Textile Cotton Fabric Exporter

12 November 2008 - The US import market for cotton knit shirts may be further invaded by products from Vietnam and Indonesia in the coming period, although quotas will be removed on shipments from China, effective from January 1st. The rise in Chinese costs is clearly affecting sales to the US market and there is no sign of a possible surge in shipments in this category 338-339. Central American suppliers will however continue suffering from Asian competition.

12 November 2008 - Yarn export prices significantly fell in October in Pakistan, as reflected by the series of statistical tables from our Correspondent. Lower demand from Europe and the Far East explain the new price decline. The Pakistani yarn industry should take advantage of the governmental textile package announced in the last week. Power shortages may however affect the production this winter although the energy crisis was less acute in the past period.

11 November 2008 - Yarn prices are further falling on the international market amid sliding activity. Demand is progressively declining while everyone is now anticipating lower cotton, polyester or viscose prices. Former agreements are being renegociated with a new volatility on the currency markets adding to current uncertainties. Our statistical tables cover negotiated yarn prices on the cotton, polyester, viscose, cotton/polyester, polyester/viscose markets and for some special yarns like cotton/spandex or cotton/Modal.

11 November 2008 - The price offensive last week launched by China's polyester industry finally failed, as spun yarn producers were unable raising their prices at the same time. After surging, filament prices are also declining with no sign that demand could rebound in the short term or raw material costs could really bottom out. A new decline in crude oil prices below US$60 per barrel would put more pressure on the polyester market.

11 November 2008 - Polyester prices sharply fell in November in India after already sliding in the previous months, our India Correspondent reports. Staple fiber prices were down 7.4% to 9.6% in November in rupee terms while filament prices declined 3% to 10% depending on products, as reflected by our series of tables. Lower MEG and PTA prices in Asia and a weakening demand from textile and clothing producers are explaining the current fall.

11 November 2008 - EU's imports of textiles and clothing from China continued surging in formerly restricted categories in October. There is no sign yet of a slowdown in China's exports to the European Union where quotas have been imposed until January 1st, 2008. The monitoring system for tracking shipments will be eliminated at the end of the year, including the obligation for Chinese exporters to get licences.