Textile Cotton Fabric Exporter

24 December 2008 - Vietnam's clothing exports to the US and EU markets continued surging this year, whatever the slowdown in global apparel trade. Orders from both markets would now decline, however, according to domestic exporters as Vietnam is progressively affected by the global economic crisis. The country is confronted with a relatively higher inflation in addition, and a deteriorating social climate, consecutively.

23 December 2008 - With intermediate prices more evidently rising, the polyester industry tries offering higher prices in China. Staple fibers were raised by 200 yuan per ton in the last days but fiber producers may be confronted with strongly resisting customers. Filament makers are already unable raising their prices although their costs seriously rose in the past two weeks.

23 December 2008 - Spun yarn export prices are falling again in India, especially for cotton and polyester-cotton yarns, according to statistical tables released by our India Correspondent. The business is becoming extremely difficult for exporters, with buyers now renegotiating orders to take advantage of lower prices. Government incentives are not offering enough support to the cotton textile industry, according to exporters.

23 December 2008 - Polyester prices continued declining in December in Pakistan, partly due to a simultaneous decrease in cotton prices. The price difference between polyester and cotton is being reduced, allowing a rise in PSF use in the country. Spun yarn prices were clearly down in the past weeks while filament yarns remained however unchanged.

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22 December 2008 - Polyester intermediate prices have now clearly bottomed out in Asia with rises of 5-10% observed in the past seven days. Paraxylene, PTA and MEG prices are obviously boosted by a lower production in Asia and by the absence of a new fall in crude oil futures in New York. Polyester producers try now raising their prices but could be confronted with a very weak demand from textile industry in China and elsewhere.

22 December 2008 - Cotton prices are still relatively stable on the international market, being last week supported by a sharp decline of the US dollar. Compared with other commodity markets, the cotton market remains relatively weak, however, reflecting a low level in demand from the textile industry. The Indian government cleared the way for further state-buying in the coming weeks as large quantities of cotton were already accumulated at much higher prices than on the international market.

19 December 2008 - Spun yarn prices were mostly stable over the last two weeks in China, after sharply falling in November. Viscose yarn prices are however declining in line with lower staple fiber prices. By contrast, a slight rise in polyester and cotton prices is offering some support to prices of related spun yarns.

19 December 2008 - U.S. Congress: Appropriations Bill: Funds for Monitoring Apparel Import Prices from China. - EU Commission: Agreement with Belarus. Amending GSP Regime of Cambodia, Laos and Nepal. GSP + List of Beneficiary Countries. - Hong Kong: China's Guidelines for Wholesale Textile and Apparel Trade. - U.S. Department of Agriculture: Changes in Chinese Customs Regulations. - U.S. Customs: Presidential Declaration related to AGOA. - U.S. CITA: Textile Limits under HOPE (Haiti). - Mexico: Actions after elimination of compensatory textile tariffs on imports from China.

19 December 2008 - Wool prices finished the year on a weak tone with prices significantly increasing in US$ terms while falling in A$ terms and plunging in euro terms. This is the result of dramatic changes on the foreign exchange market and clearly not favoring wool sales. Operations will now resume next year after a 3-week recess.

18 December 2008 - PTA and MEG prices continued rising in the last three days in Asia, being supported by lower production and last week's rally in crude oil futures. Polyester fiber producers are raising their prices in China but they continue being confronted with increasingly stronger resistance from the textile industry, as a large number of plants are being closed ahead of year's end.

18 December 2008 - The cotton market remained very firm since the start of the week thanks to the support of a falling US dollar. New York prices are now 10% above their lowest level this season. In largest textile producing countries, governments continues purchasing cotton in order to support prices. After China a few days ago, India could have to accelerate the procurement trend as prices are falling below minimum support level.

18 December 2008 - Spun yarn prices further fell in the past weeks in India, reflecting a very low level in demand. Spinners are confronted with strong difficulties, especially in Tamil Nadu. In addition to relatively high cotton prices, power shortages are putting pressure on the yarn industry. While viscose yarn production and prices are shrinking, polyester spun yarn prices are being supported by stronger demand by contrast, our India Correspondent reports.

18 December 2008 - Prices further fell on the Pakistan market for viscose fibers and spun yarns, our Correspondent reports. Demand declined to its lowest level, partly due to Eid holidays but also in line with the global slowdown in textile and clothing production. Blended polyester-viscose yarn prices are also on the decline, as reflected by our series of statistical tables.

17 December 2008 - Viscose prices again fell in the past two weeks in China, under pressure from lower demand. Raw material costs more resisted at the same time, as cotton prices slightly rose, offering some support to cotton linter and cotton pulp prices. Viscose makers will probably have to further reduce their production in order to stop the continuous decline in prices.

17 December 2008 - The spandex market continues falling in China. Spandex (elastane) prices further dropped in the last two weeks in the country, reflecting lower raw material costs. MDI and PTMEG prices are sharply declining in Asia, forcing spandex makers in lowering their prices. Demand remains very weak from the textile industry with operating rates slashed to 50% and expansion plans being now cancelled.

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16 December 2008 - Polyester staple fibers were slightly raised in the past days in China, reflecting higher raw material costs after PTA and MEG further increased in the last week. POY prices also rose at the same time but DTY and FDY remained unchanged, as a clear sign that demand will stay very weak from the textile industry until after lunar year holidays.

16 December 2008 - Pakistan textile and clothing exports started slowing down in October, according to latest available data. Woven clothing exports were down 19% as a clear sign the low-cost country is confronted with rising difficulties, like energy shortages, high inflation rate, an appreciating currency and larger borrowing costs. The textile and clothing capacities are being slashed in the country with a large number of plants being now shut down, our Pakistan correspondent reports.

16 December 2008 - US retail sales more sharply declined in November than in October, according to just released official data. Retailers limited the drop in revenues by aggressively discounting prices. As a clear sign that low prices no more protect from difficulties however, European retailer H&M announced a 4% fall in global November sales.

15 December 2008 - Polyester intermediate prices continued rising in the last seven days in Asia, being supported by a recent fall in production and by a rebound in crude oil and paraxylene prices in the last week. Demand from China's polyester industry is also improving, as fiber producers are accumulating stocks ahead of China's lunar year holidays. Polyester chip and PSF prices slightly rose over the last days in China. Demand from downward textile industry remains extremely weak, however.

15 December 2008 - Cotton prices last week rebounded after previously falling, as a clear sign that current stability may last until after year's end. The cotton market is extremely depressed by falling textile production in China, India and Pakistan while large quantities of lint and yarns are being accumulated at Asian plants. Prices may further fall when excess production will be available on the international market, at the start of next year.

15 December 2008 - Cotton yarn export prices further fell in the past weeks in Pakistan, in line with lower demand from the Far East and the European Union. A reduction in raw material costs is also behind the recent decline in market prices. At the same time, yarn producers are again confronted with power shortages, which are dramatically disturbing in the winter season. Eid holidays also contributed to the slowdown in yarn trading activity.

12 December 2008 - US apparel imports did not decline in October for the second consecutive month, latest official data are indicating. China is definitively back on the US market, ahead of the full elimination of textile quotas on January 1st. Imports from Bangladesh and Honduras are also surging while slowing down from Vietnam and still stagnating from India. Knit apparel imports are much stronger than woven apparel imports, as reflected by our series of statistical tables.

12 December 2008 - Wool prices slightly rose in US$ terms this week, as a clear sign that the Australian market probably reached a bottom. Demand remained very firm with only two sessions remaining before the Christmas recess. China still needs filling its quotas while Australian growers partly retain their wool until prices start recovering. Prices also rose in South Africa while being mixed in New Zealand.

12 December 2008 - E.U. Commission: Textile imports from China: end of double checking system. GSP-+ in 2009-2011. - Hong Kong-China: Allocation of US Textile Quotas. - U.S. CITA: Textile Quotas' Elimination : end of ELVIS. - U.S. ITA: New Trade Advisory Committee. Anti-Dumping duties on Korean

11 December 2008 - China's textile and apparel exports continued surprisingly rising in November by contrast with a decline in total China's exports for the first time in seven years. Although confronted with US and EU economic recessions and a fall in the euro and the sterling, Chinese exporters may now take advantage of higher rebate rates and the removal of US textile quotas as of January 1st. Beijing is obviously tempted to let the renminbi falling in addition, but could attract some severe retaliation from Washington, as a consequence.

11 December 2008 - Demand for polyester filament yarns suddenly rebounded in India as filament weavers are no more anticipating a new decline in filament prices which stayed relatively unchanged in the past weeks. By contrast, demand for polyester staple fibers remain depressed, in line with the low level in spun yarn production. PSF prices further fell as a result, our India Correspondent reports.

11 December 2008 -Polyester prices could slightly increase in the near term in China, in line with a very small rise in polyester intermediate prices. Any attempt to raise the fiber prices may however be confronted with a low level in demand from the textile industry. Polyester prices should however not further decline in the near term after crude oil prices rallied this week.

11 December 2008 - Cotton prices are currently experiencing a "volatile stability" with sudden increases and declines actually hiding a relatively unchanged averaged level. The stability could continue until early next year. Market fundamentals remain highly depressive, as confirmed by latest monthly report from the US Department of Agriculture (USDA).

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8 December 2008 - The polyester intermediate market ignored a new dramatic fall in crude oil prices in the past week. PTA and MEG prices even rose on spot markets in Asia, as a clear sign that drastic production cuts are now stabilizing the market. The polyester pipeline may have found a bottom after the sharp decrease experienced in the past two months.

8 December 2008 - Cotton prices failed in really rebounding as US futures dramatically dropped on Thursday and Friday. In addition to a general depression on world commodity markets, the sharp decline was triggered by lower demand for US cotton on the international market. Demand from China nearly disappeared as soon as prices rose in the last two weeks. Cotton prices were however rebounding on Monday, in line with other markets.

5 December 2008 - Spun yarn prices may be more stable in the coming weeks in China after suddenly falling 700 to 1,200 yuan per metric ton in November. Demand remains very weak with increasing inventories at spinning mills after production further rose 6.6% in October. Raw material costs however stopped declining, offering an opportunity to maintain prices at their new levels.

5 December 2008 - Cotton yarn prices sharply declined in the last weeks in Pakistan, being depressed by a low level in demand and a fall in raw material prices. The drop in market prices reached 20% for certain products, as reflected by our series of statistical tables. Polyester-cotton prices were less significantly cut although declining in line with staple fiber prices, our Correspondent reports.

5 December 2008 - E.U. Commission: New GSP Rules of Origin - Latest Proposal. - Canada's Government: WTO Consultations on U.S. Country-of-Origin Labelling. - Hong Kong-China: Allocation of US Textile Quotas. - U.S. CITA: Commercial Availability Requests under CAFTA-DR. - U.S. Customs: New AGOA-ATPDEA Rules of Origin. 2009 Textile Limits (NAFTA, Chile, Morocco, Singapore, Wool Fabrics). ATPDEA Extension. - U.S. Consumer Product Safety Commission: Conformity certification required for consumer products.

5 December 2008 - The wool market was not very strong this week, only supported by a fall in the commodity currencies. Available quantities are declining in Australia. Prices sharply fell in New Zealand while clearly rebounding in South Africa.

4 December 2008 - Cotton yarn prices in India did not follow the surge in cotton prices in the first part of the year before resisting the sharp cotton price decrease experienced in the fall. By contrast, Pakistani spinners easily preserved their margins thanks to a less dramatic jump in cotton prices in Pakistan. Markets remained very stable in China in the meantime before cotton prices suddenly fell without a similar decline in yarn prices, according to our statistical tables.

4 December 2008 - EU imports of cotton T-shirts continued significantly rising from China in the first part of the year. Chinese prices were further slashed after quotas were removed at European borders, offering some decisive support on a weakening EU market. The economic recession and a lower euro should result in a fall in imports in 2009.

4 December 2008 -Crude oil prices sharply fell from the last week, inaugurating a new period of decline on the petrochemical markets. Paraxylene lost 5% in three days in Asia but PTA and MEG did not move until now, after production was slashed in the past months. Polyester prices stayed unchanged as a result.

4 December 2008 - Cotton prices stayed relatively unchanged in the past days, indicating that stabiltity may be back on markets. Latest reports however confirm the fall in global cotton trade this season with demand from China possibly down 24%. Prices got some strong support from state's intervention in China and Pakistan in the past three days.

3 December 2008 - Apparel import prices may rapidly decline on the US market, as a result of the current drop in retail sales. Latest official data are giving first signs of deflation, especially for woven apparel or T-shirts, according to our series of statistical tables. The continuous rise in the dollar, the dramatic fall in raw material costs and the removal of US quotas on imports from China should offer new opportunities for lowering prices in 2009.

3 December 2008 - Viscose prices further fell in the past two weeks in China. If staple fiber prices less sharply declined than in prior period, filament prices dramatically decreased. Demand from spun yarn producers is also depressed by a new drop in viscose yarn prices. The stabilization in polyester prices and the rebound in cotton prices did not help until now.

3 December 2008 - Spandex prices took another dip in the last two weeks in China, again reflecting lower raw material costs and a further declining demand from the textile industry. Producers continued slashing operating rates. Although export rebates were increased, the spandex market is no more expecting a rebound in sales in the short term.

2 December 2008 - The European Union clothing market would fall 2.5% in the next year after already declining 1% in 2008, according to the Paris-based IFM, the French Fashion Institute. The German and Spanish markets would be hardly hit while UK would more resist. Sourcing trends may also be modified by the economic recession to the detriment of the Mediterranean rim. Price pressure is now being felt which could boost clothing chains of hard discounters on EU's market, in addition.

2 December 2008 - The currencies of a large number of low-cost countries started more obviously falling in the last month, offering some potential relief to the global clothing trade. The Chinese renminbi and the Indian rupee however stayed unchanged while the Pakistani rupee even rose. While the fall of the British pound is a clear blow for UK's importers, a continued increase in the dollar may support US imports in the next year.

2 December 2008 - Polyester prices are no more falling in China, in line with a slight rebound in PTA prices. Cotton prices are also recovering, therefore offering room for a stabilization in PSF prices. Inventories are also at relatively normal levels. Demand from the textile industry remains extremely weak, however, while crude prices started again plummeting below US$50 on Monday.

1 December 2008 - Cotton prices sharply rebounded in the last week, in line with a sudden recovery of equity and commodity markets. Physical demand however remained very flat, as textile production was indicating new signs of weakness in Asia. Governments in China, India and Pakistan may increasingly purchase cotton lint in order to support prices, therefore artificially raising raw material costs of textile industry and therefore depressing textile production and cotton consumption.

1 December 2008 - Prices are apparently more stable in the Asian polyester pipeline although paraxylene sharply rebounded in the past week. Other markets ignored the wave of optimism on equity and commodity markets. Skepticism is still dominating the China's polyester industry over any sign of short-term rebound. Prices may even further decline in the near term in line with a possible fall in crude oil futures.

1 December 2008 - Polyester fiber and yarn prices are now declining in Pakistan, in line with a low level in demand from downward processors. The recent reduction in cotton prices and lower PSF import prices are also putting pressure on the market, our Pakistan correspondent reports. Rising uncertainties should result in lower prices in the near future.