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US’ Universal Fibers strengthens investment in Nylon 6,6 capabilities

Universal Fibers invests in new spinning capacity for Nylon 6,6 yarns to support customers after Ascend exits the BCF fibre market.
Focused on innovation, sustainability, and quality, the company expands its product lineup to meet evolving demands.
CEO Marc Ammen highlights their commitment to customer satisfaction, growth, and providing reliable, high-performing solutions.Read More

20.12.2024Comments Off,
Textile leaders gather at VIATT 2025 amidst Vietnam’s booming market

Vietnam’s textile exports are set to reach $44 billion in 2024.
VIATT 2025, from Feb 26–28 at SECC, will feature 15,000 sqm of exhibitions, emphasising sustainability and innovation.
Key pavilions include exhibitors from Europe and Asia, showcasing fabrics, textiles, and advanced tech.
Organised by Messe Frankfurt and VIETRADE, VIATT is vital for ASEAN textile sourcing.Read More

20.12.2024Comments Off,
Bank of England keeps main interest rate unchanged at 4.75%

The Bank of England’s monetary policy committee (MPC) yesterday kept its main interest rate unchanged at 4.75 per cent, with data indicating 12-month CPI inflation rising to 2.6 per cent in November from 1.7 per cent in September.
The economy has now contracted for two months in a row.
Headline CPI inflation is expected to continue to rise slightly in the near term, the central bank said.Read More

20.12.2024Comments Off,
ICE cotton marks longest decline in months, strong dollar drives slide

ICE cotton experienced its longest losing streak in months, with the March 2025 contract settling at 67.91 cents per pound, down by 0.17 cents.
The dollar index reached a two-year high, impacting commodity prices due to a stronger dollar making cotton more expensive for foreign buyers.
Trading volumes decreased slightly, and despite a weekly increase, US cotton exports fell below 4-week average.Read More

20.12.2024Comments Off,
OPCW addresses chemical weapons concerns in Syria

The OPCW held an extraordinary meeting to address Syria’s incomplete declaration and ongoing use of chemical weapons.
Director General Arias emphasised eliminating Syria’s chemical weapons programme and ensuring accountability for violations.
Despite 11 years of effort, significant gaps remain.
Plans include deploying experts to Syria when the security situation permits.Read More

20.12.2024Comments Off,
Drewry WCI up 8% amid strike fears & Trump policy expectations

Drewry WCI rose7.76 per cent to $3,803 per FEU on December 19, spurred by potential ILA strike and anticipated rate hikes under Trump.
Despite this, it remains 63 per cent below its 2021 peak but 168 per cent above 2019 average.
Freight rates on key routes varied, with increases on the Shanghai to US lanes and decreases to Europe, as the market braces for more hikes due to geopolitical factors.Read More

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