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Crude Oil
Crude oil prices went down during the Week 3
due to increased Crude oil inventories in the
U.S.A coupled with an appreciation in US Dollar.
Crude oil price declined by 4.5 percent in the 3rd
week. Average Crude oil prices declined
marginally by 0.9 percent during the 4th week of
December. Crude oil prices went down due to
increased Crude oil inventories.
Naphtha
Naphtha prices fell by a narrow margin during
third week of the month as compared to 1st and
2nd week. During 4th week in Asian market,
Naphtha price surged by 2 percent due to limited
availability of products whereas in the European
market prices remained steady.

Ethylene
While Ethylene prices in Korea, Japan, China, SE
Asia, India and European markets experienced a
decrease during the week from start to the end;
FD US Gulf prices in the US increased. Ethylene
prices declined in Asian and European markets
due to weak downstream demand coupled with
mute buying sentiments during the 4th week of
the December.
Monoethylene Glycol
During the last week, selling offers for MEG
declined in Asian market due to weak feedstock
prices coupled with dull buying trend. MEG prices
climbed up in CNF SE Asia during the 4th week,
mainly due to improved downstream demand.
MEG Prices remained steady in European and
US Market.

Paraxylene
Paraxylene prices increased in 4th week due to
improved regional buying trends coupled with
strong upstream energy values in global market.
Paraxylene prices declined by 7 percent in Asia
whereas in the Europe and the US, the prices
declined by 10 percent in the 3rd week from the
previous week. Paraxylene market prices
increased during 4th week by 1.9 percent in Asian
market, Surged 5.37 percent in European market
and climbed by 3.85 percent in the US.
Purified Terephthalic Acid
During 3rd week of December, PTA price
declined in Asian market due to weak regional
buying interest coupled with poor downstream
polyester demand trends. In Asian market PTA
price declined by 6 percent compared to the
previous week. Average PTA prices went down in
Asia while they maintained steady trend in
th
European and U.S.A. market during the 4 week
of this month.

PET Chips
The Negative sentiment around PTA and MEG
prices in the December has forced the PET chips
prices move down. The raw material prices have
th
witnessed a volatile trend in the December 4
week. PET chips market sentiments remained
lacklustre due to lack of support from the
downstream buyers and unfavourable market
fundamentals. PET Chips prices presented soft
appearance and prices went down due to weak

(Dec 15 - 31, 2014)

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crude oil and coupled with weak market
fundamentals during 4th week of December.

Acrylonitrile
During 3rd week of December ACN prices
declined by 0.5 percent in Asia and the US,
whereas in European market prices remained
stable. ACN prices remained stable in Asian,
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European and the US market during 4 week of
December. The weakness in the propylene
market and soft demand for ACN has compelled
the suppliers to reduce ACN prices.

Polyester Staple Fibre

Polyester Staple fibre prices which witnessed
downward trend in last week have fallen further
as raw material prices also declined. Polyester
staple fibre market remained lackluster and
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trading sentiments were thin during the 4 week
of December. Polyester staple fibre market
consolidated as downstream buyers showed no
enthusiasm in buying amid continuous downward
trend during last week. Polyester staple fibre
markets maintained weak appearance and prices
went down in line with weak feedstock market
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during 4 week of December.
Polyester Filament Yarn
The Polyester Filament Yarn prices witnessed
volatility and moved downward marginally in
December 4th week. Polyester filament yarn
market maintained a weak tone and prices moved
down by more than 3 percent because the
downstream buyers showed no buying indications
and preferred to stay away from the market during
last week. Polyester filament yarn market was
rd
relatively soft and remained same as 3 week
amid unfavorable market fundamentals during the
4th week of this month.

Acrylic Staple Fibre

Acrylic fiber prices were stable while raw material
prices weakened further. The demand for the fibre
was weak and traded volumes remained low to
modest as buying for the fibre was hand to mouth.
Acrylic staple fibre market prices were relatively
stable as downstream buyers showed limited
buying intentions during 3rd week of December.
Acrylic staple fibre market showed modest
outlook and prices remained stable due to
subdued demand from the downstream buyers
during the 4th week of December.

Propylene
During 3rd week of December, Propylene price
went down by 17-20 percent in Asian markets, 3
percent in European market and 10 percent in US
market. Price declined due to weak energy
coupled with bearish demand. Average Propylene
prices plunged in Asian, European and U.S.A
th
market during the 4 week of this current month
compared to previous week. Propylene declined
due to bearish buying trend coupled with weak
feedstock prices in the region.

Polypropylene
Polypropylene prices went down significantly
during the December 2014 due to poor energy
market and weak downstream demand coupled
with bearish feedstock price. In the 3rd week of
December PP price went down by 8.2 percent in
Asia, were steady in Europe & went down by 1.5

(Dec 15 - 31, 2014)

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percent in the U.S.A. During 4th week of
December PP prices remained steady for CNF
SE Asia, Europe and U.S.A. market & declined by
3 percent in CFR FE Asia and FOB ME Asia.

maintained a wait-and-watch stance as the prices

of benzene and Caprolactam continue to fall in
the Chinese domestic market.
Nylon Filament Yarn
Nylon filament yarn producers revised down offer
prices during this period. On the other hand,
downstream buyers were still cautious and
replenished goods on need-to-basis. Overall
Nylon filament yarn market sentiments remain
lackluster and trading activities were scarce.
Nylon filament yarn market prices reduced due to
lack of support from the downstream buyers and
unfavourable market fundamentals during the 3rd
week of the month. The fourth week of the month
a small change of NFY prices in NE Asia for 70
denier yarn with a fall of 2.87% compared to 3rd
week.

Benzene
While Benzene prices in Korea, Japan, China, US
Gulf, and India experienced a slight decrease
during the week from start to the end; FOB prices
in Rotterdam increased. The last week of the
month saw an increase in all the regions under
consideration. Overall, the average FOB Korea
price of Benzene increased by 2.8% as compared
to previous week.
Caprolactam
Week three of the month started at a further low
price of Caprolactam in China and remained flat
during the week. This week experienced a drop of
more than 4% over the previous one. The 4th
week average price of Caprolactam in China fell
by 3.4% as compared to the 3rd week.

Cotton Linters & Pulp

Cotton linter market showed modest performance
and prices went down due to bearish demand
from the downstream buyers in the Chinese
domestic market. Cotton linter market weakened
amid sluggish market outlook during this fortnight.
Imported dissolving pulp market showed modest
outlook and price plunged due to weak demand
from the downstream market during this fortnight.
Viscose Staple Fibre

Nylon Chips
Situation for Nylon Chips CIF China process was
no different from Caprolactam. The Nylon Chips
CIF China prices continued downward trend in
last two weeks of the year as well. The Nylon
chips market has felt indirect pressure from
crashing crude prices. Industry players have

Week three began with a slight decrease in VSF

prices for both the deniers; 1.5 and 1.2 and
maintained the same prices till the end of the
week. Week four observed almost the same price
of VSF as in 3rd week of the month. Viscose
staple fibre prices went down due to subdued
demand from the downstream market in the
Chinese domestic market during the last fortnight.
Viscose staple fibre market consolidated as
downstream buyers showed weak buying
indications and preferred to stay away from the
market during the last fortnight.

(Dec 15 - 31, 2014)

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Viscose Filament Yarn
Viscose filament yarn market remained stable as
downstream buyers showed moderate buying
indications during the first fortnight of the month
and further into 2nd half as well. VFY market was
almost and there were rumors about low rates,
especially from small-scale conventional fiber
producers in China. Viscose filament yarn market
continued to maintain modest performance and
prices remained stable in USD based export
market.
Spandex
Global Spandex demand supply is largely
influenced by Chinese players. As of now,
Spandex market is expected to remain steady at
the current level in the short term future. During
the fourth week of the month, selling offers for
coarser count like 20 D were remained steady.
During last fortnight, Spandex speculators turned
quite cautious as downstream plant kept their
operational rate in the range of 55 to 60 percent
only.
Cotton
After the initial drop in the first week the cotton
prices in 2nd and 3rd week have seen an
increase. A recovery can be seen emerging for
the next year if the December last week trends
are an indication. Chinese spot cotton prices
remained steady. In India, cotton market
improved marginally due to bullish buying
sentiments from the downstream buyers during
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this week. Cotton prices surged further in the 4
week by 1.4 percent as compared to the 3rd week
of December.
Wool
Compared to November 2014, the average
monthly price of wool in December has climbed
up, witnessing a rise of 2.91 percent. Wool market
in Australia & New Zealand was closed during this
period for Christmas & New Year holidays.

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

Ms. Pinky Roshan

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

(Dec 15 - 31, 2014)