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News4 Sept 2013Although the Cotlook A Index and the price of polyester in China were essentially equal during most of the 2000s, these price indices diverged in 2009/10, and it appears that 2013/14 will be the fifth consecutive season in which cotton prices will be substantially above polyester prices in China.
Mondi, an international packaging and paper group with production operations across 30 countries and revenues of €5.8 billion in 2012, has developed FIBROMER, a natural fibre composite that offers superior mechanical performance with significant weight reduction.
Most traders were mindful this week of the potential for a pause or even a faltering in the recent sharp (and somewhat unexpected) upward trend in auction prices. While many were keen to offer from stock positions, few were willing to extend those long holdings. Whether the pace of trading can be maintained remains questionable – how much pent-up demand remains in China after a prolonged quiet spell of trading is difficult to judge and mills and processors may begin to baulk at paying the significantly higher prices now quoted.
News4 Sept 2013Australian wool exporters continued to encounter a fairly brisk demand from Chinese buyers during the past few days for a broad range of qualities, with a modest enquiry also forthcoming from Europe for fine micron styles. Asking rates for Type 55 into China continued to rise sharply. Quotations today were pitched at around US$11.10 per kilo and higher, greasy, CIF (90 days Letter of Credit), compared with less than US$10.00 per kilo just two weeks earlier. Despite the rise, current offering levels remain below replacement costs on the auction floor. That relationship rendered many merchants eager to maintain modest long positions, through regular purchasing at auction.
Technical3 Sept 2013Knitters of cotton circular knitted fabrics are faced with increasing global competition and ever increasing demands for better quality and reliability. One of the key demands is for fabrics and garments with consistently low levels of potential shrinkage.
News3 Sept 2013The Indonesian Textile Association (API - or Asosiasi Pertekstilan Indonesia) has told WTiN that it expects the proposed Comprehensive Economic Partnership Agreement (CEPA) between Indonesia and the European Union (EU) would significantly grow its industry’s European exports.