Textile Cotton Fabric Exporter

15 January 2009 - Inflation rates are back to more normal levels in emerging countries, after the energy and food crisis pushed up prices in the first part of 2008. Sharp differences are however reported depending on countries. With currency values often down in 2008 against the US dollar in addition, textile and clothing exporters may more easily overcome the global economic crisis, as reflected by our data.

15 January 2009 - Spandex prices again slided in the past two weeks although some stability may be in sight for the coming period, as production falls in China. Demand from Chinese textile companies is declining ahead of holidays and raw material costs are further decreasing in Asia, including MDI, BDO and PTMEG.

15 January 2009 - Polyester prices remained stable in the past days, even slightly increasing on certain market places. Crude oil futures sharply declined by contrast but an overall reduction in production is protecting the whole polyester chain form new price decreases. Paraxylene began however declining after significantly rising until last Tuesday.