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In Punjab, ginning factories got 8.35 million bales, down 13% and in Sindh, the ginning units received 3.24 million bales, up 35%. PHOTO: FILE
ISLAMABAD: Cotton farmers have so far supplied 11.5 million bales to ginning factories in the current season, which is 3.4% less than the same period of last year, indicating a slowdown in arrival of cotton in the market.
According to a fortnightly report on cotton production issued by the Pakistan Cotton Ginners Association (PCGA), ginning factori
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The domestic cotton production data released by the Pakistan Cotton Ginners Association (PCGA) here on Thursday shows that the country has reaped less cotton by now this season, as compared to last year. As per the statistics, ginners received around 11,586,730 bales of seed cotton (phutti) by January 1, which is 3.7 percent or 445,440 bales less than the cotton arrived by same time last season.
Of the new arrival, textile mills have procured around 9,735,806 bales of cotton till January 1, whi
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BangladeshBank (BB) extended the time limit by one month for textile millers to submit applications seeking cash incentive.
The central bank in a directive issued Wednesday said the owners of the textile mills would be allowed to submit applications for cash incentive in 30 days from the "issuing date of this circular".
Responding to a request of Bangladesh Textile Mills Association (BTMA), BB on November 2, 2011, announced that all spinning, weaving, dyeing and finishing sections of texti
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Item
WidthCM
Specification/Weight(meter)
Wholesale Price: yuan/meter
Wool/polyester woolen cloth
150
600
26.50
T/C80/20 machine Dyed Plain fabric
150
45S×45S 110×76
6.40
Polyester golden-thread slubbed window screen
280
300
11.30
Nylon/polyester double wale dyed window screen
280
nylonpolyester30D×20D/35tatting
4.00
Full-size polyester clipping printed curtain fabric
280
600
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Photo document of textiles industries. (ANTARA/Rosa Panggabean)
The director of the Industry Ministry`s Textiles and Miscellaneous Industries, Ramon Bangun, said textiles and their product variants (TPT) will face two obstacles in 2013 that will hamper the development of the industry.
"One of the obstacles is an increase in electricity prices by 15 percent. Another obstacle is the Financial Regulation No. 253/2011, which looks into the repayment of import tariffs," said Ramon on Wednesday.
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The US Congress might discuss the provisions of the Save Our Industries Act (SAVE Act) this week, a Department of Trade and Industry official said Wednesday.
"Unfortunately, SAVE Act was not tackled in December because the US Congress was very much concerned with their fiscal cliff situation. So there was no trade bill discussed...[W]e are hoping that this week, proposals in the garments bill will be tackled along with other multi-lateral trade bill proposals," Trade Undersecretary Cristino Pan
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Ethylene markets in Asia were quite as most Western and European markets were on holidays. In US steam cracker margins climbed on higher spot prices and chemical plant outages. Paraxylene contract price for January was to be settled late week end, though players expect it to be at US$1,600 a ton or above. In Europe, activity in the paraxylene spot market remained subdued while spot price inched up over the week. In US, spot paraxylene was lower as feedstock mixed xylenes fell similarly. Mono eth
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Benzene prices in Asia hit all-time high on tight spot supply as market continued to be bullish. Thus, 2012 ended with benzene prices jumping 35-40% across markets. In Asia, they were up 38% clocking high and lows of US$1,000 a ton and US$1,480 a ton respectively. They first began to firm in mid-August when a spate of scheduled and unplanned shutdowns in China resulted in a large supply deficit. In Europe, benzene was dearer by 36% during the year while US market saw benzene price go up 39%.
C
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Propylene was the driving factor to the operating rates in the downstream facilities in Asian markets this week. Many market participants feel that propylene is going to be limited, and it will not be surprising that the new plants will not going to be able to run at 100%. In US, propylene spot prices jumped after news of plant outage and traded higher on Wednesday amid news of an unplanned outage at a plant in Texas.
Acrylonitrile markets rolled over as downstream lagged behind with growing s