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Presented by www.fibre2fashion.com Crude Oil

Purified Terephthalic Acid

In the first half of last fortnight, selling offers for Crude oil increased due to a fall in crude and distillate inventories in U.S.A and a decline in the value of the US dollar. At the end of last fortnight, the decline in prices was also a result of speculation that the US Federal Reserve may curb its stimulus policy. In the second half of last fortnight, Crude oil prices turned softer, despite of fall in unemployment benefit claims in the U.S.A.

In the last fortnight, PTA market went through a dead lock situation and hence, prices did not change much. In the first half of last fortnight, PTA prices opened without any change from closing mark of previous fortnight. PTA prices were quite stable due to balanced market fundamentals. Buyers and sellers both maintained their firm stance of wait-and-watch. During the second half of last fortnight, PTA market was dull due to an ease of availability.

Naphtha In the beginning of the first half, Naphtha price increased mainly due to optimistic demand from downstream. In the second half, Naphtha prices declined as buyers avoided buying due to ease of availability. In Asian markets, increase in supply from Indian refineries added bearish tone in the market sentiment. European Naphtha market had also faced dull sentiment where petrochemical companies were reluctant in purchasing Naphtha due fear of bearish future trend in downstream markets. Ethylene During last fortnight, selling offers for Ethylene improved at a slow and steady rate, buying pulse remained lively in Ethylene market due to optimistic buyers and traders, and declined availability. Selling offers for Ethylene, in the European international market, improved due to increase in feedstock prices. In the last fortnight, selling offers for Ethylene went up. In early second half, Ethylene prices went up in the global market along with Asian market due to improved buying trends in the region. Paraxylene Monoethylene Glycol In the last fortnight, PX prices slipped down due to poor support from upstream and downstream markets. In the early period of last fortnight, market sentiments were uncertain because of bearish health of European and U.S.A economies. In the second half, PX prices continued to move down. Downstream buyers were highly cautious as their margins were squeezed. In Asian markets, selling offers for PX declined in Asian markets due to plunged in feedstock price.

In the last fortnight, selling offers for MEG surged marginally. MEG prices went up in Asian markets due to tight availability and robust demand. In the second half of last fortnight, MEG market kept fluctuating. The prices continued to inch down during the second half. For price reduction, market players blamed the weak demand and higher inventories. Overall, in the second half of last fortnight, MEG offers were fluctuating in a narrow range.

(Jun 15 - 30, 2013)


Presented by www.fibre2fashion.com Polyester Filament Yarn Polyester filament yarn market presented a modest performance and prices remained stable due to bearish financial market in the Chinese domestic market. Polyester filament yarn market recovered somewhat but prices remained unchanged due to weak market outlook during the first half. Polyester filament yarn market presented a modest appearance and prices remained almost stable due to moderate demand from the downstream market in the Chinese domestic market. PET Chips

Propylene

PET chips market fluctuated in a narrow range and prices remained stable due to sluggish demand from the downstream buyers in the Chinese domestic market during the first half. PET chips prices kept shivering amid weak macroeconomic outlook and weak demand from the downstream market during that period. PET Chips market presented a stable-to-soft stance and prices remained almost stable due to subdued demand from the downstream industry in the Chinese domestic market during the second half.

In the first half, selling offers for Propylene showed a mixed sentiment as buyers did not respond to costlier offers assertively. However, sellers were also not willing to decline offer rate, as availability was bit tight. In the second half, Propylene prices opened with a stable sentiment. Propylene market speculators in Asia expected a firm price hike in the near future due to optimistic market fundamentals but stable sentiment in rest of the world market pull back the rally. Acrylonitrile In the last fortnight, selling offers for ACN increased in global market. In the beginning of the first half, ACN sellers successfully drove the price higher in Asian markets due to tight product availability on one hand coupled with improved downstream demand. In the second half of last fortnight, ACN offers opened with a firm sentiment and went up. In the European market, selling offers for ACN surged due to gain in feedstock prices.

Polyester Staple Fibre Polyester staple fibre prices remained stable due to lack of support from the downstream market in the Chinese domestic market during the first half. Polyester staple fibre market improved initially stimulated by the replenishment after Dragon boat festival, but downstream buyers were not able to follow-up with the high prices and market cooled down towards the end of the first half. Polyester staple fibre prices remained stable-to-soft in the Chinese domestic market during the second half.

(Jun 15 - 30, 2013)


Presented by www.fibre2fashion.com Acrylic Staple Fibre Acrylic staple fibre market consolidated and prices remained almost stable due to subdued demand from the downstream buyers in the Chinese domestic market. Acrylic staple fibre market sentiments remained lackluster amid unfavorable market fundamentals during the first half. ASF prices maintained moderate consolidation and prices were stable due to sluggish demand from the downstream buyers in the Chinese domestic market during the second half.

demand coupled with a fall recorded in the downstream value during that period. The prices declined were supported by a drop in Benzene value in U.S.A and Europe market. In the European market, Benzene prices declined due to lack of support from the downstream buyers and ample product availability in the region. Caprolactam CPL market showed a firm appearance and prices increased due to robust demand from the downstream buyers and tight supply during the first half. Majority of CPL suppliers lifted their offer prices during that period. On the other side, downstream buyers showed modest interest in buying and replenished stocks during the first half of last fortnight. CPL market sentiments remained bearish and market participants were less optimistic about market outlook during the second half.

Polypropylene In the last fortnight, the prices of PP increased in global markets. In the beginning of the first half, selling offers for PP increased mainly due to bullish feedstock prices. In the second half, PP market remained substantially firm due to multiple outages in Asian region. Trading volume in PP market remained highly thin but due to supply crunch, sellers successfully retained higher price level in PP market. Overall, in Asian market, the demand for PP was firm.

Nylon Chips In the last fortnight, selling offers for Nylon Chip increased at a slow and steady pace. In the early first half of, offers for Nylon Chip warmed up in Asian market as trading sentiment heated up in line with firm feedstock market. Overall purchase of Nylon Chip was still insufficient but speculator remained optimistic for short term demand. In the second half, Nylon chip prices were steady as deadlock between buyers and sellers continued. Nylon Filament Yarn

Benzene In Asia, Benzene market remained stable due to moderate demand from the downstream market during the first half. In the second half, Benzene market declined sharply due to subdued regional

Nylon filament yarn prices remained stable-to-up in line with the firm cost pressure in the Chinese domestic market during the first half of last fortnight. Nylon filament yarn market showed signs of improvement but downstream demand failed to follow up with market during the first half. Nylon filament yarn prices were relatively stable due to lack of support from the downstream buyers and unfavorable market fundamentals during the second half.

(Jun 15 - 30, 2013)


Presented by www.fibre2fashion.com downstream buyers and weak market fundamentals during the first half. In the second half, Viscose filament yarn market continued to soften and prices went down due to subdued demand from the downstream market in the Chinese domestic market. Spandex

Cotton Linters & Pulp Cotton linter market portrayed a soft outlook and prices remained stable due to subdued demand from the downstream cotton pulp market in the Chinese domestic market. Imported dissolving pulp market showed soft appearance and prices remained stable during the period. Cotton linter market showed a modest outlook and prices remained stable-to-soft in the Chinese domestic market during the second half. Dissolving pulp market sentiments remained lackluster and buying activities were quite. Viscose Staple Fibre Viscose staple fibre market presented a firm outlook and prices went up due to robust demand from the downstream market in the Chinese domestic market. Viscose staple fibre market improved as majority of producers sold goods in advance during the first half. Viscose staple fibre market continued to follow an upward trend and prices went up due to rigid demand from the downstream market in the Chinese domestic market during the second half. Viscose Filament Yarn Viscose filament yarn market presented a soft appearance and prices went down due to subdued demand from the downstream market in the Chinese domestic market. Viscose filament yarn prices plunged amid lack of support from the

In the last fortnight, Spandex market sentiment remained stable. In the beginning of the first half, spandex sellers adopted a firm stance of waitand-watch as buying enthusiasm weakened. Prices of Spandex remained firm in Chinese domestic market. At the end of the second half, prices remained unchanged because sellers hold the goods with expectation of better returns, while buyers were not willing to pay higher and stay apart from the market. Cotton International cotton market followed a downward trend due to subdued demand from the downstream buyers amid weak market fundamentals during the first half. In China, cotton market softened due to lackluster market sentiments and insipid trading activities during the period. Cotton prices in India weakened in line with international market. In China, cotton market showed soft outlook and prices moved down due to subdued demand from the downstream market and tightened capital outlook during the second half. Wool Wool prices went up during the first half of last fortnight in Australia. Buyers for China were dominant, with support from buyers for India and Europe. 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. There were no sales in New Zealand and sales are in recess in South Africa until 21 August.

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

(Jun 15 - 30, 2013)


Market Watch Synopsis Jul 02_13