Cotton
prices fall on less demand
Cotton prices continued to head downwards in yesterday's
trading activities. New York's March contract was hit by
increased selling and no sight of any rallies. Indian prices
are also down with lack of export interest whilst Pakistan
is expecting prices to shortly increase on mill and spinner
demand. TOP
|
US
imports of carded and combed cotton yarns decline in 2005
US imports in both the carded and combed cotton yarn categories
were lower throughout 2005 than during 2004. There were
also double-digit price cuts in the two categories over
the year. Pakistan was leading supplier in the two categories
although carded cotton yarn shipments were much reduced
from last year. TOP
|
Hong
Kong clothing re-exports successfully resisted in 2005
Hong Kong clothing trade was not dramatically affected by
the elimination of textile quotas in 2005. Shipments however
declined in the second part of the year before falling at
a lower pace in December. This is a first sign of a possible
rebound in 2006, after US and EU reimposed quotas on imports
from China. TOP
|
EU
wants compulsory "made in" labels by 2007
Imports of apparel, textile and footwear into the European
Union could soon be required to carry labels identifying
country of origin. The proposals, if ratified, would become
mandatory during mid-2007 but face opposition from European
consumer and trade groups. TOP
|
Wool
prices continue jumping
Wool prices this week further rallied in Australia and South
Africa, as demand was boosted by lower currencies, better
quality, a lack of supply, low stocks at textile plants
and a return to wool in fashion trends. Predicting a continuous
rise in prices this year would be extremely risky, however.
TOP
|
New
York sharply rebounding ahead of rising Chinese demand
China is fast approaching its Lunar New Year celebrations
and US analysts predict increased orders for cotton are
on their way. New York futures have reacted yesterday
with prices rallying following the previous day's low
close. Activity in Pakistan has quieted a little with
spinners attempting to ensure prices do not go too high.
TOP
|
US
Apparel and Textile Imports from China
US apparel imports from China continued to fall with decreases
in several categories. Shipments also continued to be affected
by embargoes preventing any rebound. Textile shipments stayed
strong with some notable increases. TOP
|
US
Terry Towel quotas to give Pakistan edge over China
US imports of terry towels were up slightly in November.
Chinese imports continued to surge whilst those from Pakistan
remain much higher than 2004. US quotas on China this year
will provide space for Pakistan to consolidate top position.
TOP |
Latest
Regulations regarding Textile Trade
-
US Department of Agriculture (USDA): Cottonseed Payment
Program.
-
European
Union: Amendment to definitive Indian bed linen anti-dumping
measures and Rules of Origin explanations for Euro-Med.
-
Hong
Kong Trade and Industry Department: Amendments to the
"Catalogue of Textile Exports to the US".
-
Chinese
Ministry of Commerce: Distribution plans of Export Licenses
to US and European Union (updated).
-
US
Committee for the Implementation of Textile Agreements
(CITA): Soliciting public comments on NCTO's request
that certain cotton yarns or substitutable yarns be
supplied by US domestic industry under the CBTPA and
ATPDEA.
-
Hong
Kong Trade and Industry Department: China's process
against those issuing export licenses at low prices.
Also, details of quota transfers and US anti-dumping
on Chinese goods including print cloth fabric.
-
Chinese
Ministry of Commerce: Distribution plans of Export Licenses
to US and European Union (updated).
-
US
International Trade Administration: Extension of time
limits for preliminary results of anti-dumping investigations
of Polyester Fibre from Taiwan and Korea.
-
European
Union: 2006 China quota details.
-
Hong
Kong Trade and Industry Department: Application and
issuance of textile export licenses and Turkey’s
safeguard actions on China imports.
-
Chinese
Ministry of Commerce: Distribution plans of Export Licenses
to US and European Union.
-
US
Customs: Confirmation of Sock quota re-opening. Details
of Import Limits as per various trade agreements.
-
Hong
Kong Trade and Industry Department: Details of Export
Licenses to US and Outward Processing to Mainland China.
-
Chinese
Ministry of Commerce: Distribution of Export Licenses
to US and European Union. TOP
|
US-China
Quota Prices already high in hottest categories
Quota prices began already reaching high levels in China.
The same sensitive categories that were embargoed last year
are now subject to highest quota prices. Quota fill rates
are very slowly filling, which is not a surprise in the
first month of the year. This is the first of our new Weekly
Reports on US Quota Prices and Fill Rates. TOP
|
Indonesian
apparel exports to get cash injection
Indonesian apparel exports to the US grew by 18 per cent
in 2005 and could be further boosted by a government loan
initiative to help replace aging machinery. Expensive freight
handling charges are also being cut to stimulate business
but the race is on to save companies from closing. TOP
|
China's
T-shirt sales hit by embargoes
China's T-shirt exports towards the end of 2005 started
to feel the effects of US and European embargoes. Shipments
for the ten months to October were higher compared to 2004
but sales to important markets were lower than during the
first six months of the year. Limits for 2006 are expected
to keep surging supplies from again rocketing. TOP
|
EU
Imports from China could be embargoed from August
EU imports from China could be embargoed as early as August
should shipments remain at 2005 levels. China will need
to ensure its exports are 20 per cent lower than during
2005 in most of the ten limited categories. All will depend
on how fast Beijing allocates export licenses to textile
manufacturers. TOP
|
EU
Imports in Categories 7/8: Shirts
EU imports of men's and women's shirts have seen again surging
shipments from China which is set to replace Bangladesh
as top European supplier in the unrestricted men's category.
However, India is well placed to profit from limited Chinese
supplies in the women's category. TOP
|
Taiwan's
falling denim sales 'rescued' by Jordan
Taiwanese exports of Cotton Denim Fabrics continued declining
into the second half of 2005. By October, shipments were
13.7 per cent less than during the ten months of 2004 despite
lower prices. Interest for the products however remains
high in the US, Nicaragua and in Jordan where importers
bought nearly 300 per cent more than in the previous year.
TOP
|
China
exports of Pullovers slowed down towards end of 2005
Chinese exports of Pullovers have slowed down toward the
end of 2005. Sales continue to remain higher than in 2004
but instability in the US and quotas in Europe have affected
sales. In addition, Pullover shipments to the US will be
limited over the next three years. TOP
|
New
York Cotton Prices at 2 Month High
New York's key March contract closed at a two month high
yesterday. Prices rose from strong buying and a weaker US
dollar. Trading in Pakistan remained modest following the
latest arrival figures suggesting higher prices to come.
Prices remained high in India yesterday despite lower demand.
TOP
|
US
embargoes have not favored Central America
Shipments failed to rally from Central American countries
in embargoed Chinese categories in the last two months of
2005. Imports were below levels a year earlier in certain
categories despite holding onto higher market shares. Asian
and South Asian exporters again realized higher volume from
12 months ago and are investing to improve on performance
in 2006. TOP
|
Taiwan's
exports of polyester filament fabrics surged to US
Taiwanese polyester filament fabrics traded healthily in
the US market during 2005. The exports have benefited from
the end of world quotas at the start of last year as well
as improving sales to China. However, overall shipments
have declined to important markets such as Hong Kong, Brazil
and Mexico with rising prices. TOP
|
Polyester
prices could react to oil surge
Oil prices further rose Friday in New York, ahead of a decisive
week for the Iranian nuclear issue. Prices however fell
this morning in Asia after Saudi Arabia rejected any cut
in production in the short term. Although crude prices significantly
increased in the past two years, polyester filament prices
remained roughly unchanged at the same time in China, on
average. On the shorter term, however, polyester prices
reacted to any significant change in oil prices. TOP
|
EU
Imports in Category 20: Bed Linen
Islamabad is again asking the European Union to suspend
dumping duties on Pakistani Bed Linen, in the wake of the
October earthquake. Pakistan continued being the largest
EU supplier in 2005 but lost market share to Turkey and
China following the continuance of the anti-dumping measures.
Thanks to reinstatement of GSP benefit from 1 January 2006,
sales could partly recover, however. TOP
|
Measures
taken to enhance competitiveness of textile and apparel
Textile, apparel goods and other traditional areas of export
have witnessed a decline after the elimination of WTO quota
system last year. To overcome this situation, Pakistan has
taken several measures to enhance the competitiveness of
its textile and apparel goods. Shaukat Aziz said. TOP
|
Pakistan's
textile exports strong in 2005
Pakistan's textile exports have grown strongly in post-quota
2005 with increased shipments of bed linen, cotton fabrics
and yarns. Pakistan is set for further growth but is troubled
by higher freight charges and production costs. Islamabad
has vowed to invest in the industry whilst also negotiating
free trade agreements with the US and China. TOP
|
Wide
prospects to enhance trade with China in textile sector
seen
Pakistan sees wide prospects to enhance its trade with China
in textile sector, under the Early Harvest Program (EHP)
that came into effect this month. TOP
|
Value
added textile exports registers 61 percent increase
There has been very little investment in the value added
textile sector as compared to other sectors of textile industry
during last five years, although the value added textile
exports registered 61 percent increase in this period. TOP
|
Study
reveals common weakness of eight major Asian textiles
Nearly 50% of global exports of apparel and 80% of Asian
apparel exports are shared by eight major Asian textile
and apparel players, some common problems which act as hurdles
to the growth. TOP
|
Moderate
trade witnessed at Karachi cotton market
Moderate trade was witnessed at the Karachi cotton market
on January 19. More than 4,000 bales changed hands. The
Karachi Cotton Association (KCA) spot rate remained at Rs
2,475 per maund. TOP
|
First
national textile policy to be introduced after budget
Since incentives were given to the textile industry in the
current year’s trading policy, no such policy will
be made public during the announcement of the first national
textile policy. TOP
|
Serious
measures to be undertaken to boost garment export
As exporters of readymade garments and bed lines are facing
difficulties due to imposed antidumping duties by EU nations,
Government has been urged to take serious measures. TOP
|
Cotton
Market experience moderate trade
As the spot rate remained stable throughout the week, the
trade at the Karachi Cotton Market remain normal during
the period where Punjab and Sindh dominated the trade. TOP
|
Farmers
to achieve premium on pollution free cotton
To encourage the farmers and ginners to produce quality
cotton, a scheme has been launched by Ministry of Textile,
under which, producers of pollution free cotton crop. TOP
|
Country
likely to face shortfall of cotton bales
The country is likely to face a shortfall of around 2.5
million cotton bales as phutti (seed cotton) arrivals at
ginneries registered a steep fall of 14.17 per cent at 11.246
million bales compared to last year when the total arrivals
stood at 13.102 million bales. TOP
|
APTMA
to launch another campaign against gas suspension
The All Pakistan Textile Mills Association (APTMA) is on
the verge of launching yet another campaign against the
consistent gas suspension. Although the Textile Ministry
led by Mushtaq Cheema is not ignorant of the textile sector's
persistent agony, officials claim, yet it has failed till
date in prescribing a pain relieving pill for 111 units.
TOP
|
