Download as pdf or txt
Download as pdf or txt
You are on page 1of 4

Presented by www.fibre2fashion.

com
Crude Oil In the beginning of the first half, selling offers for Crude oil price plunged due to rise of US dollar coupled with fall in U.S.A equity indices. In the beginning of the second half, selling offers for Crude oil price increased due to reduced expectations of a possible reconciliation over Iran's nuclear issue. By the end of the last fortnight, Crude oil prices declined as the weekly fuel inventory report brought out by the US Energy Information Administration for the week ended on November 8, 2013 stated that crude inventories rose. Naphtha During the first half of the last fortnight, selling offers for Naphtha surged in F E Asian and S E Asian Markets. During the second half, in Asian market, selling offers for Naphtha opened with surged due to improved demand and strong plastic demand. Somehow, it maintained the selling price above the opening level. Asias naphtha market may be undermined by ebbing prompt demand, while supply is being augmented by an influx of deep-sea western supply and increased imports from the Middle East. Purified Terephthalic Acid In the last fortnight, selling offers for PTA remained stable-to-firm. Selling offers for PTA declined marginally in Asian market due to bearish in feedstock price. In the last fortnight, PTA prices went through a dead lock situation and hence, prices did not change much. During the second half, selling offers for PTA declined marginally in Asian markets due to bearish buying trend in the region. Selling offers for PTA in the European market remained unchanged due to firm energy market.

Ethylene During the last fortnight, selling offers for Ethylene declined. During the first half, selling offers for Ethylene in Asian market declined due to bearish upstream energy value and coupled with weak buying sentiments. In the second half of last fortnight, Ethylene prices remained deprived. During the second half, in Asian market selling offers for Ethylene plunged due to sinking prices of feedstock coupled with subdued buying sentiments in the region. Monoethylene Glycol

Paraxylene In the last fortnight, the price of PX went down. During the first half, PX price declined in Asian market because of poor upstream energy value coupled with weak downstream demand. In European market selling offers for PX went down due to bearish trend in Asian and U.S.A market. In the second half, PX market increased marginally. PX price surged was supported in Asian market due to an unplanned plant shutdown in China during the period.

MEG prices volatile action in global market. In the beginning of the first half, selling offer for MEG declined in Asian market due to fall in energy values and coupled with bearish feedstock prices. In the U.S.A domestic market selling offers for MEG, declined due to bearish demand. In the beginning of the second half, MEG market opened with stable sentiments. In Asian markets, MEG price remained steady due to fall in energy value coupled with softer feedstock prices.

(Nov 1 - 15, 2013)

Presented by www.fibre2fashion.com
Polyester Filament Yarn Polyester filament yarn market showed modest performance and prices were stable due to subdued demand from the downstream market in the Chinese domestic market. Some polyester filament yarn producers revised down offers and offered discount widely in order to reduce inventory pressure during the period. Polyester filament yarn market maintained a stable stance in tandem with weak feedstock market coupled with unfavorable macro-economic outlook during the second half. PET Chips PET chips market showed modest outlook and prices remained stable due to moderate demand from the downstream market in the Chinese domestic market during the first half. Majority of PET chips producers kept stable offers during the period. On the other side, downstream demand remained thin and downstream buyers purchased materials on need-to-basis in a small volume during period. PET Chips prices kept stable due to unfavorable market fundamentals during the second half. Propylene In the beginning of the first half, selling offers for Propylene mixed sentiment in Asian market due to moderate buying sentiments. In the last fortnight, selling offers for Propylene remained steady. During the second half, buying trend of Propylene kept inert across the global market. Selling offers for Propylene steady in Asian market due to mute buying sentiments. In the N W European market, Propylene prices remained steady, due to firm energy market. Acrylonitrile In the last fortnight, selling offers for ACN remained steady. In the early last fortnight, ACN opened but with plunged down prices in Asian market due to poor buying sentiments coupled with fall in downstream demand. In the second half of the last fortnight, ACN prices declined in global market. In the second half, selling offers for ACN declined in Asian market due to weak regional buying sentiments coupled with poor downstream demand in the region.

Polyester Staple Fibre Polyester staple fibre prices remained almost stable due to subdued demand from the downstream market in the Chinese domestic market during the first half. Polyester staple fibre market presented a modest outlook as downstream demand failed to improve amid weak market fundamentals during the first half in the Chinese domestic market. Polyester staple fibre prices remained stable in tandem with weak feedstock market and lack of support from the downstream buyers during the second half.

(Nov 1 - 15, 2013)

Presented by www.fibre2fashion.com
Acrylic Staple Fibre Acrylic staple fibre market maintained consolidation and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market. Acrylic staple fibre continued to remain stable as downstream buyers stayed away from the market and showed no high enthusiasm in buying during the first half. Acrylic staple fibre market was relatively stable and prices remained stable due to weak demand from the downstream buyers and unfavorable market fundamentals during the second half. prices remained stable due to moderate buying sentiments in the regions during the first half. In the second half, Benzene market showed firm performance and prices increased due to robust buying sentiments in the region and favorable market fundamentals during the second half. Caprolactam CPL market presented a weak appearance and prices went down due to subdued demand from the downstream buyers during the first half. During the second half in Asia, CPL market showed soft performance and prices declined due to sluggish demand from the downstream market. CPL suppliers adjusted down offer prices during the second half. On the other side, downstream buyers were cautious and showed limited intentions in refilling stocks during the second half.

Polypropylene During the last fortnight, selling offers for PP volatile in action. In the first half, PP price in Asian market volatile in action due to moderate market condition. In the last fortnight, PP prices were volatile in sentiment. Selling offers for PP exhibited mixed trend in Asian market due to correction in feedstock prices. In the U.S.A spot market, selling offers for PP declined due to ample of product availability coupled with a fall in upstream energy value.

Nylon Chips Nylon Chips price went down in the last fortnight due to unfavorable market fundamentals. In the beginning of the last fortnight, demand for Nylon Chip in Asian market declined due to overall demand for Nylon declined due to poor in global macroeconomic factors because of ample of product availability. Selling offers for Nylon Chip decreased at slow and steady pace during last fortnight. In the early second half, offers for Nylon Chip declined in the Asian market in line with bearish feedstock market. Nylon Filament Yarn Nylon filament yarn market presented soft outlook and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market during the first half. Nylon filament yarn prices were relatively stable in tandem with weak feedstock market and sluggish demand from the downstream buyers. Nylon filament yarn prices remained stable as

Benzene In Asia, Benzene market presented weak appearance and prices declined due to subdued demand from the downstream buyers during the first half. In the Rotterdam market, Benzene

(Nov 1 - 15, 2013)

Presented by www.fibre2fashion.com
downstream demand failed to improve and weak market fundamentals during the second half. Viscose Filament Yarn Viscose filament yarn market improved and prices went up due to rigid demand from the downstream in the Chinese domestic market. Viscose filament yarn prices went up in tandem with the raw material cost during the first half. Viscose filament yarn market showed sign of improvement and prices went up slightly in line with raw materials cost during the second half. Viscose filament yarn market participants were perplexed about market outlook during the second half. Spandex Cotton Linters & Pulp Cotton linter market showed soft appearance and prices remained stable due to weak market fundamentals in the Chinese domestic market. Imported dissolving pulp market showed soft outlook and prices remained stable due to moderate demand during the first half. Cotton linter market followed an upward trend and prices went up but demand from the downstream buyers remained lackluster during the second half. Dissolving pulp prices remained stable as downstream buyers stayed away from the market amid unclear market fundamentals during the second half. Viscose Staple Fibre Viscose staple fibre market sentiments improved initially affected by the preliminary ruling on antidumping duty on pulp during the first half. Viscose staple fibre market then stabilized, as downstream demand remained failed to improve with the market during the first half. Viscose staple fibre market presented a soft appearance and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the second half. In the last fortnight, Spandex market remained unchanged due to stable market fundamentals. During the first half, Spandex market remained stable despite sporadic trading volume in the Asian markets. In the second half, Spandex kept inert in market and prices remained unchanged. In the earlier part of the second half of the last fortnight, Spandex offers opened at the same level, but with the support of firm trading volume Spandex sellers maintained stable prices. Cotton In China, cotton market showed soft outlook and prices went down slightly due to sluggish demand from the downstream buyers and lackluster market fundamentals during the first half. International cotton market followed an upward trend initially, and then moved down gradually towards the end of the second half. The released of November supply and demand report of USDA affected market sentiments somewhat. In India, cotton market remained soft due to unfavorable market fundamentals during the period. Wool Wool market followed an upward trend in Australia market during the first half of last fortnight. Wool market followed an upward 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

(Nov 1 - 15, 2013)

You might also like