Fabric News for the 3rd Week of December 2024

Fabric News for the 3rd Week of December 2024
  1. Chemical fiber prices

Item

Price

Unit

Net Chg

Polyester Staple Fiber

6990

Yuan/ton

+0.57%

Polyester POY

6750

Yuan/ton

+1.12%

Polyester FDY

7325

Yuan/ton

+0.34%

Polyester DTY

8125

Yuan/ton

-1.23 %

Nylon POY

15000

Yuan/ton

+1%

Nylon FDY

15750

Yuan/ton

+0.67%

Nylon DTY

17400

Yuan/ton

+0.57%

40D Spandex

24000

Yuan/ton

0%

Viscose Staple Fiber

13750

Yuan/ton

0%

Viscose Filament Fiber

44500

Yuan/ton

0%

Acrylic Staple Fiber

14485

Yuan/ton

0%

 

  1. Cambodian Deputy Prime Minister and Minister of Finance and Economics, Amphon Monira, recently stated that the Ministry of Finance and Economics predicts that Cambodia's economic growth rate will reach 6% in 2024. This growth is mainly due to the continued expansion of export-oriented industries, especially the clothing industry.

 

  1. According to the latest report from the Cambodian General Administration of Customs, the export value of Cambodian clothing and footwear products reached 10.64 billion US dollars in the first 11 months of this year, a year-on-year increase of 26%. The report points out that the export value of clothing and apparel products reached 9.13 billion US dollars, a year-on-year increase of 26%; The export value of footwear products reached 1.51 billion US dollars, a year-on-year increase of 24%. The export value of knitted and apparel products (HS61) reached 6.11 billion US dollars, a year-on-year increase of 23%; The export value of non knitted clothing (HS62) reached 2.83 billion US dollars, a year-on-year increase of 33%; The export value of other textiles (HS63) reached 190 million US dollars, a year-on-year increase of 37%.

 

  1. On December 13, 2024, the United States International Trade Commission (ITC) voted to initiate a 337 investigation (investigation code: 337-TA-1428) into Certain Women's Flats with Colored Outsoles There of.

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