Textile Cotton Fabric Exporter

12 January 2009 - Cotton prices continued steadily rising in the last week in New York, being supported by speculative funds in line with the recent fall in the US dollar. Textile production began also slowly recovering in Pakistan and India with a relatively better demand for spun yarns. There is no clear sign of a long-term rebound in cotton use and prices however, with the current rally being therefore seen by analysts with some strong pessimism.

12 January 2009 - Crude oil prices began falling in the second part of the past week as a clear sign that prices will not further increase in the polyester pipeline. Demand from the China's textile industry being very weak ahead of the Spring Festival, there is no potential rise in prices in sight before February. Intermediate producers are tempted raising their operating rates in addition, putting some permanent pressure on PTA and MEG market prices.

12 January 2009 - EU's denim imports heavily fell in the first three quarters of the past year, reflecting a new decline in apparel capacities in the European Union and more precisely in Italy. Tunisian shipments were consecutively down while surging from Morocco after new capacities were built in the country.