Textile Cotton Fabric Exporter

21 November 2008 -Spun yarn prices more sharply fell in the past two weeks in China, compared with the previous period. Viscose yarn prices even crashed, with a loss of about 6%. Cotton yarn prices heavily fell in line with the current drop in cotton prices. Polyester staple and yarn prices less dramatically declined. The cotton system pipeline is confronted with a wave of bankruptcies in the coastal provinces where plants are shutting down. Yarn production is slowing down as a result, although still rising.

21 November 2008 - China's Ministry of Commerce: Raising Textile Export Rebates. Third Round of Allocation of US Textile Quotas. Anti-dumping Investigation against Imports of Polyamide 6,6. - U.S. CITA: CAFTA-DR Commercial Availability Determination: Polyester Fabrics. ATPDEA Limits. - U.S. Consumer Product Safety Commission: Certificates of Compliance: Final Rule. - U.S. U.S. Department of Agriculture (USDA): Cotton Board Rules and Regulations: Adjusting Supplemental Assessment on Imports.

21 November 2008 - Wool prices again rose this week on major markets, mostly due to strong demand from China ahead of year-end deadline for tariff quotas. A low level in offer also helped, along with a decline in currencies. Although new sales of superfine wool will be next week held in Australia, the current wave may rapidly end with prices returning to their long-term downward trend.