Anda di halaman 1dari 4

Presented by www.fibre2fashion.

com
Crude Oil In the first half of the last fortnight, there was pressure on supply side because of news that S Arabia would increase its Crude oil production in near future. By the end of the first half of the last fortnight, Crude oil price remained stable, as Spanish economy minister initiated talks with ECB for fresh bailout package for Spain. In the second half of the last fortnight, selling offers for Crude oil opened with a slack sentiment but it slowly recovered at the end of the last fortnight. Naphtha During the first half of the last fortnight, Naphtha prices declined and selling offers opened with weak sentiment as supply turn ease, when more cargoes from Europe and Asia expected to flood market. In the second half of the last fortnight, selling offers for Naphtha opened with moderate sentiment and turn up by the end of the last fortnight, but could not recovered the earlier loss. Demand for heavy Naphtha emerged from F E Asia, nations and availability remained crucial for this segment, improved overall Naphtha market. the second half of the last fortnight, selling offers for PTA decline due to bearish demand in market and weak buying trend. Overall in global PTA market, price fluctuated narrowly and its trading sentiment remained weak. In Chinese region many buyers avoided buying, due to approaching national day holiday and sufficient inventories.

Ethylene In the beginning of the first half of the last fortnight in F E Asian market, Ethylene price declined while in S E Asian market it increased. In U.S.A market Ethylene price went up while in European market it remained stable during the last fortnight. Ethylene prices declined in Asia due to poor demand trends and dull buying action in the region also supported the price fall. By the end of the second half of the last fortnight, price fall in Ethylene market remained major issue due to weak energy market. Monoethylene Glycol In the beginning of the first half of the last fortnight, selling offers for MEG increased in Asian market, due to improved buying interest across the region and firm allied markets. In the beginning of the second half of the last fortnight, selling offer for MEG in Asian market went down due to ease of regional availability. MEG price curtailed down in global market at the end of the last fortnight, due to ease of availability and weak upstream values. Few MEG producers even reduced their plant operational rate to curb supply side.

Paraxylene In the beginning of the first half of the last fortnight, selling offer for PX opened with firm sentiment due to availability crisis in Asian region, but due to poor support from downstream demand and coupled with decline in feedstock prices and weak energy in market PX price declined. In the second half of the last fortnight, selling offer for PX continued to decline in Asian region due to weak downstream demand and softer energy market. For Asian sellers, it was more shocking when price of downstream turn bearish too. Purified Terephthalic Acid In the beginning of the first half of the last fortnight, PTA price opened with an optimistic fundamentals but it later declined due to weak demand, particularly from textile industry. In the beginning of

(September 15 31, 2012)

Presented by www.fibre2fashion.com
PET Chips In the beginning of the first half of the last fortnight, PET Chips prices went up in line with feedstock market initially, which gradually moved down towards the end of the first half. Downstream market was still cautious and purchased on handto-mouth due to fear of loss during that period. In the beginning of the second half of the last fortnight, PET Chips prices went down in line with weak feedstock market. Downstream buyers were still cautious and trading sentiments remained thin before national holidays. due to poor demand trends in the region. But in India and U.S.A market, it gradually increased during the last fortnight. Overall, it reflected mixed sentiment of market. In the beginning of the second half of the last fortnight, Propylene prices in F E Asia and Europe, continued to move down due to weak energy market and dull regional buying trends. Acrylonitrile In the beginning of the first half of the last fortnight, ACN prices decreased in Asian market due to weak buying interest and bearish downstream demand. Initially ACN offers in Asian market increase but it slowly declined at the end of the last fortnight in line with lack of trading volume. In the second half of the last fortnight, selling offers for ACN opened with a weak sentiment and gradually declined in absence of trading volume. ACN prices in U.S.A market slowly declined despite of firm feedstock and tight product availability.

Polyester Staple Fibre In the beginning of the first half of the last fortnight, Polyester staple fibre market followed an upward trend and prices went up initially, affected by U.S. policy and cost pressure. In the beginning of the second half of the last fortnight, Polyester staple fibre followed a downward trend and prices went down due to lack of support from the downstream market in the Chinese domestic market. Despite of approaching National holidays, downstream buyers remained cautious in stocking up material. Polyester Filament Yarn In the beginning of the first half of the last fortnight, Polyester filament yarn prices remained stable due to lack of support from the downstream market in the Chinese domestic market. Trading sentiments were lackluster and downstream market players were at the sidelines adopting a wait and watch stance during that period. In the beginning of the second half of the last fortnight, Polyester filament yarn prices remained stable to weak due to subdued demand from the downstream market and weak feedstock market in the Chinese domestic market. Propylene In the beginning of the first half of the last fortnight, Propylene prices in F E Asia and Europe declined

Acrylic Staple Fibre In the beginning of the first half of the last fortnight, Acrylic staple fibre market remained steady with in line with the firm feedstock market. ASF producers kept their offers firm but downstream demand remained lackluster and overall trading activities were thin. In the second half of the last fortnight, ASF market continued to follow a stable trend in the Chinese domestic market. Downstream market was still cautious and purchased on need-to-basis in a small volume.

(September 15 31, 2012)

Presented by www.fibre2fashion.com
Asian markets with a support of firm feedstock and increased demand. Trading value and volume remained optimistic and deals mainly concluded at higher level. In the second half of the last fortnight, selling offers for CPL opened with firm sentiment. By the end of the last fortnight, CPL price move towards south because of weak trading volume. CPL market slowly collapsed due to weak upstream market and bearish demand.

Polypropylene During the first half of the last fortnight, PP prices increased due to firm feedstock rates and tight product availability in the region. PP prices inclined with fear of Government decision to surge import duties on which buyers run to secure goods from the local markets boosted buying sentiment, but due to price hike there was an adverse impact on buying sentiments. In the second half of the last fortnight, PP prices went up in Asia due to increase in feedstock prices and tight product availability in the region.

Nylon Chips Nylon Chips price inclined in the last fortnight due to optimistic market fundamentals. Downstream buyers have maintained wait and watch stance, as upstream market situation remained firm. Even purchasing from textile sector was weak, as demand from lining market was uncertain. In the second half of the last fortnight, Nylon Chips market remained bearish mainly due to weak support from feedstock market and mute demand from downstream. Downstream buyers even remained reluctant from grasping any huge stock. Nylon Filament Yarn In the beginning of the first half of the last fortnight, Nylon filament yarn market followed an upward trend and prices went up in line with the firm feedstock market and rigid demand from the downstream market in the Chinese domestic market. In the second half of the last fortnight, Nylon filament yarn prices remained steady and went up in line with feedstock market and improved demand from the downstream market. Towards the end of the fortnight, sentiment cooled down as buyers were preparing for holidays.

Benzene During the first half of the last fortnight, Benzene offers remained firm with a support of energy market and robust from downstream plastic market. Buyers across Asia remained highly cautious prior any deal, as bearish cues received from western world where Benzene market was bearish. Benzene price declined in the second half of the last fortnight, due to bearish energy market and sluggish trading volume in global market. European sellers were bit cautious while selling as inventories with the plastic industry declined which stopped purchasing in bearish trend. Caprolactam In the beginning of the first half of the last fortnight, CPL price opened with an optimistic sentiment in

(September 15 31, 2012)

Presented by www.fibre2fashion.com
price products diminished confidence of market participants. In the second half of the last fortnight, Viscose filament yarn market remained sluggish due to abundant supply and weak demand from the downstream market. Suppliers offered discounts in order to reduce inventory, however buyers kept wait-and-see stance. Spandex In the beginning of the first half of the last fortnight, Spandex offers opened at the same level, but it inclined later due to volatile currency market. In the first half of the last fortnight, Spandex unit restarted gradually and supplies got ease but wait and watch stance of buyer ruined the Spandex prices. In the second half of the last fortnight, selling offers for Spandex remained stable as market opened with optimistic fundamentals. Demand for Spandex yarn remained stable as operational level of downstream weaving plant remained unchanged. Cotton International cotton market followed an upward trend initially, which moved down towards the end of the first half. In China, cotton market stabilised while some traders revised offers and some downstream mills raised inquiry, but the overall trading sentiment remained lackluster. International cotton market followed a downward trend due to unfavourable external environment and weak market fundamentals. International cotton market was under pressure. ICE cotton futures market faced collapse during the second half of this last fortnight. Wool Wool prices went up during the first half of this last fortnight in Australia. In New Zealand, the Wool Services International crossbred Indicators were mixed, varying from small falls to unchanged or slightly firmer. Wool prices went down during the second half of this last fortnight in Australia. Buyers for China were dominant, followed by buyers for Europe and India. In New Zealand, the Wool Services International crossbred Indicators showed mixed trend.

Cotton Linters & Pulp In cotton linter market, overall prices went down due to arrival of new linter and as well as unfavourable downstream market sentiment. Overall market sentiments remained dull and downstream demand was sluggish amid uncertain market fundamentals during that period. In the second half of the last fortnight, prices of Cotton linter went down due to weak market fundamentals. Imported dissolving pulp market went down due to subdued demand from the downstream plants. Viscose Staple Fibre In the beginning of the first half of the last fortnight, Viscose staple fibre prices went down due to lack of support from downstream market and weak market fundamentals. Some suppliers reduced their offer prices, while some adopted various levels of prices to attract buying interest. In the second half of the last fortnight, Viscose staple fibre prices softened in Chinese domestic market due to weak market fundamentals. Viscose staple fibre market is expected to remain flat to weak after holiday, and replenishing activities are likely to occur in mid-to-late October. Viscose Filament Yarn During the first half of the last fortnight, Viscose filament yarn market sentiments were lackluster due to weak market fundamentals. Producers offered discount in order to balance inventory during that period. However, rumors about low

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

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

(September 15 31, 2012)

Anda mungkin juga menyukai