Textile Cotton Fabric Exporter

24 December 2008 - Vietnam's clothing exports to the US and EU markets continued surging this year, whatever the slowdown in global apparel trade. Orders from both markets would now decline, however, according to domestic exporters as Vietnam is progressively affected by the global economic crisis. The country is confronted with a relatively higher inflation in addition, and a deteriorating social climate, consecutively.

23 December 2008 - With intermediate prices more evidently rising, the polyester industry tries offering higher prices in China. Staple fibers were raised by 200 yuan per ton in the last days but fiber producers may be confronted with strongly resisting customers. Filament makers are already unable raising their prices although their costs seriously rose in the past two weeks.

23 December 2008 - Spun yarn export prices are falling again in India, especially for cotton and polyester-cotton yarns, according to statistical tables released by our India Correspondent. The business is becoming extremely difficult for exporters, with buyers now renegotiating orders to take advantage of lower prices. Government incentives are not offering enough support to the cotton textile industry, according to exporters.

23 December 2008 - Polyester prices continued declining in December in Pakistan, partly due to a simultaneous decrease in cotton prices. The price difference between polyester and cotton is being reduced, allowing a rise in PSF use in the country. Spun yarn prices were clearly down in the past weeks while filament yarns remained however unchanged.

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22 December 2008 - Polyester intermediate prices have now clearly bottomed out in Asia with rises of 5-10% observed in the past seven days. Paraxylene, PTA and MEG prices are obviously boosted by a lower production in Asia and by the absence of a new fall in crude oil futures in New York. Polyester producers try now raising their prices but could be confronted with a very weak demand from textile industry in China and elsewhere.

22 December 2008 - Cotton prices are still relatively stable on the international market, being last week supported by a sharp decline of the US dollar. Compared with other commodity markets, the cotton market remains relatively weak, however, reflecting a low level in demand from the textile industry. The Indian government cleared the way for further state-buying in the coming weeks as large quantities of cotton were already accumulated at much higher prices than on the international market.