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Crude Oil

In the last fortnight, selling offers for Crude oil increased due to geopolitical reasons. In the beginning of the last fortnight, Crude oil price opened with soft sentiment as credit rating agency warned Austria, France and U.K whereas credit rating declined of Malta, Portugal, Slovakia and Spain as well. In the second half of the last fortnight, selling offers for Crude oil continued to increase due to amid tension between U.S.A and Iran. In addition to Syria, unrest in the other countries in Middle East, the oil supply was still at risk and continued to push oil prices higher.

Naphtha

In the last fortnight, Naphtha prices increased with firm support of energy market. In European market also, buying and selling offers were at spree. Many European Naphtha traders shipped their cargo to Asian market. In the second half of the last fortnight, tight supply continued to push Naphtha prices on the higher level. Naphtha traders were seeking European and U.S.A market for April delivery, but it is expected that price may soften form late April. Naphtha price opened with the firm sentiment.

Paraxylene

In the last fortnight, PX prices increased. In the beginning of the first half of the last fortnight, PX price opened with softer sentiment and price of PX declined considerably after five fortnights. In the first half of the last fortnight, there was confusion in market for future direction as feedstock price was bullish but demand from downstream sector was bearish. Cautious buyers stayed aside from market and hesitate from any fresh purchase. In the second half of the last fortnight, PX prices continued to remain bullish in tandem with energy market.

Purified Terephthalic Acid

In the last fortnight, PTA market declined. In the beginning of the last fortnight, PTA price declined significantly in line with PTA futures. Market experts believed that pressure exerted in the market due to sufficient inventories with the downstream plant. In the second half of the last fortnight, selling offers for PTA remained stable. PTA sellers were still optimistic as demand from plastic market remained firm and availability was still moderate. Many PTA plant restarted in the last fortnight would ease availability issues.

Ethylene

In the last fortnight, selling offers for Ethylene increased significantly. In the beginning of the last fortnight, Ethylene price shoot up significantly due to problem reported in regional plants of Asian region. Demand was good as buyers bid up with energy prices marched higher, supported the market outlook for Ethylene in Asia and remained very bullish. In the second half of the last fortnight, selling offers for Ethylene went up at slow and steady pace. Price hike in Ethylene was supported by spike hike in feedstock.

Monoethylene Glycol

In the last fortnight, MEG price declined. In the beginning of the last fortnight, selling offers for MEG declined as buying sentiment declined in market. MEG buyers were quite comfortable while buying, as high volume inventories were reported at Chinese port. In the second half of the last fortnight, selling offers for MEG softened further. Overall, in the second half of the last fortnight, MEG offers were fluctuating in narrow range. Asian MEG market was fatigue, due to weak downstream demand.

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PET Chips

Polyester chip prices went down this time in the Asian region in USD based market. Polyester chip market decreased due to slow recovery of the downstream market and labor shortage. PET bottle grade chip export market followed the similar trend to domestic market in the first half of this last fortnight. In the beginning of the second half, polyester chip prices showed slight correction in the Chinese market. Polyester chips prices are expected to go downward with a weak tome in the short term.

Polyester Staple Fibre

Polyester staple fibre prices went down in the Asian region in USD based market during the first half of this last fortnight. Polyester staple fibre sales were insipid due to weak demand from the downstream market in the first half of this last fortnight. It is expected that polyester staple fibre market will remain stable-to-soft due to slack demand from the downstream market. Polyester staple fibre remained stable to soft during the second half of this last fortnight in the Asian region in USD based market.

Polyester Filament Yarn

Polyester filament yarn market remained weak this time in line with other polyester product due

to weakening market sentiment. Polyester filament yarn price showed downward trend due to quite slow recovery from the downstream market. Polyester filament yarn market remained stable-to-soft during the second half of this last fortnight in the Chinese domestic market. Polyester filament yarn market saw thin liquidity and downward price trend during the period. It is expected that polyester filament yarn prices will decrease further in a short run.

Propylene

In the last fortnight, the selling offers for Propylene decreased. Propylene price was supported by energy market, but due to ease of availability the price of Propylene declined. In the second half of the last fortnight, the decrease in the price of Propylene continued at slower rate. Sellers were ambitiously seeking very sharp price hike but waited for support from contractual sellers. At the end of the last fortnight, many sellers were optimistic for eye-catching of price slide due to downstream demand and expected supply shortage.

Acrylonitrile

In the last fortnight, selling offers for Acrylonitrile went up. In the early last fortnight, ACN price went up due to availability constrained and strong regional buying. In the second half of the last fortnight, ACN price continued to spurt up with support of downstream demand. Many buyers preferred to buy from Asian markets due to cost advantage. By the end of the last fortnight, several Acrylonitrile manufacturers of China, Japan, South Korea and Taiwan, retained a limited supply of ACN due to scheduled maintenance and unexpected turnaround

Acrylic Staple Fibre

Acrylic fibre prices surged up in the Asian region in USD-based market with support from

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increasing feedstock prices and relatively tight supply in the market. Acrylic Staple fibre prices moved up after the holidays, however downstream demand was still poor, which hold back further increase of price. Prices will remain firm going forward but the current uptrend may slow down to some extent as the market awaits downstream yarn sector to pass on this prices increase.

Polypropylene

In the last fortnight, PP price went up. In the early last fortnight, PP prices opened with stable sentiment as buying momentum in Chinese market remained stable. Market sentiment in Asian region was stable due to correction in feedstock prices. Chinese buying sentiment, post the lunar holidays was been disappointing. There were traders with PP stock who have reduced their rates, but PP producers offer price continue to remain firm. In the second half of the last fortnight, offers for PP went up slowly.

Benzene

In the last fortnight, selling offers for Benzene increased at slow and steady rate. In the early last fortnight, Benzene price opened at higher level. Price gain was due to the lack of bullish global energy prices, firmer downstream demand along with tightening regional supplies. In the

second half of the last fortnight, Benzene price went up gradually but it remained range bound due to balanced market fundamentals. Market speculators were optimistic for short term demand as both the downstream sectors were consolidated for long term price rally.

Caprolactam

In the last fortnight, selling offers for CPL declined at regular interval. In the beginning of the last fortnight, selling offers for CPL were steady due to a gap between trading volume and inventories with the producers. Market expert believed that price would decline further as feedstock was growing at very slow rate, while downstream demand remained lackluster. In the second half of the last fortnight, CPL price continued to move down as trading value and volume remained muted. It was hard for most sellers to maintain their profit margin.

Nylon Chips

In the last fortnight, selling offers for Nylon Chip went up slowly. In the beginning of the last fortnight, demand for Nylon Chip in Asian market improved as last four fortnights, consider as traditional plant maintenance season. Many Downstream players maintained hand-to-mouth purchase due to sluggish market condition. During the second half of the last fortnight, Nylon Chip price declined further due to dull demand and inventories accumulation. Buyers did not accept the offer as feedstock price went down, whereas downstream demand was sluggish too.

Nylon Filament Yarn

Nylon filament yarn market went down in USD based market in Asian region during the first half of this last fortnight. It is thus predicted that nylon filament yarn prices will mainly be stable. Overall market was stable and very few transactions were concluded during the first half of this last fortnight.

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Nylon filament yarn market went up in USD based market in Asian region during the second half of this last fortnight. It is expected that nylon filament yarn market will remain stable in the coming fortnight due to moderate support and slow recovery from the downstream market.

Cotton Linters & Pulp

Cotton linter price went down during the first half of this last fortnight in the Chinese domestic market due to weakening buying interest. Cotton linter price continued to follow the downtrend during the second half of this last fortnight in the Chinese domestic market. Cotton linter pulp market was in a stalemate lately towards the end of the fortnight. Cotton linter pulp market was in a stalemate lately towards the end of the fortnight. Cotton linter and pulp prices are expected to remain bearish in line with viscose market sentiment in the coming weeks.

Viscose Staple Fibre

Viscose staple fibre price went down this time in the Chinese domestic market, reflecting some weaker activity. Overall, viscose staple fibre market showed soft appearance and expected to remain bearish in the short term. Viscose staple fibre prices went down during the first half of this last fortnight in the Chinese domestic market as demand from downstream market remained weak. Viscose staple fibre prices continued to slip during the second half of this last fortnight in the Chinese domestic market.

Viscose Filament Yarn

Viscose filament yarn market went up this time in Asian region in USD based market. Viscose filament yarn market presented steady during the

first half of this last fortnight in the Chinese domestic market. Orders in export market were tolerable but downstream plants with reducing profits were not eager to build up stocks, so the inventory increased somehow. Viscose filament yarn prices remained steady as well during the second half of this last fortnight in the Chinese domestic market. A few plants raised offers but some ones still lowered selling rates.

Spandex

In Spandex market, price picked up in tandem with demand during the last fortnight. In the beginning of the first half of the last fortnight, textile sector were reviving most of the deals in small parcel. Spandex sellers kept close eyes on inventories level of downstream consumers while increasing price slowly. In the second half of the last fortnight, selling offers for Spandex inclined. In the early second half of the last fortnight, Spandex offers opened at the same level, but with support of firm trading volume Spandex sellers maintained the higher level.

Cotton

During the last fortnight the prices of Cotton declined. Cotton prices remained relatively stable in China, India and Pakistan in line with similarly stabilised prices on the international markets. Cotton futures remained mostly unchanged on New York's market as well during the period. The Karachi cotton market witnessed a lackluster trading session while lint inflow into the ginneries remained on the higher side. Cotton prices are expected to heavily drop in coming period, mostly due to a lack of demand triggered by a new textile crisis.

Wool

During the last fortnight the prices of Wool increased. Wool prices remained stable during the first half of this last fortnight in Australia. The market started to soften then towards the close of selling. There is a rising feeling of uncertainty on the wool market, regarding future trends in the coming months. Wool prices sharply went down in Australia during the second half. Offerings at this time last year were being boosted by grower responses to the very good market. Buyers for China were dominant followed by buyers for Europe and India.

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