Two years ago, high cotton price caused textile companies great distress; one year ago, the continuously falling cotton price caught textile companies quite off guard; this year, a price difference of as much as RMB 5,000 Yuan/ton between domestic and foreign cotton once again puts those companies in front of a life-and-death test. The vicissitude of the textile industry is always linked with cotton price. Why do textile companies always get hurt when cotton price fluctuates? According t

A Gardena garment contractor has agreed to compensate its employees for back wages after the company failed to pay overtime and gave its employees cash under the table, the federal Department of Labor announced Tuesday. Final Touch Laundries Inc. will pay $103,904 in back wages to 64 employees after missing payroll for several weeks. An investigation found that instead of paying time-and-a-half for hours worked beyond the standard 40-hour week, the company paid employees only “straight-tim

A simple colour block dress with a scruffy plait sounds like a style struggle to pull off. But fashion queen bee Victoria Beckham unsurprisingly executed the look with perfection. The mother-of-four showed off her tiny waist in an elegant tangerine frock this evening, that created the illusion of curves with delicate and subtle criss-cross seams. Tangerine dream: Victoria Beckham looks striking in orange as heads to Vogue's Fashion Night Out in NYC Victoria tweeted a picture of a street

They have been dating for two years now, so perhaps it's little surprise Rooney Mara's and her boyfriend are beginning to resemble one another with their wardrobe choices. The couple was seen today in New York City, walking in sync as they snuggled up on their stroll in matching outfits. But the 27-year-old actress was barely recognisable as the pair took to the streets of Manhattan. Going strong: Rooney Mara and boyfriend Charlie McDowell took an afternoon stroll in Manhattan on Thursday

The oft-repeated theory, given the crush of people at coffee shops and malls during the week, is that residents of Los Angeles aren’t necessarily slaves to their careers. Obviously this is an unfair judgment—a multibillion-dollar Hollywood franchise doesn’t film itself—yet there’s no denying the city has its own twist on what’s appropriate to wear on the job. Power suits and pumps are just too severe for the Southern California sun. Max and Lubov Azria have always had a keen ability to tap into

World cotton mill use increased from 18.6 million tons in 1998-99 to 26.7 million in 2007-08 but since then, it is getting lower and this season it has been forecast at 23.2 million tons, the International Cotton Advisory Committee revealed in a statement on Wednesday. The mill use in 2011-12 is estimated at 22.7 million tons, it said. According to ICAC, the policy by the government of China to maintain a minimum support price of approximately $1.40 per pound for farmers and enforcing the mi

The crude oil and the polyester feedstock paraxylene markets were still strong despite weak economic outlook, but there may be very slight weakening in chip prices. However, decision would tradeoff whether or not consumer demand is strong enough to absorb another hike in price from polyester supply chain. And this does not appear to be the case. It might be some weeks into September before a clearer trend emerges. MEG September contract nominations were heard at US$1,130-1,150 a ton, about U

Upstream in the US May see a marginal drop in ethylene prices in September despite the rise in the energy complex. This may have cascading effect on downstream polyester intermediates like PTA and MEG numbers. The possibility of PTA prices trending down in September as well as October through November is relatively high. Similarly, MEG markets may also undergo downwards correction. In US, polyester chip a leading polyester chip producer has indicated that a further US cents 4 will be sought fo

Benzene prices will be supported by the tight supply in China due to scheduled maintenance and low operating rates at plants. However, since prices were already up in August, September may see a nominal rise. Caprolactum markets in Asia will remain strong with firm feedstock support and modest demand. Downstream, nylon chip sales although continue to remain thin, but the overall low inventory may keep prices firm. Source: YnFx Price Forecast Report

The September US benzene contract price was settled US cents 40 down at US cents 420 a gallon in line with market expectations. However, US spot was assessed down in the last week of August. Europe benzene prices may go up on firm prompt supply and good styrene demand and on support of low August numbers. European caprolactum contract although remained inconclusive September will see inching up on benzene market support. In US, caprolactum prices are likely to down up given the fall in benzene