by John McCarthy, but not until the last five years has the technology began to live up to its disruptive credentials and become a part of everyday life for people living in more developed economies
Insightfree14 Sept 2018It is now clear that the US has initiated the era of disruptive trade policies by activating withdrawal from the original Trans Pacific Partnership (TPP) agreement and by its ongoing efforts to rework and modify the NAFTA agreement with Mexico and Canada
Insightfree13 Sept 2018Graphene is a much-discussed material across industries, and the textile sector is no exception. It is not only the strongest material ever tested, but it also conducts heat and electricity efficiently, and is nearly transparent
Insightfree13 Sept 2018THE European Chemicals Agency (ECHA) is preparing to consult on adding perfluorobutanesulfonic acid (PFBS) to its list of chemicals of very serious concern and hence potentially subject to special authorisation under the EU’s REACH chemical control system.