Prices have been continuously rising for items of re-exported Hong Kong clothing and clothing accessories. US importers are paying more for these products than they did in June. Shipments increased during July but seem to be slowing down. Latest details on Hong Kong's clothing re-exports show prices are continuing to rise with the US paying more per item than in previous months and also above the world average. UK paying below average Following a month-on-month upward trend, the average wor

The European Commission says EU nations are nearing a consensus on unblocking millions of euros worth of Chinese garments that have been held up at Europe's borders. The commission said Wednesday there was a strong consensus among member states that the current situation needs to be resolved as rapidly as possible, and that blocked goods need to be unblocked. The EU executive office needs a majority vote from the trade bloc's 25 nations to change import limits. The EU stopped issuing import lice

U.S. and Chinese negotiators failed to reach an agreement on Wednesday to stem China's surging exports of low-cost clothing to the United States but U.S. officials said the two sides were continuing to talk. Negotiators had hoped to strike a deal so it could be blessed by presidents Hu Jintao and George W. Bush when they meet at the White House next Wednesday. Cass Johnson, president of the U.S. National Council of Textile Organizations, told Reuters that negotiators had not even narrowed the

Brussels is ready to take ?ainful?decisions to free-up Chinese clothing imports blocked by EU textile quotas at Europe? ports. European Trade Commissioner Peter Mandelson warned that a June 10 EU-China deal struck could be endangered if the clothes were not released. The EU executive is concerned that unless growing mountains of textile products are quickly cleared bitter conflicts could erupt betweennational capitals. Trade decisions taken at the European level are jealously guarded by EU

European chemical major BASF AG is going to expand the capacity of its naphtha steam cracker at its site in Antwerp, Belgium. The expansion project will be conducted during the next regular turnaround of the plant scheduled for the fall of 2007 to avoid any additional shutdown. The investment of about ?00 million will raise ethylene capacity from 800,000 metric tons per year to 1.08 million metric tons per year ?making the plant the largest single-train steam cracker in Europe. ?he expansion of

Dormagen based embodiment of textile elasticity firm Dorlastan Fibers GmbH has added Dorlastan Black to its product range. This new spandex fiber prevents unacceptable grin-through in dark fabrics, regardless of which other fibers they contain. Separate overdyeing of the spandex fiber is therefore unnecessary where the dyes only stain the non-elastic fibers. Dorlastan Black also prevents grin-through in elastic combination yarns containing dark dope-dyed hard fibers such as polyester, polyamide

BEIJING: China struck a positive note yesterday about the chances of a deal with the United States over its surging textile exports even as the European Union wrestled with proposals to unblock 80 million Chinese garments piling up at EU customs posts. A wave of textile exports since the abolition of global quotas on January 1 has underlined China's prowess as the world's cheapest mass manufacturer and sent politicians on both sides of the Atlantic scrambling to placate endangered domestic pro

Largest integrated energy and chemical companies, China Petroleum & Chemical Corporation (Sinopec Corp) announced its financial results for the first half of fiscal year 2005. Under IFRS, the turnover and other operating revenues of the Company totaled RMB 368.45 billion (US$44.50 billion), an increase of 31.85% over the first half of 2004. Profit attributable to equity holders of the parent amounted to RMB 19.65 billion (US$2.37 billion), an increase of 17.36% over the first half of 200

Czech statistical office presented the retails sales results for June 2005.Seasonally adjusted retail sales (CZ-NACE 52) grew by 0.1% m-o-m at constant prices. The trend component rose by approx. 0.2% m-o-m, its growth remained roughly at the level of May.Not seasonally adjusted sales at constant prices have been increasing y-o-y for last nineteen months, and the growth in June reached the same level as the average for last 12 months (3.0%). Sales of non-food goods were up by 3.5% and of food, b

LONDON -- The European Union (EU) Trade Commissioner Peter Mandelson said on Sunday that he will on Monday propose to end a trade dispute which has stopped millions of items of Chinese clothing from entering Europe. "I'm making proposals, the Commission is making proposals to our member states... to begin the proceedings to unblock all the goods currently held at customs," Mandelson said in an interview with the BBC News 24. "And if they cooperate I believe that we will be able to unblock all th