5 January 2009 - Cotton prices further surged in the past week in New York amid very low trading volumes in the last days of the year. The fall of the US dollar however found a bottom, and this may put and end to the current rally. Prices also surged in Pakistan where textile activity is apparently recovering. Indian prices are clearly on the decline by contrast, although a minimum price was set by the government. In China, prices are slightly rising, stimulated by continued state intervention on the market.
5 January 2009 - Polyester intermediate prices began declining in the last week in Asia, reflecting a low level in demand and a surprising fall of paraxylene prices. The recent rebound in prices in the polyester pipeline has apparently ended. Although a series of Asian producers have shut down facilities, new production lines are expected coming on stream this year, especially in China. This should maintain prices at their currently low level.
2 January 2009 - Optimism is back on Pakistan's cotton yarn market , at least for a while. Demand for cotton yarns was stronger in the past period, thanks to a fall in the rupee and a continued strength in cotton prices. The lack of energy also resulted in much lower yarn production therefore stimulating prices. Blended polyester-cotton yarn prices however slightly declined in the past weeks, our Pakistan Correspondent reports.
2 January 2009 - Viscose prices further fell in the last two weeks in China. Raw material costs continued losing ground while demand remained extremely weak at the same time. Viscose staple fiber prices were nearly halved in 2008, much more dramatically declining than cotton prices. The price difference nearly disappeared between viscose and cotton. Demand for viscose did not rebound however.
2 January 2009 - EU Commission: Anti-subsidy duties on bed linen from India. 2009 Quotas (Belarus, Serbia)
- Hong Kong: Textiles Control Arrangements for the EU and the US Markets in 2009. China's 2009 rules regarding textile Certificates of Origin and Export Licensing.
- U.S. President: CAFTA-DR Implementation for Costa Rica. FTA with Oman.
- U.S. Customs: ELVIS cancellation.
- U.S. CITA: Entries in excess of textile limits.
- US Trade Representative: The U.S. Files WTO Case Against China Over Illegal Support for Chinese “Famous Brands”.
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