Market Watch Synopsis of last ( June 01 - 15, 2014 ) which contain details of Crude Oil, Naphtha, Purified Terephthalic Acid, Ethylene, Paraxylene, Monoethylene Glycol, Polyester Filament Yarn etc are discuss in the doc just go through it which is presented by fibre2fashion. http://goo.gl/ZrHEgE
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Textile Market Watch Synopsis Jun 17 14
1. Presented by www.fibre2fashion.com
(Jun 1 - 15, 2014)
Crude Oil
In the beginning of last fortnight, Crude oil prices
went down due to key oil port in Libya was
scheduled to restart production coupled with the
increase in the value of the dollar rates. The fall in
prices was also a result of a marginally declined
in U.S.A equity indices. During the second half of
last fortnight, Crude oil prices increased due to
increased in U.S.A equity indices coupled with
strong export numbers emerging from China.
Naphtha
In the first half of last fortnight, prices of Naphtha
declined mainly due to soft blending demand in
European market. During the second half of last
fortnight, selling offers for Naphtha price
increased in global market. Naphtha prices
increased in Asian markets due to improved the
downstream demand. In European market, selling
offers for Naphtha also increased due to demand
for was robust from petrochemical sector and
energy sector.
Paraxylene
During the first half of last fort night PX price
increased in global market. In Asian market PX
price increased due to improved buying
sentiments in the region. During the second half
of the last fortnight PX prices continued to follow
the uptrend. In the second half, PX prices
increased in global market due to bullish buying
sentiments coupled with firm energy value in the
market. In the second half of the last fortnight, PX
prices increased in Asian market due to improved
buying sentiments in the region.
Purified Terephthalic Acid
In the first half of this last fortnight, selling offers
for PTA increased due to increased in feedstock
prices. In Asian market, PTA market followed firm
outlook and prices surged due to limited product
availability in the region. In the second half of last
fortnight, selling offers for PTA increased due to
strong demand. During this period, PTA prices
increased in Asian market due to firm upstream
energy value. In European market, selling offers
for PTA remained steady.
Ethylene
During the first half of last fortnight Ethylene
prices went down in Asian market where as
surged in Europe and U.S.A market. In Asian
market selling offers for Ethylene went down due
to sluggish buying sentiments in the region
coupled with a fall in upstream energy value. In
the second half of last fortnight, Ethylene market
went down in Asian market. In Asian market,
Ethylene prices plunged due to bearish buying
sentiment in the region.
Monoethylene Glycol
In the first half of last fortnight MEG prices
increased due to firm upstream energy market. In
Asian markets, MEG prices increased due to
increased feedstock price coupled with limited
product availability in the region. In the second
half of last fortnight, MEG price continued to
follow the upward trend. In Asian market MEG
prices increased during the second half of the last
fortnight due to limited product availability in the
region.
2. Presented by www.fibre2fashion.com
(Jun 1 - 15, 2014)
PET Chips
PET chips market showed firm stance and prices
went up due to firm feedstock market in the
Chinese domestic market during the first half of
last fortnight. PET chips producers revised-up
offer prices during the period. On the other side,
downstream buyers were still cautious and
replenished goods on need-to-basis during the
period. PET fibre chips market continued to follow
an upward trend due to firm feedstock market in
the Chinese domestic market during the second
half.
Polyester Staple Fibre
Polyester staple fibre market presented firm
appearance and prices went up due to firm
feedstock market in the Chinese domestic market
during the first half. Polyester staple fibre market
continued presented firm stance and prices went
up due to firm feedstock market in the Chinese
domestic market during the second half. Polyester
staple fibre prices went up initially, which
stabilized later on as downstream buyers showed
moderate buying indications towards the end of
the second half.
Polyester Filament Yarn
Polyester filament yarn prices went up due to
robust demand from the downstream buyers and
firm market fundamentals during the first half.
Polyester filament yarn prices moved up as
downstream buyers replenished stocks on rigid
demand during the first half. Polyester filament
yarn market improved in line with firm feedstock
market and rigid demand from the downstream
buyers in the Chinese domestic market during the
second half.
Propylene
During the first half of last fortnight, Propylene
prices went down in Asian market in European
market and U.S.A market. In Asian markets,
Propylene price went down due to bearish buying
sentiments coupled with weak outlook market in
the region. Propylene price remained stable in
Asian market and U.S.A market while increased
in European market during the second half. In
Chinese market, selling offers for Propylene went
down marginally.
Acrylonitrile
In the first half of last fortnight, ACN prices
increased due to limited product availability along
with improving demand for the product in the
market. In European market, selling offers for
ACN were stable. In the second half ACN prices
increased further due to continued downstream
demand and tight supply in the market. In
European market, selling offers for ACN
increased due to limited product availability. In
U.S.A market, selling offers for ACN went up due
to limited product availability.
3. Presented by www.fibre2fashion.com
(Jun 1 - 15, 2014)
Acrylic Staple Fibre
Acrylic staple fibre market performed weak
outlook and prices remained stable due to
subdued demand from the downstream buyers in
the Chinese domestic market. Acrylic staple fibre
market continued to show weak performance and
prices remained stable due to sluggish demand
from the downstream buyers in the Chinese
domestic market during the second half. Acrylic
staple fibre market maintained a weak
consolidation as downstream buyers showed no
interest in buying goods and kept sideline stance
during the second half.
Polypropylene
PP market surged in the Asian market while
declined in European market during the first half
of this last fortnight. In the first half, PP prices
increased marginally in Asian market due to
improved buying sentiments in the region coupled
with firm upstream energy values. During the
second half, PP price kept inert in Asian market
and European market while declined in U.S.A
market. In Asian market, PP prices kept inert and
opened without any change from previous week
due to mute buying sentiments in the region.
Benzene
In Asian market, Benzene market showed firm
performance and prices increased due to firm
Crude oil value coupled with bullish buying
sentiments in the regions. In the U.S.A market,
Benzene prices increased due to firm energy
value in the region coupled with bullish buying
sentiments. In the second half of last fortnight,
Benzene market prices increased due to
improved downstream demand coupled with firm
Benzene prices reported in the U.S.A market
during the second half.
Caprolactam
CPL market presented soft outlook and prices
remained stable due to subdued demand from the
downstream buyers during the first half. CPL
market maintained a weak consolidation and
prices were relatively stable due to weak support
from the downstream buyers and unfavourable
market fundamentals during the first half. During
the second half in Asia, CPL market continued to
present weak performance and prices were
relatively stable due to weak demand from the
downstream buyers during that period.
Nylon Chips
In the last fortnight, selling offers for Nylon chips
declined at slow and steady pace. In the
beginning of the last fortnight, demand for Nylon
chips in global market slowed down, due to
weakness in downstream sector. In the second
half of last fortnight, prices of Nylon chips
remained stable due to stable feedstock prices in
the upstream market. Downstream buyers
preferred to wait and watch the situation. The
market was steady with thin trading activity.
Nylon Filament Yarn
Nylon filament yarn market maintained a soft
outlook and prices remained stable due to
moderate demand from the downstream buyers in
the Chinese domestic market during the first half.
In spite of firm feedstock market, Nylon filament
yarn prices were relatively stable as due to lack of
support from the downstream buyers and
4. Presented by www.fibre2fashion.com
(Jun 1 - 15, 2014)
unfavourable market outlook during the first half.
Nylon filament yarn market maintained weak
consolidation and prices were unchanged due to
lack of support from the downstream buyers and
weak market fundamentals during the second
half.
Cotton Linters & Pulp
Cotton linter market presented soft appearance
and prices remained stable due to subdued
demand from the downstream buyers in the
Chinese domestic market. Imported dissolving
pulp market presented soft performance and
prices remained stable due to sluggish demand
from the downstream market during the first half.
Cotton linter market showed soft performance and
prices remain stable due to sluggish demand from
the downstream market in the Chinese domestic
market during the second half. Imported
dissolving pulp market showed modest outlook
and prices were relatively stable due to subdued
demand from the downstream buyers during the
second half.
Viscose Staple Fibre
Viscose staple fibre market improved and prices
remained stable due to robust demand from the
downstream buyers during the first half. Viscose
staple fibre market showed sign of improvement
and prices remained stable as downstream
buyers actively participated in transactions and
purchased goods on rigid demand during that
period. Viscose staple fibre market showed
modest outlook and prices remained stable due to
subdued demand from the downstream market in
the Chinese domestic market during the second
half.
Viscose Filament Yarn
Viscose filament yarn market showed soft outlook
and prices remained stable due to subdued
demand from the downstream buyers in the
Chinese domestic market. Viscose filament yarn
market weakened due to lack of support from the
downstream buyers and weak market
fundamentals during the first half. Viscose
filament yarn market remained mediocre and
prices were relatively stable as downstream
buyers showed no enthusiasm in buying and kept
sideline stance during the second half.
Spandex
In the last fortnight, Spandex prices remained
unchanged because of steady market
fundamentals. Weaker demand for Spandex
resulted in less trading activity. Traders cut back
the stocks by being vigilant about purchasing
further goods. In the second half, Spandex prices
continued to remain steady. The traders were
cautious and held a wait and watch stance till
there is any further improvement in the market
conditions. During the entire fortnight, there were
minor fluctuations in prices but sellers firmly held
their offers and avoided sales at the lower prices.
Cotton
International cotton market showed modest
outlook and prices remained range bound due to
moderate demand from the downstream buyers
and weak market fundamentals during the first
half. In India, Cotton market maintained a weak
tone and prices went down due to lack of support
from the downstream buyers and weak market
sentiments during the first half. International
cotton market showed weak appearance and
prices declined due to sluggish demand from the
downstream buyers and ample of product
availability in the market outlook during the
second half.
Wool
Wool market followed an upward trend in
Australia market during the first half of last
fortnight. Wool market continued to follow a
downward 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