Crude prices further rallying in New York
Polyester prices were today unchanged in China although crude oil prices further rallied yesterday in New York . Prices of polyester intermediates are very firm, as a result of higher petrochemical prices. Excess capacities could continue depressing filament prices in the long term. TOP |
Polyester raw materials further rising in Asia
Polyester raw materials are further rising in Asia . PTA prices are boosted by an anticipated increase in paraxylene prices. Contract prices for April confirm the upward trend in petrochemical prices. Crude continue rising in New York , in addition. TOP |
New York Cotton prices rise on improved sales
The New York cotton market yesterday reacted enthusiastically to the latest US government sales figures indicating better than expected growth. Although prices rose in trading, they were not significantly higher leaving analysts to question if such a large gain will shortly arrive. Prices in China have also been steadily increasing, in addition. TOP |
Bangladesh seeks US and EU help in challenging China
Bangladesh apparel exports have made a good start in 2006 with a 32 per cent increase in volume to the US . The country continues requesting a preferential access, however, in order to preserve its US market shares after quotas are removed. Knitwear and woven apparel producers are also negotiating a compromose over rules of origin for duty-free access to EU's market. TOP |
US-China and Vietnam Quota Prices and Fill Rates
Chinese quotas have again been slowly filling over the past week whilst several categories of restricted imports from Vietnam show possible exhaustion before the end of the year. Vietnam has been making good progress in talks on joining the World Trade Organization which could be achieved before the end of 2006. TOP |
Canada calls for assertive China action
Canadian imports of woven and knit apparel were again dominated by China in both 2005 and the first month of January 2006. A concerned textile trade union has joined forces with the Canadian government to seek an assertive stance on Beijing . A common front with the USA and Mexico is also being sought to combat cheap Chinese imports. TOP |
Cotton prices increase on improved demand
Cotton prices in New York and India yesterday rose on stronger demand. Mills returned to improved buying activity in New York and prices closed higher despite a wave of selling in mid-session. There were also some increases today of physical prices with US and Brazilian varieties up by 25 points. TOP |
US Apparel Import Prices: China vs. India , Pakistan , Bangladesh , Indonesia and Vietnam
US apparel imports in January saw battle raging between the six leading suppliers. Bangladesh and Pakistan remain the cheapest overall with China forced to raise prices in quota categories. In terms of volume, India made the biggest gains from one year earlier. TOP |
Latest Regulations regarding Textile Trade
- US International Trade Commission - Determination of anti-dumping review on certain polyester staple fibers from Korea and Taiwan .
- US Department of Agriculture - Intention to conduct a review on whether a referendum is needed regarding a review of amendments to the Cotton Research and Promotion Act.
- US Customs and Border Protection - China Stage 3 Opening for Quotas Filled in 2005.
- Canada - NAFTA Tariff Preference Level Utilization for 2006 (Exports and Imports).
- US Committee for the Implementation of Textile Agreements (CITA) - Request for public comments on availability under the Andean Trade Promotion and Drug Eradication Act (ATPDEA) and African Growth and Opportunity Act (AGOA).
- US Department of Agriculture - Request for comments on Cotton Research and Promotion Act.
- Hong Kong Trade and Industry Department - Information concerning mainland China bids ( Guangdong Province ) for textile exports to EU and US.
- US International Trade Commission - Looking into apparel inputs with respect to providing preferential treatment for Sub-Saharan African, Caribbean Basin and Andean countries.
- US Customs and Border Protection - Refunds of excess CAFTA customs duties. Also, results of China stage 2 opening for quotas filled in 2005.
- US Office of Textiles and Apparel (OTEXA) - CAFTA commercial availability which also includes short supply list.
- Hong Kong Trade and Industry Department - Second round of biding for EU and US textile quotas. Plus, certificate of Hong Kong origin requirements for textile exports to the EU and classification of certain goods including bed linen.
- US Federal Register - Presidential proclamation concerning CAFTA implementation.
- European Union - Initiating a 'new exporter' review of anti-dumping duties on imports of synthetic polyester staple fibers from China . TOP |
Turkey calls for separate textile tariff negotiations
Turkey last week firmly and formally called for separate textile negotiations during the current round of WTO trade liberalization talks. The move proposes an alternative method of calculating tariff reductions and has been welcomed by a host of trade organizations whilst being severely criticized by China as protectionist. TOP |
US Imports of Brassieres (349/649): China still on top
US imports of brassieres (349/649) in January grew slightly despite reduced shipments from leading supplier, China . Manufacturers have been shifting production from the mainland to Hong Kong and elsewhere in Asia to escape quota effects. Bangladesh exports doubled compared with the same month last year and also offered US importers cheapest options. TOP |
US Home Textile Imports in January 2006 : China vs. India and Pakistan
US imports of home textile products in January 2006 have seen Pakistan making a much better start to the year than it did in 2005. China continues to account for over half of the shipments in made-ups whilst India fails to make any improvements but increases exports of cotton towels. TOP |
China 's apparel prices in US considerably higher in January
US importers have been paying considerably more for many categories of Chinese apparel in January than they were in 2005. Unit values, especially in restricted categories, have clearly increased whilst there has also been rises for clothing in non-restricted categories. TOP |
Taiwan 's sales of polyester textured yarns in 2005 recovered in December
Taiwanese polyester textured yarn exports recovered in December following weak sales throughout 2005. Shipments were over 40 per cent lower at one point before eventually staging a recovery in December that saw volumes on the increase. In addition, unit values were reduced in the second half of the year. TOP |
Pakistan lowers anti-dumping duties on polyester filament yarns
Pakistan has significantly reduced anti-dumping duties on polyester filament yarns from Indonesia , Korea , Malaysia and Thailand . Lower anti-dumping duties should help textile producers in developing production of polyester filament fabrics in the future. We below publish a table comparing November provisional duties and March definitive duties. TOP |
US Imports of Underwear (352/652): Fall from leading suppliers
US imports of underwear (352/652) in January fell as shipments from the leading three suppliers were lower than one year ago. Supplies from China were drastically reduced from 2005 following last year's embargo crisis. Indian exports rocket and prices rise slightly. TOP |
Vietnam suspends US export licenses as quotas fill up
Vietnam has suddenly called a halt to any further automatic exports in two sensitive US categories. Fill rates have been growing fast and the government is concerned that embargoes could occur early on if action is not immediately taken. TOP |
Turkey 's February exports modestly improved
There was a modest improvement in the value of Turkish textile exports in February. Apparel shipments are still lower than a year ago but the difference is not as bad compared with January. Production during the first month of the year was again at lower levels. In addition, the IMF has reacted to Turkey 's VAT cut for textiles. TOP |
Viscose prices are bottoming out in China
Viscose prices are slowly recovering in China after sharply falling for a large number of weeks. Demand is stimulated by the recent fall in prices and a seasonal high in production of viscose-cotton apparel for the spring and the summer. The rise in cotton and polyester prices before Lunar year holidays also forced spinners in using more viscose staple fibers. TOP |
Rebound in oil and petrochemical prices
Petrochemical prices are on the rise in Asia after crude price bottomed out in the past days. Iran 's threat to cut supplies and limit shipments through the Strait of Hormuz is behind the rebound. Due to higher raw material costs, POY prices may have risen 100 Yuan per ton on a few spot markets in China , according to certain reports. TOP |
US January Imports in 338/339: Central America resists Asian pressure
US January imports in the sensitive cotton knit shirt category grew dramatically from leading Asian suppliers at the expense of China . Countries such as India and Vietnam have clearly benefited from orders that would normally have been placed with Chinese producers. At the same time, Central American manufacturers were able resisting surging competition from Asia . TOP |
Hong Kong's January clothing re-exports down sharply in US
Hong Kong clothing re-exports to the US in January were significantly lower than one year earlier, latest data confirm. Overall, shipments decreased and indicate Hong Kong has not benefited from China quotas in the US and Europe . However, trade may have been distorted by the timing of this year's Lunar New Year holiday. TOP |
India 's huge ambitions on global Home Textile market
In only a few years, India became a leading exporters of home textiles, from bed linen to terry towel. Largest groups are developing huge capacities to take additional shares on US and EU markets and face surging competition from China and Pakistan , our special envoy reports, back from Tex Styles India. TOP |
US Imports of cotton trousers (347/348): Bangladesh set to overtake Mexico
US January imports of cotton trousers from Bangladesh grew dramatically at the expense of falling volume from Mexico . This has resulted in Bangladesh set to overtake Mexico as leading supplier should this pattern continue. Hong Kong supplies have also picked up at the same time that restricted Chinese shipments have significantly dropped. TOP |
January US Apparel Imports from China severely hit by quota
According to recently released US department of Commerce data, US apparel imports in January from China have clearly been hit by large falls in sensitive quota categories. This comes following embargoes last year created a sense of uncertainty amongst US retailers. Orders have instead been redirected to other low-cost Asian producers such as Bangladesh and India . TOP |
Ministry unwilling to give whole PQA land to Textile City
The ministry of ports and shipping seems to be unwilling to give the whole 1,250-acre Port Qasim Authority land to the Textile City , as it has yet not yet transferred the whole piece for the project despite clear directives from the prime minister. TOP |
Delegations meet to boost bilateral trade with India
The commerce secretary from country along with the Indian delegations will discuss at the second meeting of the Joint Study Group on bilateral trade which is growing at the steady rate. TOP |
Textile exports up 19 per cent during 2005-06
The export of textile products recorded an 18.99 per cent growth during the first year of the quota-free regime (Jan-2005 to Jan-2006) over the same period a year back. TOP |
Profitability of textile firms declines
The profitabilities of listed textile companies are showing a declining trend; although the overall textile sector has been performing well in terms of export growth; Suleman Amir Ali, research analyst said. TOP |
'Textile Asia 2006' to be held on March 18-21
The 'Textile Asia 2006 International Exhibition and Conference' will be held at the Karachi Expo Centre from March 18 to 21. TOP |
Industrialists urge govt to share in workers' training
A programme to train workers of the knitwear and garments industry costing Rs 28,000 a worker has evaporated the enthusiasm of industrialists and they have written to the ministry of textile to share 50 percent of the cost; sources said here on 13th March.
The industrialists have agreed, half-heartedly, to the proposal if the government shares 50 percent. They are still hesitant to adopt the idea; the sources said.
Federal Secretary Textile Masood Alam Rizvi had visited associations of knitwear and garments sectors last week and had assured the industry of the government's commitment to provide assistance, including financial support, for this project to be implemented through private-public partnership. TOP |
'3rd International Textile Asia Exhibition' starts on March 18
The '3rd International Textile Asia Exhibition' at Expo Center has been inaugurated by the Federal Minister for textile, Mushtaq Ali Cheema here on 18th March, sources said here on March 19.
Further on the occasion of the inauguration, the minister said that the government of the country would give incentives to the textile garment industries, including exemption of taxes and reduction of utility charges.
The exhibition was visited by Chinese Consul General Sun Chunye, Chairman All Pakistan Textile Manufacturers Association (APTMA) Ali Khan and others.
The garment manufacturer and exporter industries needed modern machinery and technology to boost the production. Further textile industry had made investment of $5.5 billion in BMR and expansion of production capacities in the last few years. TOP |
Cotton prices stay firm despite low demand
Cotton market on March 14 showed quietly steady trend as official spot rates were firmly held at the overnight levels in the absence of strong mill demand.
But in physical trading much of the activity remained confined to low-mic lots from the central Sindh cotton belt but most of the deals both in Sindh and Punjab varieties were finalized below Rs2,500 per maund, dealers said.
As the tender date of March 16, for the TCP's 50,000 bales is drawing nearer spinners prefer to keep to the sidelines rather than indulging in big deals, they said. TOP |
LCCI urges govt to adopt immediate measures for knitwear industry
The high input cost of utilities and high rate of export refinance are the main reason behind the closure of 134 knitwear units, rendering 23,637 people jobless, the Lahore Chamber and Commerce and Industry president Mian Shafqat Ali said here on March 20.
The president expressed his views at the meeting held at LCCI with a delegation of Pakistan Hosiery Manufacturers Association and also urges government to take immediate measures to save the knitwear industry which is fast heading towards closure. TOP |
Textile City mega project to be completed by June next year
The mega project of Textile City would will be completed by June next year at a cost of Rs six billion. Chief Executive Officer of Textile City Limited, Zaheer Hussain announced this during a press briefing held here as part of "Textile Asia-2006" Exhibition and Conference at Karachi Expo Centre on March 19.
The project will be erected on an area of 1250 acres. It will also have housing facilities for workers on additional 500 acres land located near the project. The additional land was acquired with the help of provincial Government; he added. In order to meet water requirements, a water pipeline from K-III project would be provided to the Textile City by the provincial Government. Textile Commissioner Muhammad Idrees Ahmed said another project of Textile Garments would also be established in the vicinity of Textile City .
Through value addition the Textile Garments will add $400 million to the existing exports of the country besides offering 60000 job opportunities to the people; he told the mediamen. This project will prepare high-value woven and knit garments. TOP |
Textile entrepreneurs not satisfied over 19 pct rise in exports
The textile entrepreneurs in the country are not satisfied over 19 per cent increase in exports during last eight months as they assumed the growth must have been doubled, keeping in view the textile sector has undergone large-scale expansion in the last few years, Commerce Minister Humayun Akhtar Khan said here on March 24.
The minister further said that the exports from the country have registered a record figure of $ 10.6 billion during eight months (July-February 2005-06) showing an increase of 19.7 per cent over the corresponding period of last year. TOP |
20 textile units to shift to Bangladesh
As many as 20 textile units have finally decided to shift their production units to Bangladesh in an aggressive move to cut their production cost. They say that the production cost is almost half of that of Pakistan as Bangladesh has offered a tax-free investment opportunity to the Pakistani textile industry; sources said here on March 27.
They said the offer of a tax free-investment has attracted some of the prominent textile industrialists, who now plan to shift their production units. Representatives of different textile associations claimed about 20 units of bed linen, readymade garments and knitwear had finalized plans to shift to Bangladesh and it could take a month or two to set up or acquire any of the already running units in Bangladesh . However, the situation has pushed the authorities of government of Pakistan to offer incentives to the over $8 billion-export industry, otherwise it could trigger capital flight from the country.
The bedwear exporters witnessed a sharp decline in orders from European countries after the EU in March 2004 imposed a 13.1 percent anti-dumping duty on imports from Pakistan , claiming the cheap Pakistani products were harming the local textile industries. Pakistan , which entered the WTO regime in January 2005, is among top five textile goods exporters of the world. On an average, the country exports textile products worth more than $8 billion every year. TOP |
Export of textile goods up by 20 pct
Pakistan 's export of textile products rose by 20.18 per cent to $6.323 billion during the eight months of the current fiscal year as against $5.261 billion the same period of last year. Official figures released by Federal Bureau of Statistics (FBS) here on March 24 showed that the increase was mainly attributable to growth achieved in the export of readymade garments during the month of Feb 2006.
The export of readymade garments surged 33.15 per cent to $872.276 million during Feb 2006 as against $655.125 million over the same month last year. A decrease of 18.30 per cent was recorded in export of readymade garments during Jan 2006 and 4.92 per cent in December 2005 over the corresponding months of the last year. The export of bedwear grew by 65.72 per cent, cotton yarn by 28.95 per cent, cotton cloth by 159.30 per cent, knitwear by 1.96 per cent and towels by 12.69 per cent during the eight months of the current fiscal. However, the export of tents, canvas and tarpaulin declined by 71.42 per cent, art, silk, synthetic textile by 38.17 per cent and made-up articles by 14.35 per cent. The export of carpets, rugs increased by 2.91 per cent, sports goods by 8.33 per cent, engineering goods by 11.80 per cent, auto parts by 60.08 per cent, leather manufacturers by 46.4 per cent, footwear by 22.4 per cent, chemical and pharmaceutical products by 9.80 per cent during the period. TOP |
