Program Cultivates Local Technical Talent

Program Cultivates Local Technical Talent

Textile companies are finding it is increasingly costly to send technician from their headquarters to multiple countries around the world to solve production problems. However, the developing countries where most of today’s textiles and apparel is produced are desperately in need of more skilled technicians. Ideally, companies would like to hire local talent rather than recruiting from overseas, people who are comfortable working and living in the country – and will want to stay and grow with...
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Invista Sells Apparel & Advanced Textiles Business to Shandong Ruiyi

INVISTA, one of the world’s largest integrated producers of chemical intermediates, polymers and fibers, has agreed to sell its Apparel & Advanced Textiles business to Chinese textile giant, Shandong Ruyi. The deal is expected to be closed by mid-2018, the purchase price is undisclosed, according to INVISTA. The transaction includes:INVISTA’s portfolio of apparel-focused fibers and brands including LYCRA fiber, LYCRA HyFit fiber, COOLMAX fiber, THERMOLITE fiber and insulatio...
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India's New Cotton Policy Pushes Prices Higher

News of the Indian government’s plan to keep more of the country’s cotton in country for domestic use shot prices higher on Monday and the market was able to hold about half of that 250 plus point leap all week.  The news sent Indian prices higher and positioned the U.S. as the most competitive crop available on the world market, both ideas that sent the cotton bulls to the Board on a buying spree.  Open interest moved higher for the first time in several weeks and talk of ...
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Cotton Settles at a Two-Month Low

Cotton prices were on their heels all week defending the 67 cent area and settled the week at 66.88 cents.  This was the lowest settlement since August 16.  Merchants continued their attempts of forcing carry in the futures market and have all but succeeded.  The nearby March futures contract is only 11 points below the spot December.  The export sales report appeared to be distorted. With harvest lows now being established at mid October, the door has opened for a challenge ...
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Cotton Pushes Price Ceiling Up to 72 cts

After finding the USDA October supply demand repot initially bearish, cotton prices rebounded on the idea of stronger demand and significant questions with respect to the size of both the U.S. and foreign crops.  Indian prices were very strong and seller offering was scant.  Once that realization soaked in the market was left with little to do other than ease higher.  As was discussed in prior weeks improved demand has been expected and the U.S. crop was thought to be lower, as wa...
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Cotton: 65-70 cts Trading Range to Continue

Cotton prices were momentarily excited this week as initial projections had tropical storm Nate headed for the heart of the big Georgia crop as well as the central/southern portion the Alabama crop.  Once that changed the market fell back to protecting its 68 cent base building efforts.  Yet, threats of a drop to the 67 cent level cannot be discounted as the five cent, 65-70 cent range will continue be worked.  As stated last week the price bias remains lower, down to the 65 cent ...
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Cotton Prices Hold at 69 cts

Cotton prices kept their grip on 69 cents, basis December during the week, but short term signals and long term fundamentals continue to favor the market testing its 65 cent price support.  While the market does have a few bullish factors on its side, the realization of a 119-121 million bale crop is expected to keep the bull fighting for every point it can muster.  The October contract moved to first notice today without any fanfare.  The potential for a price squeeze held the on...
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Hurricane Fails to Drive Up Cotton Prices

This is a tough one.  While losing some 700 points from the hurricane driven high, December futures are still hovering near 69 cents and attempting to dig in its heels.  Its efforts will prove fruitless I predict.   The real work will have to the done once the market tests its long term price support at 65 cents.  Further down is the excellent support at 62 cents.  How dare I speak of prices in the low 60’s?  Okay, let talk about the high 50’s then....
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China’s Cotton Subsidy

In October Beijing approved the 2016 Xinjiang Cotton Growing Subsidy Plan Reform Scheme  (2016年新疆维吾尔自治区棉花目标价格改革试点工作实施方案 ). For the current crop year, the target cotton price is ¥ 18,600 (US$2,689), the same as the previous year. However, this year the Xinjiang government will establish a cotton grower dishonest list (棉花生产者补贴失信名单制度). Growers who defraud the cotton subsidy will be added to the list and won’t receive the cotton-growing subsidy the next crop year.
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Outlook 2017: Cotton Balances Supply and Demand

Last season (2015/2016) total world cotton stock declined by 3 million tons. In the beginning of the current season (2016/2017), which started August 1, 2016, the opening stock of world cotton was around 19 million tons, about 80 percent of the world’s total annual mill use. Most of the world’s cotton stock (about 11 million tons) is held by the Chinese government.Worldwide production this season was 22.4 million tons, 1 million tons more than last season, according to estimates by t...
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