Market watch report for Crude Oil, Naphtha, Ethylene, Paraxylene, Monoethylene Glycol, Purified Terephthalic Acid, Propylene, PET Chips, Acrylonitrile, Polyester Staple Fibre, Polyester Filament Yarn, Acrylic Staple Fibre, Caprolactam, Polypropylene, Nylon Chips, Nylon Filament Yarn, Benzene, Spandex, Cotton Linters & Pulp, Cotton, Viscose Staple Fibre, Wool, Viscose Filament Yarn

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Crude Oil second half of the last fortnight, selling offers for
PTA declined sharply and slack the initial gain.
In the last fortnight the selling offers for Crude oil Moreover, start up of fresh capacity and restart of
declined. In the beginning of the first half of the PTA plant added bearish sentiment in the market.
last fortnight, selling offers for Crude oil opened PTA consumers were active in building up their
with a mixed sentiment. Overall, Crude oil market inventories, but purchasing was in small packets
was optimistic, as Chinese purchasing manager only.
index increased. In the second half of the last
fortnight the price of Crude oil declined sharply.
The fall in Crude oil price was mainly due to
rumors that Euro-region is expected to buckle
under the pressure of influence.
Naphtha
In the last fortnight the prices of Naphtha declined
in line with energy market. During the first half of
the last fortnight, Naphtha price opened with
bearish sentiment in Asian market. In the second
half of the last fortnight, selling offers for Naphtha
went down at a constant pace. In Asian markets,
demand was poor but supply of cargo was
Ethylene
constant, as demand from U.S.A remained poor.
By the end of the last fortnight, Naphtha price was
In the last fortnight the selling offer for Ethylene
bound in small range across the global market.
declined. In the first half of the last fortnight,
Ethylene prices opened without any change and
were closed with a declined mark of previous
fortnight. At the end of the first half of the last
fortnight, prices of Ethylene were slumped in Asia
due to soft feedstock prices. In the second half of
the last fortnight the price of Ethylene declined. In
European market, selling offers for Ethylene
decline due to weak demand trends and fall in
energy market.
Monoethylene Glycol
In the last fortnight the selling price of MEG went
up. In the first half of the last fortnight, MEG
Paraxylene market reaction was quite quick. During the first
half of the last fortnight, MEG offers remained firm
In the last fortnight, PX market declined due to on the back of supply curb. In the second half of
pessimistic market sentiments, like weak the last fortnight, MEG offers remained firm on the
downstream demand and sluggish buying back of cues of multiple plant outage across the
interest. In Asian market, selling offer for PX globe. Even curb of MEG supply from U.S.A
declined in Asia, due to raw material prices from market, supported the sellers side. By the end of
downstream market and weak buying trends. In the last fortnight, firm buying trend in MEG
the second half of the last fortnight the selling continued to supportive by tightness in supply
offers for PX continued to decline. In the across the Asian markets.
beginning of the second half of the last fortnight,
PX opened with a weak sentiment in Asian
region.
Purified Terephthalic Acid
In the last fortnight the selling offers for PTA
exhibited range bound sentiment. During the first
half of the last fortnight the selling offers for PTA
went up. By the end of the first half of the last
fortnight the price of PTA turned soft. In the
(May 01 - 15, 2012)

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market. It is expected that polyester filament yarn
market will remain lackluster due to unfavorable
macroeconomic conditions in the Chinese
domestic market. Financial market was uncertain
due to the election of France’s new president and
pending result in Greece. It is expected that
polyester filament yarn market will likely to drop
down in the short run amid bearish market
sentiment and dull downstream demand.
Propylene
In the last fortnight, selling offers for Propylene
declined significantly. In the beginning of the first
PET Chips
half of the last fortnight, Propylene prices opened
with a ranged bound in Asian market. In U.S.A
Polyester chip market followed an upward trend
market, price of Propylene declined due to
and prices went up in the last fortnight in the
bearish demand factor. In the second half of the
Asian region in USD based market. Despite of
last fortnight, Propylene price continued to move
favorable macroeconomic outlook, polyester chip
down. Propylene sellers noted that curb on supply
market was stable after May Day holidays. It is
did not affect bearish trends of market, as
expected that the polyester chip market will be flat
inventories with the downstream market was
for the short run in line with the demand and
appropriate.
stable feedstock market. Polyester chip market
followed a downward trend and prices went down
Acrylonitrile
in USD based market during the second half of
this last fortnight in the Asian region.
In the last fortnight, Acrylonitrile market declined
mainly due to weak downstream demand from the
textile and plastic sectors. ACN converters were
worried about shrinkage in their profit margin and
hence they reduced their plant operation rate. In
the second half of the last fortnight, selling offers
for ACN continued to decline as buying interest
diminished. Downstream plant operators cut down
their plant operation rate while sellers hold their
offers tightly and kept close eye on future
sentiment of the market.
Polyester Staple Fibre
Polyester staple fibre market remained stable in
the Asian region in USD based market during the
first half of this last fortnight. Polyester staple fibre
prices were stable amid weak market sentiment
due to Labor Day holidays in the Chinese
domestic market. There was no inventory
pressure as producers were running the plants as
low rate during that period. Polyester staple fibre
Acrylic Staple Fibre
market followed a stable trend during the second
half of this last fortnight in the Asian region in
Acrylic staple fibre market followed a stable trend
USD based market.
and prices remained steady in the Asian region in
USD-based market but transactions remained
Polyester Filament Yarn
subdued due to lack of demand from the
downstream market. Acrylic staple fibre market
Polyester filament yarn market remained almost
did not recover after holidays as some producers
stable this time in the Asian region in USD based
were still on holidays. Acrylic fiber import market
(May 01 - 15, 2012)

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continued to witness subdued transactions during and July. In U.S.A market, Benzene producing
the second half of this last fortnight. Overall, plants under pre-maintenance, started
acrylic stale fibre market was still under pressure. successfully and pull down the Benzene prices.
Caprolactam
In the last fortnight, selling offers for Caprolactam
increased. In the beginning of the last fortnight,
selling offers for CPL opened with firm sentiment.
CPL produced in China was priced modestly
lower, but trading volume remained low due to
weak demand. In the second half of the last
fortnight, CPL price declined slowly as trading
value and volume was calm. In the early second
half, CPL market opened with weak sentiment as
feedstock price turned softer where as future
outlook of entire value chain was pessimistic.
Polypropylene
In the last fortnight, selling offers for
Polypropylene increased. In the beginning of the
last fortnight, Polypropylene price increased very
quickly in tandem with raw material prices. With
return of Chinese speculators, buying mood was
seen improved and sellers confidence too. PP
sellers were successfully driving spot prices to the
higher level. In the second half of the last
fortnight, PP price went up smoothly. PP sellers
did not face much resistance while increasing Nylon Chips
February contractual price.
In the last fortnight, selling offers for Nylon chip
declined because of weak sales. During the first
half of the last fortnight, Nylon chips market
opened with sluggish market fundamentals. Deals
in Nylon chip market influenced by downstream
sluggish demand, were still hard to be concluded
at the higher level. In the second half of the last
fortnight, selling offers for Nylon chip increased at
the slow pace. For slower growth, market
speculators blamed to increased plant operation
rate of Nylon chip producers.
Nylon Filament Yarn
Nylon filament yarn market followed the
downward trend this time in USD based market in
Benzene
Asian region during the first half of this last
fortnight. Downstream traders were not showing
In the last fortnight, selling offers for Benzene
interest in buying materials after May Day
declined slowly. In the beginning of the last
holidays during the first half. It is expected that
fortnight, Benzene market opened with firm
nylon filament yarn market will remain stable-to-
sentiment. It was well noticed that buying interest
firm in the near team due firm feedstock price.
wane down with the increase in Benzene price
Nylon filament yarn market remained stable and
across the globe. In the second half of the last
prices remained almost stable in USD based
fortnight, downstream converters of Benzene
market in the Asian region during the second half
stayed apart from the market because weak
of this last fortnight.
demand forecasted for plastic sector during June
(May 01 - 15, 2012)

4. Presented by www.fibre2fashion.com
levels. The cutbacks of production were
confirmed as followed up in the industrial
conference held and prices changed little after the
meeting. The market is expected to remain range
bound in the coming weeks.
Spandex
In the last fortnight, Spandex price improved
slowly as market fundamentals remained firm and
active trading mainly in medium counts. In
coarser count, manufacturers were under
pressure due to unfavorable orders. There was
Cotton Linters & Pulp moderate demand from mesh fabric manufactures
which maintained stable trend, moreover supply
Cotton linter prices were stable-to-up during the of Spandex yarn was stable and cash flow in
first half of this last fortnight in the Chinese market was sufficient, provided firm price
domestic market after the May Day holidays. fundamentals in Spandex market. Similar firm
Domestic dissolving pulp producers intended to trend was observed in price of Spandex in
raise offers, while actual trades were maintained International markets.
at previous levels. Cotton linter price went down
during the second half of this last fortnight in the Cotton
Chinese domestic market. There were not many
offers on dissolving pulp market. Cotton linter and Cotton prices went down sharply in New York
pulp prices are expected to remain stable under during the first half of this last fortnight after India
bearish expectations in downstream sector. removed its ban on cotton exports, therefore
boosting prices on its domestic market. Cotton
Viscose Staple Fibre prices collapsed in New York during the second
half of this last fortnight, after the US Department
Viscose prices remained steady at the beginning of Agriculture (USDA) predicted a new surge in
of this fortnight in the Chinese market. On the cotton stocks in the coming season. In China,
other hand, viscose staple fibre plants are running cotton prices quickly went down during the same
with relatively high operating rates while period in line with the international market.
downstream plants purchasing slowly, so price is
not expected to go up. The confidence on viscose Wool
staple market weakened as a whole, and players
became more bearish as the market was involved Wool prices followed the upward trend during the
in weak adjustments during the second half of this first half of this last fortnight in Australia. Sales
last fortnight in the Chinese domestic market. were in recess in South Africa until second half of
this last fortnight. Wool price followed the
Viscose Filament Yarn downward trend in Australian market during the
second half of this last fortnight. During the
Viscose filament yarn market continued to follow second half of this last fortnight, the market was
a stable trend and prices remained steady in again characterised by soft demand. Buyers for
Asian region in USD based market this time as China were dominant, followed by buyers for
well. Producers gradually curtailed production and Europe, India and Taiwan.
there were gaps between offers and discussion
Contact us to get the complete latest issue of the report:
Ms. Pinky Roshan
Mobile: +91-990.994.1402
Email: pinky@fibre2fashion.com
(May 01 - 15, 2012)