Textile Cotton Fabric Exporter

13 November 2008 - Cotton prices further crashed in the last three days on the international market. Prices lost more than 6% from last Friday in New York to a level not seen since 2002. In China, domestic prices are more sharply falling while now also sliding in Pakistan. Global use this season is seen at a much lower level than a few months ago.

13 November 2008 - Polyester prices further fell in the last three days in China, putting a definitive end to the short-lived recovery of the last week. In absence of any rebound in China's textile poduction, prices are expected further falling in the near term. A new decline in crude oil prices should put more downward pressure on the Asian market.

13 November 2008 - While the European Union and the United States are still predominant textile markets, imports by emerging countries are rapidly rising, as reflected by a series of statistical tables on the global textile trade which were just released by the WTO. China's textile exports were again very strong in the last year, by far exceeding EU or US exports. India, Pakistan and Turkey only have a small part of the gobal market when compared to China.