Textile Cotton Fabric Exporter

18 November 2008 - US apparel imports surprisingly rose in September. Shipments from Vietnam and Bangladesh were very strong over the third quarter as a clear sign of renewed interest for low-cost products. Apparel imports from China also increased, after falling in the first half this year. Imports from India, Pakistan, Sri Lanka or Thailand clearly fell over the July-September period. The removal of US quotas on imports from China could further put pressure on all these origins.

18 November 2008 - Polyester prices further collapsed in the last seven days in China with average PSF price for 1.4D down below the symbolic and very low level of 7,000 yuan per metric ton. Demand for staple fibers continues slowing down in line with a reduction in spun yarn consumption. Filament prices are also in free fall as a clear sign that clothing production is not improving. With raw material costs having sharply decreased in the year-to-date, polyester prices may further fall in the near term.

18 November 2008 - Spun yarn prices fell across the board in the last two months in India. The decline was less strong however for cotton yarn prices than for polyester-viscose and polyester-cotton prices, as reflected by the series of statistical tables from our India Correspondent. Production of spun yarns is being reduced, partly due to power shortages in the Southern part of the country. Stocks are however piling up, reflecting the current textile crisis in India.