Textile Cotton Fabric Exporter

18 December 2008 - PTA and MEG prices continued rising in the last three days in Asia, being supported by lower production and last week's rally in crude oil futures. Polyester fiber producers are raising their prices in China but they continue being confronted with increasingly stronger resistance from the textile industry, as a large number of plants are being closed ahead of year's end.

18 December 2008 - The cotton market remained very firm since the start of the week thanks to the support of a falling US dollar. New York prices are now 10% above their lowest level this season. In largest textile producing countries, governments continues purchasing cotton in order to support prices. After China a few days ago, India could have to accelerate the procurement trend as prices are falling below minimum support level.

18 December 2008 - Spun yarn prices further fell in the past weeks in India, reflecting a very low level in demand. Spinners are confronted with strong difficulties, especially in Tamil Nadu. In addition to relatively high cotton prices, power shortages are putting pressure on the yarn industry. While viscose yarn production and prices are shrinking, polyester spun yarn prices are being supported by stronger demand by contrast, our India Correspondent reports.

18 December 2008 - Prices further fell on the Pakistan market for viscose fibers and spun yarns, our Correspondent reports. Demand declined to its lowest level, partly due to Eid holidays but also in line with the global slowdown in textile and clothing production. Blended polyester-viscose yarn prices are also on the decline, as reflected by our series of statistical tables.

17 December 2008 - Viscose prices again fell in the past two weeks in China, under pressure from lower demand. Raw material costs more resisted at the same time, as cotton prices slightly rose, offering some support to cotton linter and cotton pulp prices. Viscose makers will probably have to further reduce their production in order to stop the continuous decline in prices.

17 December 2008 - The spandex market continues falling in China. Spandex (elastane) prices further dropped in the last two weeks in the country, reflecting lower raw material costs. MDI and PTMEG prices are sharply declining in Asia, forcing spandex makers in lowering their prices. Demand remains very weak from the textile industry with operating rates slashed to 50% and expansion plans being now cancelled.