India's cotton production is projected to grow by two percent to 5.9 million tons while production in China could reach 4.8 million tons in 2017/18 as area expands by three percent to 3 million hectares after five seasons of contraction. After declining by three percent to 5.1 million tons in 2016/17 due to high domestic and international cotton prices, India's mill use is projected to recover by one per cent to 5.2 million tons in 2017/18. India's exports are projected to decline by 23 percent
Increasing demand for better grades of lint remained in focus fetched premium price for shrinking stocks of better grades amid firm physical prices. At cotton trading session, it was noticed that both sellers and buyers remained entangled in price war. However, volumes traded were moderate.
In the domestic market around 200 bales of Sanghar changed hands at Rs 6,675 per maund, 100 bales of Hyderabad at Rs 6,375 per maund and 100 bales of Southern Punjab changed hands at Rs 6,625 per maund.
The demand for Paraxylene in the global paraxylene market is being attributed to the growing global trends of polyester. This growth can be attributed to the growing demand for textile applications and the rising need for polyethylene terephthalate (PET) in Asia Pacific.
Paraxylene is employed as feedstock for manufacturing dimethyl terephthalate (DMT), notably purified terephthalic acid (PTA), and industrial chemicals. DMT and PTA are further used in the production of polyethylene terephthal
