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Presented by www.fibre2fashion.com Crude Oil

Purified Terephthalic Acid

In the last fortnight, crude oil prices went down due to fall in U.S.A equity indices. Crude oil prices declined by the end of the last fortnight, which were triggered by the fuel inventory report brought out by the American Petroleum Institute (API) which stated that crude oil inventories surged. In the second half of last fortnight, Crude oil prices increased due to decline in U.S gasoline inventories coupled with a fall in the value of the U.S dollar.

In the last fortnight, PTA prices went down clearly. During the first half of the last fortnight, selling offers for PTA declined in Asian market due to softening demand coupled with poor feedstock price. In the beginning of the second half of last fortnight, PTA prices increased in Asian markets due to firmer feedstock values coupled with improved demand from downstream market. In European market, selling offers for PTA remained stable. In U.S.A market, selling offers for PTA kept steady.

Naphtha In the last fortnight, Naphtha prices were steady due to firm energy market. In the first half, Naphtha price opened with steady sentiment in Asian market. In N W European market, trading volume declined. Naphtha sellers preferred to hold offers due to multiple unplanned outages while downstream buyers tried to pull down offers with support of bearish downstream demand. During the second half, Naphtha prices increased in global market because of firm energy market coupled with improved the demand. Ethylene In the last fortnight, Ethylene prices declined due to poor energy market. In Asian market, prices of Ethylene decreased due to sluggish buying sentiments coupled with subdued demand from downstream players. In the second half of last fortnight, selling offers for Ethylene went down. Selling offers for Ethylene declined in Asian market, due to bearish buying sentiments coupled with dull downstream demand. In European domestic market, selling offers for Ethylene went down. Paraxylene Monoethylene Glycol PX prices declined during the first half. In the beginning of the fortnight, PX price declined in Asian market due to weakening demand from downstream market. PX price declined in U.S.A market due to bearish market fundamental. In the second half, PX prices increased due to improved demand. Selling offers for PX surged in Asian markets due to bullish buying sentiments in the region. In European market, selling offers for PX went down due to bearish buying sentiments coupled with poor demand which supported the price decline.

In the last fortnight, MEG prices went up. During the first half of this last fortnight, MEG market opened with an optimistic sentiment. In Asian markets MEG prices increased due to higher feedstock price coupled with improved demand from the downstream market. In early period of second half of the last fortnight, MEG price increased in Asian market due to surged in feedstock values coupled with improved downstream demand.

(Mar 15 - 31, 2014)


Presented by www.fibre2fashion.com Polyester Filament Yarn Polyester filament yarn market presented soft outlook and prices declined due to subdued demand from the downstream market in the Chinese domestic market. Polyester filament yarn prices went down due to lack of support from the downstream buyers and weak market fundamentals during the first half. Polyester filament yarn market improved somewhat but prices remained stable as downstream demand recovered slowly in the Chinese domestic market during the second half. PET Chips

Propylene

PET chips market showed soft outlook and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the first half of the last fortnight. PET fibre chips market improved and prices went up due to robust demand from the downstream buyers in the Chinese domestic market during the second half of last fortnight. In the USD based market, polyester chips prices went up marginally.

In the beginning of the last fortnight, propylene price went down. In Asian markets selling offers for Propylene price declined due to weak downstream demand. During the last fortnight, selling offers for propylene went down with poor energy market. In the second half, propylene price declined in Asian market due to continued high Propylene inventory levels in key markets like China. In European market, selling offers for Propylene declined due to weak downstream demand in the region Acrylonitrile In the last fortnight, ACN prices went down in global market apart from S E Asian market. Selling offers for ACN in European market declined due to bearish buying sentiments. In the beginning of second half of last fortnight, selling offers for ACN declined in Asian market due to dull regional buying sentiments and weak feedstock prices. Selling offers for ACN kept inert in European market due to firm energy market. In U.S.A market, selling offers for ACN declined due to poor demand in the region.

Polyester Staple Fibre Polyester staple fibre market maintained a soft outlook and prices went down due to subdued demand from downstream market in the Chinese domestic market during the first half. Polyester staple fibre market maintained a weak tone and prices declined due to lack of support from the downstream buyers and unfavourable market fundamentals during the first half. Polyester staple fibre market continued to maintain a soft appearance and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the second half.

(Mar 15 - 31, 2014)


Presented by www.fibre2fashion.com Acrylic Staple Fibre Acrylic staple fibre market showed modest outlook and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market. Acrylic staple fibre market remained range bound and prices were almost stable as downstream demand failed to improve with market during the first half. Acrylic staple fibre market showed modest outlook and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market during the second half.

In the Rotterdam market, Benzene prices surged up due to tight product availability in the region coupled with the gain reported in the energy value during the first half. In the second half, Benzene market improved and prices went up due to robust buying sentiments and back of the gain recorded in the Benzene value in the U.S.A market during the second half. Caprolactam CPL market showed soft outlook and prices went down due to sluggish demand from the downstream buyers during the first half of the last fortnight. CPL prices went down in tandem with weak feedstock market and bearish market fundamentals during the first half. During the second half of last fortnight in Asia, CPL market continued to show weak appearance and prices further declined due to subdued demand from the downstream buyers and weak market fundamentals during the period.

Polypropylene In the beginning of the first half of the last fortnight, PP prices opened with steady sentiments due to firm energy market. In the beginning of this last fortnight, selling offers for PP remained steady in Asian market. In the second half of last fortnight, PP price remained steady. In Asian market, selling offers for PP remained stable due to mute buying sentiments. In European market, selling offers for PP remained steady due to mute buying sentiments.

Nylon Chips In the last fortnight, nylon chips prices went down at steady pace. During the first half of this last fortnight, overall demand remained weak in the Chinese domestic market. Overall, demand for nylon chips slowed down, due to weakness in global macroeconomic factors and due to ample of availability of raw material. During the second half of the last fortnight, nylon chips price went down further due to dull demand and high inventories. Nylon Filament Yarn

Benzene In Asian market, Benzene market presented a soft outlook and prices went down due to subdued demand from the downstream buyers and weak market fundamentals during the period.

Nylon filament yarn market presented a soft outlook and prices went down due to subdued demand from the downstream buyers in the Chinese domestic market during the first half. Nylon filament yarn market maintained a weak consolidation and prices declined due to weak demand from the downstream buyers and weak market fundamentals during the first half. Nylon

(Mar 15 - 31, 2014)


Presented by www.fibre2fashion.com filament yarn market maintained a weak tone and prices declined due to lack of support from the downstream buyers and weak feedstock market during the second half.

Viscose Filament Yarn Viscose filament yarn market presented modest outlook and prices were relatively stable due to subdued demand from the downstream buyers in the Chinese domestic market. Viscose filament yarn market consolidated as downstream buyers showed no high enthusiasm in buying and purchased goods on need-to-basis on rigid demand during the first half. Viscose filament yarn market recovered and prices were relatively stable due to moderate demand from the downstream buyers in the Chinese domestic market. Spandex

Cotton Linters & Pulp Cotton linter market showed weak appearance and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market. Imported dissolving pulp market showed soft outlook and prices remained stable-to-soft due to subdued demand from the downstream market during the first half. Cotton linter market showed weak appearance and prices were relatively stable due to subdued demand from the downstream market in the Chinese domestic market during the second half. Imported dissolving pulp market showed modest outlook and prices were relatively stable due to subdued demand from the downstream buyers during the second half. Viscose Staple Fibre Viscose staple fibre market showed soft performance and prices went down due to subdued demand from the downstream buyers during the first half. Viscose staple fibre market maintained weak tone and prices kept falling amid lack of demand from the downstream buyers and unfavourable market fundamentals during the first half. Viscose staple fibre market continued to maintain a weak tone and prices went down due to subdued demand from the downstream buyers in the Chinese domestic market during the second half.

In the last fortnight, Spandex market remained steady. During the first half of the last fortnight, Spandex buyers started buying in small volume for inventory purpose but firm stance of sellers forced them to adopt a counter stance of wait and watch. In the second half of last fortnight, deadlock situation continued in Spandex market and prices remained unchanged. By the end of the last fortnight, sellers remained optimistic for future demand. Cotton International cotton market fluctuated and prices remained range bound during the first half. China cotton market maintained a weak tone and prices remained stable due to subdued demand from the downstream buyers and weak market fundamentals during that period. In India, cotton market maintained stable trend due to unchanged market fundamentals, and the financial year ending time during that period. International cotton market fluctuated in a narrow range and prices remained range bound during the first half of the last fortnight. Wool Wool market followed a downward trend in Australia market during the first half of last fortnight. Wool market continued to follow a downward trend in Australia market during the second half of last fortnight.

Contact us to get the complete latest issue of the report:

Ms. Pinky Roshan Mobile: +91-990.994.1402 Email: pinky@fibre2fashion.com (Mar 15 - 31, 2014)

Market Watch Synopsis Apr 02_14  

Market Watch Synopsis of last (March 15-31, 2014) which contain details of Crude Oil, Naphtha, Purified Terephthalic Acid, Ethylene, Paraxyl...

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