Presented by www.fibre2fashion.com

Crude Oil

In the last fortnight the selling offers for Crude oil declined. In the beginning of the first half of the last fortnight, selling offers for Crude oil opened with a mixed sentiment. Overall, Crude oil market was optimistic, as Chinese purchasing manager 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 constant, as demand from U.S.A remained poor. By the end of the last fortnight, Naphtha price was bound in small range across the global market.

Paraxylene

In the last fortnight, PX market declined due to pessimistic market sentiments, like weak downstream demand and sluggish buying interest. In Asian market, selling offer for PX declined in Asia, due to raw material prices from downstream market and weak buying trends. In the second half of the last fortnight the selling offers for PX continued to decline. In the 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 second half of the last fortnight, selling offers for PTA declined sharply and slack the initial gain. Moreover, start up of fresh capacity and restart of PTA plant added bearish sentiment in the market. PTA consumers were active in building up their inventories, but purchasing was in small packets only.

Ethylene

In the last fortnight the selling offer for Ethylene 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 market reaction was quite quick. During the first half of the last fortnight, MEG offers remained firm on the back of supply curb. In the second half of the last fortnight, MEG offers remained firm on the back of cues of multiple plant outage across the globe. Even curb of MEG supply from U.S.A market, supported the sellers side. By the end of the last fortnight, firm buying trend in MEG continued to supportive by tightness in supply across the Asian markets.

(May 01 - 15, 2012)

Presented by www.fibre2fashion.com

PET Chips

Polyester chip market followed an upward trend and prices went up in the last fortnight in the Asian region in USD based market. Despite of favorable macroeconomic outlook, polyester chip market was stable after May Day holidays. It is expected that the polyester chip market will be flat for the short run in line with the demand and stable feedstock market. Polyester chip market followed a downward trend and prices went down in USD based market during the second half of this last fortnight in the Asian region.

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 market followed a stable trend during the second half of this last fortnight in the Asian region in USD based market.

Polyester Filament Yarn

Polyester filament yarn market remained almost stable this time in the Asian region in USD based 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 half of the last fortnight, Propylene prices opened with a ranged bound in Asian market. In U.S.A market, price of Propylene declined due to bearish demand factor. In the second half of the last fortnight, Propylene price continued to move down. Propylene sellers noted that curb on supply did not affect bearish trends of market, as inventories with the downstream market was appropriate.

Acrylonitrile

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.

Acrylic Staple Fibre

Acrylic staple fibre market followed a stable trend and prices remained steady in the Asian region in USD-based market but transactions remained

(May 01 - 15, 2012)

Presented by www.fibre2fashion.com

subdued due to lack of demand from the downstream market. Acrylic staple fibre market did not recover after holidays as some producers were still on holidays. Acrylic fiber import market continued to witness subdued transactions during the second half of this last fortnight. Overall, acrylic stale fibre market was still under pressure.

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 February contractual price.

Benzene

In the last fortnight, selling offers for Benzene declined slowly. In the beginning of the last fortnight, Benzene market opened with firm sentiment. It was well noticed that buying interest

wane down with the increase in Benzene price across the globe. In the second half of the last fortnight, downstream converters of Benzene stayed apart from the market because weak demand forecasted for plastic sector during June and July. In U.S.A market, Benzene producing plants under pre-maintenance, started 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.

Nylon Chips

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 Asian region during the first half of this last fortnight. Downstream traders were not showing interest in buying materials after May Day holidays during the first half. It is expected that nylon filament yarn market will remain stable-to-

(May 01 - 15, 2012)

Presented by www.fibre2fashion.com

firm in the near team due firm feedstock price. Nylon filament yarn market remained stable and prices remained almost stable in USD based market in the Asian region during the second half of this last fortnight.

Cotton Linters & Pulp

Cotton linter prices were stable-to-up during the first half of this last fortnight in the Chinese domestic market after the May Day holidays. Domestic dissolving pulp producers intended to raise offers, while actual trades were maintained at previous levels. Cotton linter price went down during the second half of this last fortnight in the Chinese domestic market. There were not many offers on dissolving pulp market. Cotton linter and pulp prices are expected to remain stable under bearish expectations in downstream sector.

Viscose Staple Fibre

Viscose prices remained steady at the beginning of this fortnight in the Chinese market. On the other hand, viscose staple fibre plants are running with relatively high operating rates while downstream plants purchasing slowly, so price is not expected to go up. The confidence on viscose staple market weakened as a whole, and players became more bearish as the market was involved in weak adjustments during the second half of this last fortnight in the Chinese domestic market.

Viscose Filament Yarn

Viscose filament yarn market continued to follow a stable trend and prices remained steady in

Asian region in USD based market this time as well. Producers gradually curtailed production and there were gaps between offers and discussion 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 moderate demand from mesh fabric manufactures which maintained stable trend, moreover supply of Spandex yarn was stable and cash flow in market was sufficient, provided firm price fundamentals in Spandex market. Similar firm trend was observed in price of Spandex in International markets.

Cotton

Cotton prices went down sharply in New York during the first half of this last fortnight after India removed its ban on cotton exports, therefore boosting prices on its domestic market. Cotton prices collapsed in New York during the second half of this last fortnight, after the US Department of Agriculture (USDA) predicted a new surge in cotton stocks in the coming season. In China, cotton prices quickly went down during the same period in line with the international market.

Wool

Wool prices followed the upward trend during the first half of this last fortnight in Australia. Sales were in recess in South Africa until second half of this last fortnight. Wool price followed the downward trend in Australian market during the second half of this last fortnight. During the second half of this last fortnight, the market was again characterised by soft demand. Buyers for China were dominant, followed by buyers for Europe, India and Taiwan.

(May 01 - 15, 2012)

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

Ms. Pinky RoshanMobile: +91-990.994.1402 Email: pinky@fibre2fashion.com