2 July 2009 - Viscose prices slightly fell in the past two weeks in China, reflecting a slowing down demand from spinners while raw material costs also declined at the same time, as reflected by our series of statistical tables comparing viscose with cotton and polyester prices.
2 July 2009 - Polyester prices rose in the last three days in China, after PTA and MEG prices gained ground on the Asian market. Production of ethylene glycol is apparently being reduced in the Far East due to a recent fall in margins. Demand for fibers may also rebound for replenishing stocks.
2 July 2009 - Nylon/Polyamide prices are rising in China, in line with a significant increase in raw material costs. Benzene and Caprolactam are climbing while anti-dumping duties are being imposed on nylon 6,6 chip imports. Demand remains depressed by contrast, forcing the polyamide industry in cutting production in the near term.
2 July 2009 - EU imports of cotton T-shirts from Bangladesh and China sharply surged over the first quarter, as European buyers preferred cheaper origins on a market depressed by recession. Shipments from Turkey and India heavily fell at the same time while sliding from Mauritius.
1 July 2009 - India's apparel exports still fell 10% in April, reflecting the sharp decline triggered by the global economic recession. Indian clothing exports are also negatively affected by the removal of US quotas on Chinese products. Indian exporters lowered their prices this year but are still in direct competition with China, as indicated by our series of statistical tables detailing average prices by product categories on both US and EU markets.
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