Textile Cotton Fabric Exporter

11 December 2008 - China's textile and apparel exports continued surprisingly rising in November by contrast with a decline in total China's exports for the first time in seven years. Although confronted with US and EU economic recessions and a fall in the euro and the sterling, Chinese exporters may now take advantage of higher rebate rates and the removal of US textile quotas as of January 1st. Beijing is obviously tempted to let the renminbi falling in addition, but could attract some severe retaliation from Washington, as a consequence.

11 December 2008 - Demand for polyester filament yarns suddenly rebounded in India as filament weavers are no more anticipating a new decline in filament prices which stayed relatively unchanged in the past weeks. By contrast, demand for polyester staple fibers remain depressed, in line with the low level in spun yarn production. PSF prices further fell as a result, our India Correspondent reports.

11 December 2008 -Polyester prices could slightly increase in the near term in China, in line with a very small rise in polyester intermediate prices. Any attempt to raise the fiber prices may however be confronted with a low level in demand from the textile industry. Polyester prices should however not further decline in the near term after crude oil prices rallied this week.

11 December 2008 - Cotton prices are currently experiencing a "volatile stability" with sudden increases and declines actually hiding a relatively unchanged averaged level. The stability could continue until early next year. Market fundamentals remain highly depressive, as confirmed by latest monthly report from the US Department of Agriculture (USDA).

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8 December 2008 - The polyester intermediate market ignored a new dramatic fall in crude oil prices in the past week. PTA and MEG prices even rose on spot markets in Asia, as a clear sign that drastic production cuts are now stabilizing the market. The polyester pipeline may have found a bottom after the sharp decrease experienced in the past two months.

8 December 2008 - Cotton prices failed in really rebounding as US futures dramatically dropped on Thursday and Friday. In addition to a general depression on world commodity markets, the sharp decline was triggered by lower demand for US cotton on the international market. Demand from China nearly disappeared as soon as prices rose in the last two weeks. Cotton prices were however rebounding on Monday, in line with other markets.

5 December 2008 - Spun yarn prices may be more stable in the coming weeks in China after suddenly falling 700 to 1,200 yuan per metric ton in November. Demand remains very weak with increasing inventories at spinning mills after production further rose 6.6% in October. Raw material costs however stopped declining, offering an opportunity to maintain prices at their new levels.

5 December 2008 - Cotton yarn prices sharply declined in the last weeks in Pakistan, being depressed by a low level in demand and a fall in raw material prices. The drop in market prices reached 20% for certain products, as reflected by our series of statistical tables. Polyester-cotton prices were less significantly cut although declining in line with staple fiber prices, our Correspondent reports.

5 December 2008 - E.U. Commission: New GSP Rules of Origin - Latest Proposal. - Canada's Government: WTO Consultations on U.S. Country-of-Origin Labelling. - Hong Kong-China: Allocation of US Textile Quotas. - U.S. CITA: Commercial Availability Requests under CAFTA-DR. - U.S. Customs: New AGOA-ATPDEA Rules of Origin. 2009 Textile Limits (NAFTA, Chile, Morocco, Singapore, Wool Fabrics). ATPDEA Extension. - U.S. Consumer Product Safety Commission: Conformity certification required for consumer products.

5 December 2008 - The wool market was not very strong this week, only supported by a fall in the commodity currencies. Available quantities are declining in Australia. Prices sharply fell in New Zealand while clearly rebounding in South Africa.

4 December 2008 - Cotton yarn prices in India did not follow the surge in cotton prices in the first part of the year before resisting the sharp cotton price decrease experienced in the fall. By contrast, Pakistani spinners easily preserved their margins thanks to a less dramatic jump in cotton prices in Pakistan. Markets remained very stable in China in the meantime before cotton prices suddenly fell without a similar decline in yarn prices, according to our statistical tables.

4 December 2008 - EU imports of cotton T-shirts continued significantly rising from China in the first part of the year. Chinese prices were further slashed after quotas were removed at European borders, offering some decisive support on a weakening EU market. The economic recession and a lower euro should result in a fall in imports in 2009.

4 December 2008 -Crude oil prices sharply fell from the last week, inaugurating a new period of decline on the petrochemical markets. Paraxylene lost 5% in three days in Asia but PTA and MEG did not move until now, after production was slashed in the past months. Polyester prices stayed unchanged as a result.

4 December 2008 - Cotton prices stayed relatively unchanged in the past days, indicating that stabiltity may be back on markets. Latest reports however confirm the fall in global cotton trade this season with demand from China possibly down 24%. Prices got some strong support from state's intervention in China and Pakistan in the past three days.