Textile Cotton Fabric Exporter

16 December 2008 - Polyester staple fibers were slightly raised in the past days in China, reflecting higher raw material costs after PTA and MEG further increased in the last week. POY prices also rose at the same time but DTY and FDY remained unchanged, as a clear sign that demand will stay very weak from the textile industry until after lunar year holidays.

16 December 2008 - Pakistan textile and clothing exports started slowing down in October, according to latest available data. Woven clothing exports were down 19% as a clear sign the low-cost country is confronted with rising difficulties, like energy shortages, high inflation rate, an appreciating currency and larger borrowing costs. The textile and clothing capacities are being slashed in the country with a large number of plants being now shut down, our Pakistan correspondent reports.

16 December 2008 - US retail sales more sharply declined in November than in October, according to just released official data. Retailers limited the drop in revenues by aggressively discounting prices. As a clear sign that low prices no more protect from difficulties however, European retailer H&M announced a 4% fall in global November sales.

15 December 2008 - Polyester intermediate prices continued rising in the last seven days in Asia, being supported by a recent fall in production and by a rebound in crude oil and paraxylene prices in the last week. Demand from China's polyester industry is also improving, as fiber producers are accumulating stocks ahead of China's lunar year holidays. Polyester chip and PSF prices slightly rose over the last days in China. Demand from downward textile industry remains extremely weak, however.

15 December 2008 - Cotton prices last week rebounded after previously falling, as a clear sign that current stability may last until after year's end. The cotton market is extremely depressed by falling textile production in China, India and Pakistan while large quantities of lint and yarns are being accumulated at Asian plants. Prices may further fall when excess production will be available on the international market, at the start of next year.

15 December 2008 - Cotton yarn export prices further fell in the past weeks in Pakistan, in line with lower demand from the Far East and the European Union. A reduction in raw material costs is also behind the recent decline in market prices. At the same time, yarn producers are again confronted with power shortages, which are dramatically disturbing in the winter season. Eid holidays also contributed to the slowdown in yarn trading activity.