Explore ideas, evidence and developments across the textile value chain.
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Insight30 May 2018Advancements in nanomaterials have had a big role to play in the growth of the smart textiles market, which will be worth over US$5bn in 2022, according to Allied Market Research
Austrian nonwoven machinery leader Andritz has supplied one of its crosslapped spunlace aXcess lines to Hangzhou Xiaoshan Phoenix Textile Co., Ltd, with the machine now reaching full capacity.
Insight30 May 2018On 28 May, European Commission vice presidents Frans Timmermans and Jyrki Katainen unveiled a proposal to clampdown on single-use plastics across the European Union (EU)
A new report has revealed that 50% of current work activities could be automated by adopting existing technology and six out of 10 current occupations could have 30% of their activities automated
Prices29 May 2018Last week, US Treasury Secretary Steve Mnuchin stated that the Trump Administration has suspended its plan to impose as much as US$150bn in tariffs on Chinese goods. In a TV interview on 20 May he noted that the US was “putting the trade war on hold.” Earlier, China had responded to the tariff threat with a plan to impose 25% import duties on 106 US products, including cotton and other textile chemicals. Neither side imposed those tariffs, but the threat was enough to prompt some changes in trade flows amid concerns surrounding the acceptance of US EDC into China. But that could now be easing going forward. US cotton futures rallied further by another 3.1% in the fourth week of May, climbing almost more than 5% in the last two weeks. Global spot benchmark the Cotlook A Index also gained 1.8% on the week to US cents 94.95 per pound, after rallying US cents 0.55 at the weekend. In China, all cotton offered at the auction of state reserves was sold, totaling 150,011 million tons. Meanwhile, volatile cotton futures in the Zhengzhou Commodity Exchange led to insipid trading in the cotton spot market, with players mostly eyeing state-reserved or resold materials during the week.
