Page 1

Presented by www.fibre2fashion.com Crude Oil

Purified Terephthalic Acid

In the last fortnight, Crude oil price increased in the global market mainly due to fall in fuel inventories and positive economic data from the U.S.A market. In the second half, Crude oil prices surged due to decline in crude oil and gasoline inventories in the U.S.A and a fall in the value of the U.S.A dollar value. A decline in the value of the U.S.A dollar prompts investors to increase their stakes in dollar-denominated commodities like crude, sending prices higher.

In the last fortnight, the trading atmosphere in PTA market remained firm. During the first half, PTA prices remained stable in Asian markets. In the second half, selling offers for PTA remained stable. In the beginning of the second half, PTA prices slumped down slowly due to cautious attitude from traders. Most of market speculators expected that the demand would pick up in the near future as raw material had provided robust support.

Naphtha In the beginning of the first half of last fortnight, Naphtha prices went up in global market with a bullish support of energy market. In the beginning of the first half of last fortnight, selling offers for Naphtha increased in Asian markets due to improvement in buying sentiment coupled with surge in plastics demand. In the second half of last fortnight, Naphtha prices increased as buying sentiments improved coupled with tight product availability. Ethylene In the last fortnight, selling offers for Ethylene increased significantly. In the beginning of last fortnight, Ethylene prices increased in Asian markets due to bullish sentiment in the upstream market. In the second half of last fortnight, Ethylene prices remained volatile. In the beginning of the second half of the last fortnight, Ethylene sellers were under pressure for price reduction due to poor support from energy market and weak demand from downstream market as well. Paraxylene Monoethylene Glycol In the last fortnight, prices of Paraxylene surged in global market. In the beginning of the last fortnight, PX prices increased due to tight availability of product coupled with gain in market fundamentals. In the beginning of the first half of last fortnight, selling offers for PX went up in Asian market due to firm upstream market and higher feedstock prices. In the second half, selling offers for PX continued to strengthen with dual support from feedstock and robust demand from downstream market.

In the last fortnight, MEG prices increased slowly. In the beginning of last fortnight, MEG market opened with an optimistic sentiment. In the early stage of last fortnight, MEG prices went up in Asian markets mainly with support of firm upstream prices. In the beginning of the last fortnight, MEG prices went up due to optimistic fundamentals and strong support from allied PET raw material. In the beginning of the second half, selling offers for MEG remained steady in European market.

(Jul 1-15, 2013)


Presented by www.fibre2fashion.com Polyester Filament Yarn Polyester filament yarn market presented a soft outlook and prices went down due to subdued demand from the downstream market in the Chinese domestic market. Polyester filament yarn remained dull amid unfavorable market fundamentals during the first half. Polyester filament yarn market continued to follow a downward trend and prices went down further due to sluggish demand from the downstream market in the Chinese domestic market in the second half. PET Chips

Propylene

PET chips market improved but prices remained stable due to moderate demand from the downstream buyers in the Chinese domestic market during the first half of last fortnight. Majority of PET chips producers kept stable offers while few producers lifted offer prices during the period. PET Chips market fluctuated in a narrow range and prices remained almost stable due to sluggish demand from the downstream industry in the Chinese domestic market during the second half.

In early stage of last fortnight, Propylene prices opened with a mixed sentiment. Actual buyers of Propylene stayed apart from market, while traders remained active at intermittent interval as downstream market had a poor response. In the second half, selling offers for Propylene declined. During the second half, buying trend of Propylene remained dull across the global market. Selling offers for Propylene declined in Asian market due to ease of availability. Acrylonitrile In the first half, prices of Acrylonitrile increased mainly due to supply crunch. ACN prices increased because of favorable fundamentals in upstream as well as in downstream markets. Selling offers for ACN surged in Asian markets due to tight regional product availability and firm upstream market. In the beginning of second half, selling offers for ACN exhibited a mixed sentiment in Asian markets due to sluggish buying activity in the region coupled with decrease in feedstock prices.

Polyester Staple Fibre Polyester staple fibre prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the first half of last fortnight. Polyester staple fibre market showed no sign of improvement amid weak market fundamentals during that period. Polyester staple fibre prices remained stable due to sluggish demand from the downstream market in the Chinese domestic market during the second half of last fortnight.

(Jul 1-15, 2013)


Presented by www.fibre2fashion.com Acrylic Staple Fibre Acrylic staple fibre market improved somewhat but prices remained almost stable due to moderate demand from the downstream buyers in the Chinese domestic market. ASF prices remained range bound and prices were stable due to moderate demand from the downstream buyers in the Chinese domestic market during the second half. Acrylic staple fibre USD based import market maintained slight consolidation and trading sentiments remained flat during the period. Prices remained stable in the USD based market.

downstream value during the first half. The prices went down due to weak buying sentiments and high inventory in the regions. In the second half of last fortnight, Benzene market surged due to firm buying sentiments coupled with gain recorded in downstream markets value during that period. Caprolactam CPL market presented soft performance and prices went down due to subdued demand from the downstream buyers during the first half of last fortnight. CPL market trading activities were scarce amid weak market fundamentals during the first half. During the second half of last fortnight in Asian markets, CPL market presented a weak performance and prices went down due to weak demand from the downstream market during that period.

Polypropylene In the last fortnight, selling offers for PP remained stable due to balanced market fundamentals. In the beginning of the first half, selling offers for PP showed mixed sentiments due to poor buying sentiments. In the last fortnight, PP prices were stable. PP market opened with a steady sentiment but bounced back by the end of last fortnight as buying momentum in Asian markets improved. Asian market exhibited mixed sentiment due to correction in feedstock prices.

Nylon Chips In the last fortnight, selling offers for Nylon Chip were range bound. During the first half of last fortnight, Nylon chips market opened with sluggish market fundamentals. Nylon chip downstream converters maintained their plant operation rate at the lower level. Nylon chip producers were uncertain about passing on price hike to end users. In the second half, selling offers for Nylon Chip remained steady due to firm feedstock market. Nylon Filament Yarn

Benzene In Asia, Benzene market followed a downward trend and prices went down due to ample of product availability coupled with a fall in

Nylon filament yarn prices remained stable in tandem with weak feedstock market and lack of support from the downstream buyers in the Chinese domestic market during the first half. Prices were relatively stable due to sluggish market sentiments during the first half and nylon filament yarn market presented modest performance. Nylon filament yarn prices remained stable-to-weak in line with weak feedstock market and lack of support from the downstream industry during the second half.

(Jul 1-15, 2013)


Presented by www.fibre2fashion.com yarn market sentiments remained lackluster and trading momentum was insipid during the first half. Viscose filament yarn market continued to weaken and prices went down due to subdued demand from the downstream market in the Chinese domestic market. Spandex

Cotton Linters & Pulp Cotton linter market presented a soft appearance and prices remained stable due to subdued demand from the downstream cotton pulp market in the Chinese domestic market. Imported dissolving pulp market portrayed a modest performance and prices remained stable during the first half. Cotton linter market improved but prices remained stable in the Chinese domestic market during the second half. Dissolving pulp market showed modest appearance and prices were relatively stable during the period. Viscose Staple Fibre Viscose staple fibre market presented firm sentiments and prices were relatively stable due to moderate demand from the downstream market in the Chinese domestic market. Viscose staple fibre prices went up initially, which stabilized towards the end of the first half. Viscose staple fibre market presented firm sentiments and prices remained stable due to moderate demand from the downstream market in the Chinese domestic market during the second half. Viscose Filament Yarn Viscose filament yarn market showed a soft performance and prices went down due to subdued demand from the downstream market in the Chinese domestic market. Viscose filament

During the last fortnight, Spandex offers opened at the same level, but with the support of firm trading volume, Spandex sellers maintained a stable price. In the Spandex market, prices picked-up marginally in tandem with demand during the second half. In the early stage of last fortnight, firm feedstock prices supported the price gain in Spandex. Spandex sellers kept close eyes on inventories level of downstream consumers while increasing price slowly. Cotton International cotton market remained range bound affected by the volatile macro-economic outlook of U.S market during the first half. No major movement was recorded during the first half. In China, cotton market presented a soft appearance and prices weakened as suppliers faced capital pressure and sluggish market fundamentals during the first half of last fortnight. International cotton market moved up initially and then went down due to weak market fundamentals during the second half. Wool Wool prices went down during the first half of last fortnight in Australia. Buyers for China were dominant, with support from buyers for Europe, India and Korea. Sales were in recess in South Africa until 21 August. Wool prices followed a downward trend during the second half of last fortnight in Australia. Buyers for China were dominant, with support from buyers for Europe, India and Korea.

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

Ms. Pinky Roshan Mobile: +91-990.994.1402 Email: pinky@fibre2fashion.com

(Jul 1-15, 2013)

Market Watch Synopsis of Jul 17_13 Presented By Fibre2fashion  

Market Watch Synopsis of last (July 1-15, 2013) which contain details of Crude Oil, Naphtha, Purified Terephthalic Acid, Ethylene, Paraxylen...