Fabric News for the 2nd Week of December 2024

Fabric News for the 2nd Week of December 2024
  1. Chemical fiber prices

Item

Price

Unit

Net Chg

Polyester Staple Fiber

6950

Yuan/ton

-0.43%

Polyester POY

6675

Yuan/ton

+0.37%

Polyester FDY

7300

Yuan/ton

+0.34%

Polyester DTY

8225

Yuan/ton

0%

Nylon POY

14900

Yuan/ton

+1%

Nylon FDY

15750

Yuan/ton

0%

Nylon DTY

17300

Yuan/ton

+0.58%

40D Spandex

24000

Yuan/ton

0%

Viscose Staple Fiber

13750

Yuan/ton

-0.44%

Viscose Filament Fiber

44500

Yuan/ton

0%

Acrylic Staple Fiber

14485

Yuan/ton

0%

 

 

  1. On December 2, 2024, the US Department of Commerce issued a notice initiating the first anti-dumping and countervailing sunset review investigation into polyester textured yarn imported from China and India. At the same time, the United States International Trade Commission (ITC) has initiated the first anti-dumping and countervailing sunset review industry injury investigation on polyester processing yarn imported from China and India, examining whether the substantial damage caused by the import of the involved products to the domestic industry in the United States will continue or occur again within a reasonable foreseeable period if the current anti-dumping and countervailing measures are lifted. Stakeholders shall register their responses with the US Department of Commerce within 10 days from the date of this announcement. Stakeholders should submit their responses to the US International Trade Commission by January 2, 2025, and provide comments on the adequacy of their responses to the case no later than February 12, 2025.

 

  1. On November 30th, the Cambodia China Daily and the Cambodia Chamber of Commerce for Luggage and Leather (CTLA) signed a strategic cooperation agreement in the presence of Minister of Commerce Zhannimo. On the basis of friendly consultation, both parties have reached an agreement aimed at promoting a cooperative relationship of equality, mutual benefit, resource sharing, mutual benefit and win-win, and common long-term development.

 

  1. On November 11th, the China Myanmar Textile and Clothing Modern Craftsman College (hereinafter referred to as "Modern Craftsman College") held its unveiling ceremony and the graduation ceremony of the first clothing sewing worker training course in Mandalay, Myanmar, marking a new stage of cooperation between Guangxi Vocational and Technical College of Economics and Trade and the Ministry of Industry of Myanmar in the field of textile and clothing. Myanmar's Minister of Industry, Charledan, delivered a speech via video. Wu Dengte, Minister of Economy and Trade of Mandalay Province in Myanmar, and Luo Shengfang, President of Guangxi Vocational and Technical College of Economics and Trade, attended the event and delivered speeches.

 

  1. On December 5, 2024, the US CPSC announced a recall of oven gloves from China.The recalled product this time is QVC imported Temp tones oven gloves. The product comes in multiple colors and models are: K51459, K76398, K47973, K48879, K85322, K96004, K92603, K308719, K309220, K309388, K309516. The product is made of cotton and elastic fibers, with varying sizes. The label "Tara Temptations" is printed on the inside of the gloves. The product may not provide sufficient heat protection, posing a risk of burns to consumers.

 

  1. On December 6, 2024, the WTO Committee on Safeguards released the safeguard measures notification submitted to it by the Jordanian delegation. On December 1, 2024, at the request of a Jordanian manufacturer, the National Production Protection Agency (NPPD) of the Jordanian Ministry of Industry, Trade and Supply initiated a safeguard investigation into imported Safety and protective footwear. The investigation period for this case is expected to be from 2020 to 2023 and the first half of 2024. The tax numbers of the products involved are 6402, 6403, 6404, and 6405.

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