Market Watch Synopsis of last (May 15 - 31 2013) which contain details of Crude Oil, Naphtha, Purified Terephthalic Acid, Ethylene, Paraxylene, Monoethylene Glycol etc are discuss in the doc just go through it which is presented by fibre2fashion

1. Presented by www.fibre2fashion.com
(May 15 - 31, 2013)
Crude Oil
In the first half of last fortnight, selling offers for
Crude oil declined on account of rise in gasoline
inventories in the US and weak economic data
emerged out from China. In the second half of last
fortnight, selling offers for Crude oil prices
declined as US greenback bounced back in
international currency market. An increase in the
value of the US greenback prompts investors to
offload their stakes in dollar-denominated
commodities like crude, sending prices lower.
Naphtha
In the last fortnight, Naphtha selling offers
increased. In the early first half of last fortnight,
Naphtha prices surged due to firm demand from F
E Asian region and moderate supply. In the
European market, selling offers for Naphtha
declined during the period. In the second half of
last fortnight, Naphtha prices were stable-to-firm
as Asia faces ample supply from northwest
Europe and the U.S.A.
Paraxylene
In the last fortnight, selling offers for PX went
down with support of unfavorable market
fundamentals. In the beginning of the first half of
last fortnight, selling offers for PX plunged in the
Asian region, due to a decline in downstream
demand. In the second half of last fortnight, PX
market declined slowly. Selling offers for PX
declined in Asian markets due to weak energy on
one hand coupled with poor upstream demand
which further turned bearish.
Purified Terephthalic Acid
In the early stage of last fortnight, selling offers for
PTA went up marginally in Asian markets due to
firm feedstock values. Buyers and sellers both
maintained their firm stance of wait and watch. In
the last fortnight, selling offers for PTA remained
unchanged. During the second half of last
fortnight, selling offers for PTA were steady in
Asian markets due to dull buying pulse and
unworkable costs of feedstock coupled with
availability of PTA.
Ethylene
In the first half of last fortnight, Ethylene prices
increased in Asian and U.S.A markets while in the
European markets, prices declined speculatively.
Ethylene prices increased in Asian markets due to
firm downstream market coupled with tight
product availability. In the second half, selling
offers for Ethylene increased significantly. In the
beginning of last fortnight, Ethylene prices shot up
significantly in Asian markets due to production
activities rather than developments in energy
markets.
Monoethylene Glycol
In the last fortnight, MEG prices increased a little
bit. In the early stage of last fortnight, MEG
market opened with an optimistic sentiment. In
Asian markets MEG prices went up due to higher
polyester co-feedstock price and coupled with
improved demand from the downstream market.
In the last fortnight, MEG selling offers declined.
During the second half of last fortnight, MEG
prices declined in Asian markets due to ample of
product availability, coupled with weak
downstream demand and sluggish regional
buying interest.

2. Presented by www.fibre2fashion.com
(May 15 - 31, 2013)
PET Chips
PET chips market remained in bearish tone and
prices went down marginally during the first half of
last fortnight. PET producers revised down offers
in order to reduce inventory pressure during the
period. On the other side, downstream buyers
were cautious and showed limited interest in
buying the goods during the period. PET Chips
prices followed a downward trend due to subdued
demand from the downstream market in the
Chinese domestic market during the second half
of last fortnight.
Polyester Staple Fibre
Polyester staple fibre market fluctuated and prices
were stable due to improved demand from the
downstream market and the Chinese domestic
market during the first half. Polyester staple fibre
producers kept stable offers during that period.
On the other side, downstream buyers were still
cautious and purchased on need basis towards
the end of the first half. Polyester staple fibre
prices remained stable due to sluggish demand
from the downstream market in the Chinese
domestic market during the second half.
Polyester Filament Yarn
Polyester filament yarn market presented a soft
outlook and prices were relatively stable-to-soft
due to subdued demand from the downstream
market in the Chinese domestic market. Polyester
filament yarn prices remained stable initially,
which decreased gradually towards the end of the
first half of last fortnight due to lack of support
from the downstream market. Polyester filament
yarn market sentiments remained lackluster due
to unfavorable market fundamentals during the
second half.
Propylene
In the last fortnight, selling offers for Propylene
surged in Asian markets due to higher upstream
energy rates coupled with improved buying
activity. In the second half of last fortnight,
Propylene prices opened with stable sentiment.
Propylene market speculators in Asia expected
firm prices in the near future due to improved
demand trends in the region coupled with a rise in
downstream prices. In the U.S.A market, selling
offers for Propylene prices increased due to
improved demand.
Acrylonitrile
In the early first half of last fortnight, ACN prices
declined in the global markets due to sluggish
demand coupled with poor buying sentiments. In
the European market, selling offers for ACN
declined due to lack of buying and softer demand.
In the early second half of last fortnight, ACN
prices were stable in the Asian markets due to
optimistic market fundamentals and revival of
demand at the end of season. In the European
market, selling offers for ACN declined due to
weak demand.

3. Presented by www.fibre2fashion.com
(May 15 - 31, 2013)
Acrylic Staple Fibre
ASF market continued to maintain a weak tone
and prices remained stable due to subdued
demand from the downstream buyers in the
Chinese domestic market. Acrylic staple fibre
prices were relatively stable due to weak market
fundamentals and lack of support from the
downstream buyers during the first half. ASF
prices presented a modest performance and
prices were stable due to subdued demand from
the downstream buyers in the Chinese domestic
market during the second half.
Polypropylene
In the first half of last fortnight, selling offers for
PP increased in Asian markets except China,
mainly due to improvement in feedstock prices
coupled with tight availability. In the second half of
last fortnight, market opened with an optimistic
mood. Selling offers for PP in Asian markets
increased due to improved demand trends in the
region as buyers were refilling their low
inventories. In the European market, selling offers
for PP surged due to increased feed stock prices
coupled with tight product availability.
Benzene
In Asia, Benzene market followed a downward
trend due to subdued demand from the
downstream market during the first half of last
fortnight. Benzene prices declined in line with
weak energy value coupled with the fall recorded
in European Benzene market. In the second half
of last fortnight, Benzene market showed signs of
improvement and prices remained stable in the
Asian markets due to moderate buying
sentiments in the regions during that period.
Caprolactam
CPL market showed signs of improvement and
prices went up due to firm demand from the
downstream market during the first half. Majority
of CPL suppliers lifted their nomination prices,
which affected market prices during the first half
of last fortnight. In the Chinese domestic market,
CPL market remained firm due to robust demand
from the downstream market. During the second
half in Asian markets, CPL market followed an
upward trend and prices went up in tandem with
feedstock market.
Nylon Chips
Nylon Chips price increased in the last fortnight
due to favorable market fundamentals.
Downstream buyers have maintained bullish
sentiment as upstream market situation remained
firm. Even purchasing from textile sector was
strong as demand from lining market was firm.
Demand from downstream Nylon weavers and
their purchasing power were well-built. In the
second half, Nylon chips market surged due to
firm support from market fundamentals.
Nylon Filament Yarn
Nylon filament yarn market presented a soft
performance and prices remained stable due to
subdued demand from the downstream buyers in
the Chinese domestic market during the first half.

4. Presented by www.fibre2fashion.com
(May 15 - 31, 2013)
Nylon filament yarn producers operated the plants
at normal capacity during that period. On the
other side, downstream buyers were still cautious
and purchased on need-to-basis during the first
half. Nylon filament yarn prices were stable due to
lack of support from the downstream textile mills
in the second half.
Cotton Linters & Pulp
Cotton linter market portrayed a soft appearance
and prices remained stable due to moderate
demand from the downstream cotton pulp market
in the Chinese domestic market. Imported
dissolving pulp market presented a modest
appearance during the first half. Cotton linter
market continued to present a weak outlook and
prices remained stable due to subdued demand
from the downstream market in the Chinese
domestic market during the second half.
Dissolving pulp prices remained stable in both
domestic and import market.
Viscose Staple Fibre
Viscose staple fibre market remained flat and
prices stabilized after falling during the first half of
last fortnight. Viscose staple fibre trading
sentiments remained lackluster and buying
momentum was dull during the first half of last
fortnight. Viscose staple fibre market presented a
soft outlook and prices were relatively stable due
to subdued demand from the downstream market
in the Chinese domestic market during the
second half.
Viscose Filament Yarn
Trading sentiments of Viscose filament yarn
remained lackluster and buying momentum was
insipid during the first half. Majority of Viscose
filament yarn producers revised down offer prices,
but downstream buyers kept away from the
market and showed no enthusiasm in buying
during that period. In the second half, Viscose
filament yarn market showed a soft appearance
and prices went down due to sluggish demand
from the downstream market in the Chinese
domestic market.
Spandex
In the last fortnight, selling offer for Spandex
increased. In the beginning of last fortnight,
sellers maintained stable-to-firm offers due to
moderate support from feedstock prices. Trading
volume was moderate but flow of inquiries
increased as more downstream players
participated actively. In the second half, Spandex
market opened with an optimistic sentiment. In
the beginning of the second half, firm feedstock
prices and thin margin of suppliers allowed little
room for price adjustment in spite of insipid
trades.
Cotton
International cotton market followed a downward
trend due to lack of support from the downstream
buyers during the first half of last fortnight. Cotton
prices declined in line with weak macro-economic
outlook during the period. International cotton
market followed downward trend due to weak
market fundamentals during the second half of
last fortnight. Cotton planting progress in U.S.A
improved but trading sentiments remained
lackluster during that period.
Wool
Wool prices went up during the first half of last
fortnight in Australia. Sales are in recess in South
Africa until 5 June. In New Zealand, sale was
cancelled due to the small number of bales
roistered for sale. Wool prices followed an upward
trend during the second half of last fortnight in
Australia. Buyers for China were dominant, with
support from buyers for India, Europe and Korea.
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Ms. Pinky Roshan
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Email: pinky@fibre2fashion.com