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News26 Sept 2013The Schneider Group reports that, while price sentiment remains very firm, the scope for further increases in export quotations for many types of speciality fibre is currently limited, pending confirmation of mills’ ability to absorb the very elevated price levels.
After a substantial recovery in 2009-2011, industry in Europe has slid downward again. Preliminary data for 2012 indicates that the contribution of manufacturing to EU GDP has fallen further to 15.1%, increasing the distance to the indicative 20% target set forth by the Commission in 2012.
Insight26 Sept 2013While prices for many other fibres in China have just about held their ground during the past couple of months, viscose staple fibre (VSF) values have remained in decline. Moreover, hopes of a seasonal upturn in trading and an associated boost to prices have thus far been thwarted, as they were last year.
News26 Sept 2013A combination of continued small weekly offerings and a solid demand for good quality long top-making fleeces from China and Europe contributed to a rebound in prices this week. The Cape Wools Merino Indicator rose by 2.5% from last week, to R112.41 per kilo, clean.
News26 Sept 2013A selective buying interest influenced mixed trading at this week’s South Island sale. Demand was focused on broader wools, prices for which rose. However, business at the fine end of the selection was slack. Wool Services International’s Coarse Crossbred Indicator rose modestly to 517 NZ cents per kilo, clean. However, the company’s Mid-Micron Indicator was 4.7% down from the previous South Island sale, a fortnight earlier.
News26 Sept 2013Reports from Australian exporters regarding business this week were couched in fairly positive terms. Despite offers into China increasing by a not inconsiderable margin, buying support for mid-micron wools was well maintained. Sales of Type 55 (21 micron) were reported at around US$11.40 per kilo, greasy, CIF (90 days credit), a level in line with replacement costs at origin, compared with just over US$11.00 per kilo a week earlier. Offers by the close of business today were pitched at closer to US$11.55.
Technical25 Sept 2013A team of scientists the UK’s National Physical Laboratory have developed a process to identify specific blends of fabric using electromagnetic waves. Charlotte Rogers speaks to project leader John Molloy about the potential of this technology to combat textile counterfeiting.
News25 Sept 2013Rains in the key growing state of Gujarat, where the popular Shankar-6 variety is grown, has influenced a firmer trend in Indian spot rates. The wet spell has aroused fears that the harvest in that region may be somewhat delayed and, with some bolls already open, that the quality characteristics of a portion of the crop may be affected. However, WTiN sources indicate that the impact of the rains, which continued today in Saurashtra, should be fairly limited.
News25 Sept 2013Signe Rand Ebbesen has won the annual Woolmark Texprint Award for her innovative textile designs. The prize was judged by John Walsh, managing director of Abraham Moon & Sons; Daliah Simble, head of sourcing & production, and Estelle Williams, collection development manager, at Roland Mouret.
News25 Sept 2013WTiN sources returning from visiting mills in the Faisalabad region of Pakistan report a mixed business picture. Those spinning 30s and higher counts for sale to the domestic textile industry are generally faring well. The volume of business has been fairly well maintained of late. The home textiles sector in particular has been a good source of offtake. Exporters of those products have benefited from weakness in the rupee and have been eager to cover raw material requirements locally, having sold in US dollars.