SAI Enterprises

SAI Enterprises We are working yarn commission agents in Tamil Nadu & Andhra spinning mills .

17/12/2013

China will raise the benchmark for calculating the sliding scale tax on non-quota cotton imports from January 1, said the finance ministry on Monday.
Beijing allows 894,000 tonnes of cotton imports at a duty of 1 percent under commitments to the World Trade Organisation. It also typically allows for several thousand tonnes of imported fibre at a sliding tariff rate of between 5 and 40 percent.

For cotton valued at or higher than 15,000 yuan ($2,500) per tonne, a fixed duty of 570 yuan per tonne will be applied. This benchmark was set at 14,000 yuan per tonne in 2013.

For fibre valued at less than 15,000 yuan per tonne, the duties will be calculated according to a sliding scale formula issued by the ministry and slightly adjusted from last year.

14/12/2013

NEW YORK, Dec 13 (Reuters) - ICE cotton rose to seven-week highs on Friday, the biggest weekly gain in four months, as traders interpreted news of changes to China's import policy as a bullish sign for demand for fiber grown by the world's No. 1 exporter.

Traders digested a report overnight that authorities in China, the world's No. 1 textile market, cut its benchmark price for cotton imports next year, fueling hopes that the government will continue to issue import permits to mills.

Some traders had worried Beijing may curb its import quota next year as it starts to sell some of its huge stockpile of fiber. The state reserve started hoarding the material three years ago in a bid to help the country's farmers.

The move has boosted prices, hurting textile mills' margins.

While the new price will raise the cost of buying foreign cotton for mills, it was enough to allay concerns that the reserve sales would limit import demand.

"It makes it a little more expensive for importers, but does this mean China will come up with a sliding-scale quota?" said Peter Egli, director of risk management for British-based merchant Plexus Cotton Ltd, said.

"This gives people hope there will be more quotas."

10/12/2013

Cotton prices remained unchanged with normal buying by domestic mills. Moreover, the market was supported by emergence of export demand.

Traders said that the market will trade in current range as farmers are not willing to sell at current prices.

Gujarat Sankar-6 cotton quoted at Rs 39,000-39,100 for a candy of 356 kg.

Kapas or raw cotton traded at Rs 930-970 a maund of 20 kg.

Mill delivery was Rs 960-980 . About 65,000 bales (of 170 kg) cotton arrived in Gujarat and 1.76 lakh bales arrived in India.

A broker said that demand for the fibre was normal from domestic mills and exporters� buying was also in limited quantity.

Cotton prices may remain steady at this level during this week as there is not any huge demand.

According to cotton brokers, farmers are not willing to sell kapas below Rs 1,000 and as a result arrival of cotton is lower than last year.

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Against the daily arrival of 210,000-225,000 bales last year same month, this time it was 160,000-170,000. In Gujarat, the largest cotton-producing State, those were 55,000-60,000 bales, against 85,000-90,000 a year ago

09/12/2013

We are looking following grey fabric...

01) 30 x 30 / 72 x 68 / 120"
02) 30 x 20 / 72 x 48 / 120"
03) 16 x 16 / 120"

09/12/2013

We can able to supply OE 6s & 10s Grey and color cones any one need contact us

09/12/2013

we are doing 40's carded for domestic and exports call 8144040345 we will give best price.

09/12/2013

Polyester chips market in Asia saw prices on the downtrend this week as raw materials settled at low level, and chip trading was thin. Although MEG prices surged once due to unit shutdown of Jubail unit, weakness in raw materials could be hardly reversed. Offers for semi-dull chip prices were revised lower. Super bright chip markets mirrored the trend in semi-dull chip market this week.

09/12/2013

As raw material prices rose marginally this week, polyester filament yarn markets saw some support since downstream demand was still modest and no signs of it picking up soon. In China, sales in Jiangsu and Zhejiang picked up and numbers at producers offered higher price promotion. In Jiangsu, producers lowered its offers for POYs and DTYs to promote sales.

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