Textile Cotton Fabric Exporter

27 November 2008 - Cotton prices are clearly rebounding on New York and physical markets, in line with a general recovery of equity and commodity markets triggered by the announcement of a huge spending plan in the United States. This "Obama Effect" may however be short-lived on the cotton market, given the high level in yarn stockpiles being currently accumulated in Asia while apparel retail sales are further falling in Western countries.

27 November 2008 - Polyester prices are not rebounding in line with other global markets. Although crude oil, paraxylene and PTA are clearly on the rise in Asia, polyester producers remained extremely prudent so far. The level in demand from China's textile industry is not expected to rebound. Cotton yarn prices are further falling in China, in addition, although cotton prices are now bottoming out.

27 November 2008 - US imports of men's and boys' woven trousers fell across the board this year, except from China. Shipments remained strong before quotas are eliminated at the end of the year, as a clear sign that China may gain new shares of the US import market in the next year. Competitors in Bangladesh, India and Mexico may find it difficult to compete, even with higher Chinese prices in the future.