Page 27 - Acrylic News Today : Breaking News, Live Updates & Top Stories | Vimarsana

- On Monday, Finance Minister Nirmala Sitharaman of India says in her budget speech in parliament that India will impose 10% duty on cotton import to help farmers. A levy on overseas purchases will potentially support local prices amid higher domestic production and prevent distress sales by the growers. There is no duty on cotton imports until now. After our analysis, this move is mostly to digest its domestic cotton inventory, improve Indian cotton prices and reduce the loss of CCI via cotton auction. In addition, cotton imports of India have decreased apparently. In short, this move may ha...

- On January 28, 2021, the Ministry of Trade of Turkey issued notice No. 2021/3 on synthetic filament fabrics (Turkish: sentetik filament iplikten dokunmu) originating in China, Malaysia, South Korea, Thailand and Taiwan, China. It made the affirmative final decision of the third anti-dumping sunset review and decided to maintain the anti-dumping duties on the products involved in the above-mentioned countries and regions. The anti-dumping duties on CIF (CIF) are as follows: 42.44% anti-dumping duty on Chinese products whose unit weight is more than 110g/sqm, and 21.13% anti-dumping duty on C...

Guangdong has ranked 13th in the world by GDP if taken as an economic body, a position which surpasses that of Australia, the Securities Times said in its ...

- VSF export of China was largely flat with that of 2019, while the import showed a trend of sharp decline. Among them, there was notable growth of demand from Pakistan that had become China's largest destination, while the export to Turkey and Indonesia declined sharply. On a monthly basis, there was a temporarily low ebb of imports in April and July, while exports fluctuated greatly. Among them, export rush occurred in March and the export volume during April-June was much lower than the same period of past years due to the COVID-19 outbreak abroad, but it started to rebound sharply since ...

- According to the China customs, in Dec 2020, China's uncombed polyester staple fiber exports were 76,900 tons, a year-on-year decrease of 1.6%, and a month-on-month fall of 13%, and imports were 14,700 tons, a year-on-year decrease of 21.2% and a fall of 19.6% from Nov. In 2020, imports totaled 185.5kt, a fall of 32.4kt year on year, and exports totaled 795.7kt, down 182.7kt year on year. Exports reached a low in May, continued to rise from Jul to Sep, and maintained above 70kt in Oct and Dec. In Nov, exports increased further, showing the hot demand from overseas markets. Currently, plants...