Textile Cotton Fabric Exporter

12 December 2008 - US apparel imports did not decline in October for the second consecutive month, latest official data are indicating. China is definitively back on the US market, ahead of the full elimination of textile quotas on January 1st. Imports from Bangladesh and Honduras are also surging while slowing down from Vietnam and still stagnating from India. Knit apparel imports are much stronger than woven apparel imports, as reflected by our series of statistical tables.

12 December 2008 - Wool prices slightly rose in US$ terms this week, as a clear sign that the Australian market probably reached a bottom. Demand remained very firm with only two sessions remaining before the Christmas recess. China still needs filling its quotas while Australian growers partly retain their wool until prices start recovering. Prices also rose in South Africa while being mixed in New Zealand.

12 December 2008 - E.U. Commission: Textile imports from China: end of double checking system. GSP-+ in 2009-2011. - Hong Kong-China: Allocation of US Textile Quotas. - U.S. CITA: Textile Quotas' Elimination : end of ELVIS. - U.S. ITA: New Trade Advisory Committee. Anti-Dumping duties on Korean

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).