http://www.emergingtextiles.com Textile and Clothing Trade Information en 17 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081117-polyester-intermediate-market-price Raw material costs of polyester producers were mixed in the past seven days in Asia, with PTA again falling on spot markets while MEG was slightly increasing. Demand is expected further declining from China's polyester industry, potentially resulting in lower prices in the near term. PTA less dramatically decreased than Paraxylene since the start of the year in addition, leaving room for new price reductions. 17 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081117-cotton-market-price Cotton prices further declined in the last week amid new signs of a severe slowdown in textile production this year in Asia. Global cotton consumption is expected being much lower than earlier anticipated. State intervention for supporting prices in China, India and Pakistan may also have serious consequences on prices levels on the international market. 14 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081114-clothing-eu-import-china-long-term-prices Chinese prices progressively rose over the last years on EU's clothing import market. With quotas being this year removed in most sensitive categories, prices significantly fell, however, although not returning to their lower levels of 2005. Sharp differences are being observed between categories of products over the long term period, as clearly reflected by our series of tables covering 4-digit HS chapters in the 2000-08 period. 14 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081114-wool-market-price Wool prices sharply rebounded this week in Australia, mainly due to a fall in the Australian dollar while Chinese importers need urgently filling their annual quotas. The recovery should not last beyond the end of next week, with prices expected finally falling before the end of the month. 13 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081113-cotton-market-price Cotton prices further crashed in the last three days on the international market. Prices lost more than 6% from last Friday in New York to a level not seen since 2002. In China, domestic prices are more sharply falling while now also sliding in Pakistan. Global use this season is seen at a much lower level than a few months ago. 13 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081113-polyester-market-price Polyester prices further fell in the last three days in China, putting a definitive end to the short-lived recovery of the last week. In absence of any rebound in China's textile poduction, prices are expected further falling in the near term. A new decline in crude oil prices should put more downward pressure on the Asian market. 13 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081113-global-textile-trade While the European Union and the United States are still predominant textile markets, imports by emerging countries are rapidly rising, as reflected by a series of statistical tables on the global textile trade which were just released by the WTO. China's textile exports were again very strong in the last year, by far exceeding EU or US exports. India, Pakistan and Turkey only have a small part of the gobal market when compared to China. 12 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081112-apparel-us-import The US import market for cotton knit shirts may be further invaded by products from Vietnam and Indonesia in the coming period, although quotas will be removed on shipments from China, effective from January 1st. The rise in Chinese costs is clearly affecting sales to the US market and there is no sign of a possible surge in shipments in this category 338-339. Central American suppliers will however continue suffering from Asian competition. 12 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081112-pakistan-yarn-export-market-price Yarn export prices significantly fell in October in Pakistan, as reflected by the series of statistical tables from our Correspondent. Lower demand from Europe and the Far East explain the new price decline. The Pakistani yarn industry should take advantage of the governmental textile package announced in the last week. Power shortages may however affect the production this winter although the energy crisis was less acute in the past period. 12 November 2008 http://www.emergingtextiles.com/cgi-bin/search.pl/art/081112-nylon-market-price Nylon/polyamide prices sharply fell in the past four weeks in China, a very sudden move on a usually stable market. The drop in prices was triggered by a dramatic decline in caprolactam prices in Asia, in line with falling imports from China. CPL producers are slashing production in Japan, Korea and China while leading maker BASF will even reduce its worldwide capacities, especially in Europe.