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North India cotton yarn prices range-bound in final days of year 2024

North India’s cotton yarn prices showed stability with limited trade due to slow demand and holiday season.
Prices in Ludhiana and Delhi remained steady, but price disparity and heavy cotton imports remain concerns.
Panipat’s recycled yarn market also saw slow buying.
Cotton arrivals in the region slowed below 20,000 bales, and prices remained range-bound despite government procurement.Read More

26.12.2024Comments Off,
Sinopec completes China’s largest petrochemical industrial base

Sinopec’s Zhenhai Refinery completed its second-phase expansion, boosting capacity to 40 million tons annually and advancing the Zhejiang Ningbo Petrochemical Base to 50 million tons, solidifying its role as China’s largest petrochemical hub.
With a $5.82 billion investment, the project adds 18 units, enhances high-end material production, and achieves innovations in efficiency and sustainability.Read More

26.12.2024Comments Off,
Only 18% of Asia Pacific net zero targets verified by SBTi: report

Asia Pacific companies setting net zero targets are showing mixed results for the region’s sustainability efforts, revealed the Sustainability Counts III report by PwC Singapore and NUS CGS.
While 53 per cent of companies set net zero targets, only 18 per cent have SBTi verification.
Scope 3 emissions disclosure rose to 63 per cent, and 62 per cent addressed nature and biodiversity.Read More

26.12.2024Comments Off,
Chinese investor to set up garment, fabric factories in Kampot

Chinese investor plans to set up textile and garment factories in Kampot, creating over 25,000 jobs.
The project will occur in two phases: a garment factory in the first phase, followed by a fabric manufacturing plant in the second.
Cambodia’s FDI inflows surged to $8.1 billion between September 2023 and 2024, with major investors from China, South Korea, and others.Read More

26.12.2024Comments Off,