EU
set for a final anti-dumping vote on shoe imports
Although rejected by member states in July, the European
Union Commission has put forward a final proposal for placing
definitive duties on leather shoes imported from China and
Vietnam. Member states have one month to consider the plans
before a legally binding vote which could result in five-year
tariffs. TOP
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Cotton
prices down 85 points in New York
Cotton prices in New York yesterday dived down with the
nearby October contract losing 85 points (0.85 cents). The
market is struggling to remain active given little inspiring
news concerning demand. Physical prices today have eased
a little as a result while there were no changes to spot
prices on Asian domestic markets. TOP |
Polyester
prices could decline in China
Polyester prices could start declining in the coming days,
after raw material costs began retreating in China. Paraxylene
was again down yesterday in Europe and in Asia while PTA
declined in China. There is no sight of a direct confrontation
with Iran that could boost oil prices, in addition. TOP
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Denim
Market begins improving in India
Denim prices began less falling in India as a clear sign
that recession in now over. Production is also recovering
at the same time amid sharp differences between suppliers
of basics and specialists of higher-valued fabrics, our
India Correspondent reports. TOP
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US
Home Textile Imports in First Half 2006 : China vs. India
and Pakistan
The US market for imports of made-ups and home textiles
has continued to grow in the first half of 2006. In made-ups,
China remains dominant and there was good growth from Pakistan.
And while Pakistan accounts for large shares of cotton home
textile categories, both China and India made gains. TOP
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PTA's
rebound pushing up Polyester Prices
The last seven days were dominated by a surprising rebound
in PTA prices that again boosted polyester prices in China.
Although much more stable in the past weeks, MEG could also
rise in the coming period, in line with higher ethylene
prices in Asia, Europe and the United States. TOP
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US
steps up war on illegal textile shipments
The US Wednesday announced an agreement with the Philippines
to cooperate on eradicating the practice of illegal re-shipments
of textile and clothing goods. The move comes as part of
a US clampdown on imports from countries suspected of rerouting
goods made in China, subject to quotas in the US. A joint
strategy is also being pursued by Congress, customs and
US textile manufacturers. TOP
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Wool
Market still driven by strong demand
Wool prices again reflected the current strength in the
market this week with Newcastle sales pushing up prices
to higher levels in Australia. South African prices were
sharply higher for the first session of the new season,
as a clear sign that wool prices will probably not decline
in the short term. TOP |
Latest
Regulations regarding Textile Trade
World Trade Organisation (WTO): Brazil asks for a review
panel regarding US cotton subsidies.
- US Customs and Border Protection: China stage 8 opening
for quotas filled in 2005.
- Hong Kong Trade and Industry Department: Notice concerning
the punishment of companies that fail to pay deposit for
EU/US quotas.
- US CITA: Commercial Availability Request (NAFTA) - modification
of rules of origin for a certain filament yarn.
- OTEXA: Latest textile and apparel quota embargoes.
- Canada: Updated export and import tariff preference level
utilisation.
- Hong Kong Trade and Industry Department: Details regarding
quantitative limits for export to the US and EU.
- US International Trade Commission (USITC): Anti-Dmuping
Duty Investigation on Polyester Staple Fibers from China.
- US Customs: Results of China Stage 7 Opening, Processing
update for Bahrain FTA (textiles), Burkina Faso AGOA Eligible,
Andean Trade Promotion and Drug Eradication Act: Modifications.
- Office of the US Trade Representative (USTR): Burkina
Faso AGOA Eligibility.
- US Customs: US-Bahrain Free Trade Agreement - Trade Preference
Levels.
- Office of the US President: Implementation of the US-Bahrain
FTA.
- Hong Kong: Change to certain textile export codes for
US market and notice for bidding for export quotas to US/EU.
TOP
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US
Imports of Brassieres (349/649): China resists quotas
China retains the largest share of the US import market
for brassieres in categories 349/649 despite being restricted
by quotas. However, volumes have fallen while shipments
from Indonesia and Thailand increased as did those from
Bangladesh which dominated the low-cost end of the market.
But shipments from Central America continue to struggle.
TOP
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EU
First Quarter Clothing Imports from Romania
EU knitted and woven clothing imports from Romania were
lower in the first quarter. However, the decreases were
less severe than a year ago. Also, a move to higher pricing
meant that the value of several items actually increased.
Italy, despite lower imports, remains the largest destination.
Several other leading markets also took in less. TOP |
US
Congress urged to extend Africa's fabric provisions
The US Congress has been urged by a coalition of trade associations,
businesses and pressure groups to extend the so-called "third
country fabric provision" that benefits African countries.
The group is concerned that the present arrangement, due
to be scrapped in 2007, will further reduce US apparel imports
from sub-Saharan African countries. TOP
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US
Babywear Imports in Jan-May 2006: China consolidates dominance
US Babywear imports in January to May continued to increase
while unit prices overall rose just a fraction. Shipments
were dominated by China and with higher volumes saw its
share further improve. There were also higher imports from
Bangladesh, India and Vietnam at the expense of lower supplies
from Thailand, traditionally a key player on the US babywear
market. TOP
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Yarn
Prices on the International Market
Prices of spun polyester yarns from China are sharply rising
on the international market, as a result of the current
surge in PSF prices. Prices of spun viscose yarns made in
India are also increasing, mainly due to heavy rains that
are disrupting production. Prices of cotton-acrylic yarns
from India or polyester-viscose yarns from Indonesia are
also increasing, as clearly indicated in our statistical
Price Report. TOP
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Viscose
Prices further declining in China
Viscose staple fiber prices are now declining in China,
in line with lower demand for viscose textiles in this part
of the year. VSF prices could further decrease in the coming
weeks, while filament yarn prices could be stabilized by
lower domestic production. China's viscose exports began
this year surging, after production declined in the United
States and the European Union. TOP
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US
importers pay high duties for Asian denim trousers
US import duties continue to make their presence known on
shipments of denim trousers from Asia. Over 16 per cent
was added to the value of the imported items from countries
such as China, Bangladesh and Indonesia. However, other
suppliers benefiting from preferential market access saw
less than 1 per cent additional cost. TOP
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Caprolactam
surge boosts Nylon Prices
Nylon prices are significantly increasing in Asia after
caprolactam prices began surging in the past ten days. Chips,
filament yarns and staple fibers should further rise in
the near term. A new increase in oil and benzene prices
could give more support to the upward trend. TOP
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US
Apparel Imports in First Half 2006
China' share of total US apparel imports declined in the
first half this year, as a result of new US quotas. In addition
to a rebound in shipments through Hong Kong and Macau, US
limits mainly benefited Bangladesh, Indonesia, Vietnam and
Cambodia. Central America was clearly on the decline, mainly
due to gradual and very slow implementation of the CAFTA.
TOP
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China's
exports of denim fabrics are less strongly rising
China's denim exports less strongly rose in the first half
this year, possibly reflecting lower global production of
denim jeans. Sales to a few destinations surged, including
Vietnam and Egypt, while Hong Kong continued attracting
the largest share of shipments from the Mainland before
they were mainly re-exported to clothing plants in China.
TOP
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China's
Exports of Polyester Filament Fabrics curbed by EU and US
protections
China delivered less dyed polyester filament fabrics in
the first part of the year, reflecting the decisive impact
of EU's anti-dumping duties and of US quotas. Sales to Pakistan,
Mexico, Bangladesh and Vietnam however surged. Prices were
again lowered although raw material costs jumped in China.
TOP
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Spandex
prices are surging in China
Spandex prices dramatically surged in the last weeks in
China and they are expected further increasing. As expected,
very high anti-dumping duties are offering domestic suppliers
the opportunity to raise their prices and get larger profits.
Raw material costs were also on the rise, including PTMEG
and MDI prices. TOP
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China's
T-shirt exports grow despite poor US sales
China's T-shirt exports continued to grow in the first six
months despite poor sales to the United States and the European
Union. With shipments to these two markets limited by quotas,
Chinese exporters have instead focused on developing existing
and newer markets. Exports to Romania surged as a result.
Value is also an important target with unit prices rising
over 11 per cent. TOP
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US
Senator blocks Vietnam trade legislation
Fearing a surge in cheap imports, a US lawmaker has placed
a delay on legislation granting Permanent Normal Trade Relations
to Vietnam. Although Monday saw an influential Senate Committee
approve the agreement, Senator Elizabeth Dole is possibly
seeking an extension of quotas before agreeing to the legislation.
She is also concerned over the possibility of illegal transshipments
from China. TOP
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EU
anti-dumping on shoe imports again rejected by Member States
EU member States last week rejected a new proposal for imposing
definitive anti-dumping duties on leather shoes from China
and Vietnam. A widening gap is opposing liberal and protectionist
countries that could finally weaken EU's anti-dumping policy
in the future. TOP
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China's
Fraud on Country of Origin could explain low Quota Fill
Rates
Confusion is now dominating the quota market in China. While
Beijing is harshly reforming the way quotas are allocated
on the internet, there are growing suspicions that a large
number of exporters deserted the use of domestic quotas
this year to the advantage of illegal trading under faked
certificates of origin. TOP |
EU
Imports of Denim Jeans in First Quarter 2006
Imports of cotton denim trousers into the European Union
surged from a number of suppliers including Hong Kong during
the first quarter. At the same time, quotas on China have
sent its shipments plunging 75 per cent. As a result, Bangladesh
has consolidated its position as leading supplier. There
were also big gains for Indonesia, Malaysia and Vietnam
- all now focusing on the lower value end of the market.
TOP
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Asia
pays a high price for accessing the US apparel market
US tariffs are still making a strong difference for accessing
the apparel market. While an extra-cost of up to 22% is
added to products from Asia, shipments from other regions
are only subject to import duties averaging 0.1% to 3% of
their original value, by contrast. The statistical tables
we publish offer a clear indication of the difference in
treatment among supplying countries. TOP |
Higher
PTA prices in sight in Asia
Polyester prices are expected further rising in China amid
increasing resistance from the domestic textile industry.
The polyester industry is forced reducing its operating
rates, however, while raw material costs may again be up,
especially PTA. TOP
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PM
approves restructuring of Pakistan Central Cotton Committee
Prime Minister Shaukat Aziz has approved the restructuring
of Pakistan Central Cotton Committee (PCCC) to make it a
more efficient, viable and independent organization geared
to improve the growth, marketing and the manufacture of
cotton. TOP |
Export
of textile products declines by 7.80 pct
The export of textile products declined by 7.80 per cent
to $784.273 million during the first month of the fiscal
year 2006-07 as against $850.614 million during the same
month last year. TOP
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Textile
exports targeted at US$6.5 bln in current fiscal
Exporters are gearing up to reach profits of anywhere between
US$6 billion and US$6.5 billion in the current fiscal year.
TOP
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Value-added
textile sector unhappy with package
Value-added textile sector were unhappy with the textile
package as they had been ignored in the package by not allowing
them research and development support. TOP
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Raw
cotton consumption increasing 4 pct per annum
The raw cotton consumption by the domestic textile industry
has been increasing at a rate of four per cent per annum
from the last one and half decades. TOP
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Textile
exports likely to receive setback
A Bangladesh task force has recommended new package of incentives
that includes tax holidays to make its textile industry
more competitive. Pakistan’s textile and clothing
exports are likely to receive another setback due to this.
TOP
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Textile
exporters and industrialists demand release of stuck-up
funds
Textile exporters and industrialists have demanded release
of billions of their stuck up funds in deferred sales tax
claims as well as duty drawback denial on duty paid stocks
extant in August 2005. TOP
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Women
could play an important role in textile industry
Women could play an important role for the promotion of
the textile industry in Pakistan; Federal Minister for Textile
Industry Mushtaq Ali Cheema said. TOP
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Pakistan
hosting first Fashion Week
Pakistan is going to host its first inventive fashion week
and Designers are taking positive steps to set up a Fashion
Council to promote fashion as an industry in Pakistan. TOP
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Textile
exports likely to receive setback
A Bangladesh task force has recommended new package of incentives
that includes tax holidays to make its textile industry
more competitive. Pakistan’s textile and clothing
exports are likely to receive another setback due to this.
TOP
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‘Instyle
Pakistan 2006’ to be held from Sept 21-23
The 3rd International Textile and Garments Exhibition, ‘Instyle
Pakistan 2006’ has been organised at the Karachi Expo
Centre from September 21-23, 2006, industry sources said
here on August 22.
Sources also added that the international buyers has been
invited by the federal minister for Ministry of Textile
Industry, Mr Mushtaq Ali Cheema to attend the fair.
Further it was cleared that the notable buyers who have
been invited by the Ministry include El Corte Ingles, Kenneth
Cole, Laura Ashley, Carrefour, Auchan International, John
Lewis Partnership, JC Penny, Sainsbury’s, Kaufhof
Warenhaus AG, Galeries Lafayette, Target Corporation and
Zara Home.
However retail chains from US and Europe like Mothercare,
NEXT and Fruit of the Loom has already confirmed their participation
in the fair.
During the year 2006, the textile and garment industry has
contributed 62 percent of the exports from the country and
around US $ 6 billion has been invested in the sector in
last seven years.
The Ministry of Textile Industry, Board of Investment, Pakistan
Textile Exporters Association, Pakistan Readymade Garment
Manufacturers & Exporters Association are some of those
who are supporting the event. TOP
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