Textile Cotton Fabric Exporter

20 November 2008 - Deflation is on its way on the US apparel market with a fall of 4% in retail sales reported at clothing stores in October. This is partly due to declining consumer prices, down 1% from the previous month and more significantly falling from a year earlier. Apparel chains announced a sharper drop in their October sales with a double-digit fall for a large number of them.

20 November 2008 - Global cotton consumption will decrease this season for the first time in ten years, the ICAC Wednesday predicted in Ouagadougou. Falling demand is depressing prices on the international market with a downward spiral resulting in lower use in the future. Prices further fell in the last three days, although less dramatically than in the past week, however.

20 November 2008 - Polyester prices stayed unchanged in the last three days in Asia, reflecting a stabilization in PTA and MEG prices. The drastic fall in Asian production may offer some support to prices. A new decline in crude oil and paraxylene prices since the start of the week could further depress the polyester market, however. Reflecting new trade tensions, Argentina launched two anti-dumping investigations on imports of polyester staple fibers and filament yarns from Asia.

20 November 2008 - Viscose fiber and yarn prices further fell in the last weeks in Pakistan, in line with a general decline on the global market. Prices of domestically produced staple fibers however stayed unchanged while the decrease in yarn prices stopped in the last days. Spinners try resisting a new drop in prices while energy costs are again being raised, our Pakistan Correspondent reports.

19 November 2008 - China's clothing industry is confronted with a severe crisis this year, resulting in an impressive wave of bankruptcies and layoffs. Higher labor costs, a lack of workers and the global economic crisis are weakening the global textile leader. Chinese companies are already adopting new strategies, however, including a shift to higher-priced products and a relocation of production facilities to inland provinces and foreign countries, our special envoy reports.

19 November 2008 - Spandex prices further fell in the past period in China, as a result of continued weakness in demand from the textile industry. Raw material costs were sharply down, including MDI and PTMEG prices on the international market. Spandex producers are significantly reducing operating rates in order to stabilize prices. Largest Chinese producer Yantai Spandex released falling financial results.

19 November 2008 - Spun yarn export prices dramatically fell in the last two months in India, as a result of lower raw material costs and also due to the sharp decline in the rupee against the US dollar. Viscose yarn prices less significantly fell on the international market, however, while acrylic yarns even rose, according to price tables and related comments released by our India Correspondent.