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Textile Market Watch Report - May 15 2012

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Market watch report for Crude Oil, Naphtha, Ethylene, Paraxylene, Monoethylene Glycol, Purified Terephthalic Acid, Propylene, PET Chips, Acrylonitrile, Polyester Staple Fibre, Polyester Filament Yarn, …

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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  • 1. Presented by www.fibre2fashion.comCrude 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 ofdeclined. 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 theirwith a mixed sentiment. Overall, Crude oil market inventories, but purchasing was in small packetswas optimistic, as Chinese purchasing manager only.index increased. In the second half of the lastfortnight the price of Crude oil declined sharply.The fall in Crude oil price was mainly due torumors that Euro-region is expected to buckleunder the pressure of influence.NaphthaIn the last fortnight the prices of Naphtha declinedin line with energy market. During the first half ofthe last fortnight, Naphtha price opened withbearish sentiment in Asian market. In the secondhalf of the last fortnight, selling offers for Naphthawent down at a constant pace. In Asian markets,demand was poor but supply of cargo was Ethyleneconstant, 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 Ethylenebound 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, MEGParaxylene market reaction was quite quick. During the first half of the last fortnight, MEG offers remained firmIn the last fortnight, PX market declined due to on the back of supply curb. In the second half ofpessimistic market sentiments, like weak the last fortnight, MEG offers remained firm on thedownstream demand and sluggish buying back of cues of multiple plant outage across theinterest. In Asian market, selling offer for PX globe. Even curb of MEG supply from U.S.Adeclined in Asia, due to raw material prices from market, supported the sellers side. By the end ofdownstream market and weak buying trends. In the last fortnight, firm buying trend in MEGthe second half of the last fortnight the selling continued to supportive by tightness in supplyoffers 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 Asianregion.Purified Terephthalic AcidIn the last fortnight the selling offers for PTAexhibited range bound sentiment. During the firsthalf of the last fortnight the selling offers for PTAwent up. By the end of the first half of the lastfortnight the price of PTA turned soft. In the (May 01 - 15, 2012)
  • 2. Presented by www.fibre2fashion.com 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 firstPET Chips half of the last fortnight, Propylene prices opened with a ranged bound in Asian market. In U.S.APolyester chip market followed an upward trend market, price of Propylene declined due toand prices went up in the last fortnight in the bearish demand factor. In the second half of theAsian region in USD based market. Despite of last fortnight, Propylene price continued to movefavorable macroeconomic outlook, polyester chip down. Propylene sellers noted that curb on supplymarket was stable after May Day holidays. It is did not affect bearish trends of market, asexpected that the polyester chip market will be flat inventories with the downstream market wasfor the short run in line with the demand and appropriate.stable feedstock market. Polyester chip marketfollowed a downward trend and prices went down Acrylonitrilein USD based market during the second half ofthis 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 FibrePolyester staple fibre market remained stable inthe Asian region in USD based market during thefirst half of this last fortnight. Polyester staple fibreprices were stable amid weak market sentimentdue to Labor Day holidays in the Chinesedomestic market. There was no inventorypressure as producers were running the plants aslow rate during that period. Polyester staple fibre Acrylic Staple Fibremarket followed a stable trend during the secondhalf of this last fortnight in the Asian region in Acrylic staple fibre market followed a stable trendUSD based market. and prices remained steady in the Asian region in USD-based market but transactions remainedPolyester Filament Yarn subdued due to lack of demand from the downstream market. Acrylic staple fibre marketPolyester filament yarn market remained almost did not recover after holidays as some producersstable this time in the Asian region in USD based were still on holidays. Acrylic fiber import market (May 01 - 15, 2012)
  • 3. Presented by www.fibre2fashion.comcontinued to witness subdued transactions during and July. In U.S.A market, Benzene producingthe second half of this last fortnight. Overall, plants under pre-maintenance, startedacrylic 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.PolypropyleneIn the last fortnight, selling offers forPolypropylene increased. In the beginning of thelast fortnight, Polypropylene price increased veryquickly in tandem with raw material prices. Withreturn of Chinese speculators, buying mood wasseen improved and sellers confidence too. PPsellers were successfully driving spot prices to thehigher level. In the second half of the lastfortnight, PP price went up smoothly. PP sellersdid not face much resistance while increasing Nylon ChipsFebruary 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 inBenzene Asian region during the first half of this last fortnight. Downstream traders were not showingIn the last fortnight, selling offers for Benzene interest in buying materials after May Daydeclined slowly. In the beginning of the last holidays during the first half. It is expected thatfortnight, 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 andacross the globe. In the second half of the last prices remained almost stable in USD basedfortnight, downstream converters of Benzene market in the Asian region during the second halfstayed 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 wasCotton Linters & Pulp moderate demand from mesh fabric manufactures which maintained stable trend, moreover supplyCotton linter prices were stable-to-up during the of Spandex yarn was stable and cash flow infirst half of this last fortnight in the Chinese market was sufficient, provided firm pricedomestic market after the May Day holidays. fundamentals in Spandex market. Similar firmDomestic dissolving pulp producers intended to trend was observed in price of Spandex inraise offers, while actual trades were maintained International markets.at previous levels. Cotton linter price went downduring the second half of this last fortnight in the CottonChinese domestic market. There were not manyoffers on dissolving pulp market. Cotton linter and Cotton prices went down sharply in New Yorkpulp prices are expected to remain stable under during the first half of this last fortnight after Indiabearish expectations in downstream sector. removed its ban on cotton exports, therefore boosting prices on its domestic market. CottonViscose Staple Fibre prices collapsed in New York during the second half of this last fortnight, after the US DepartmentViscose prices remained steady at the beginning of Agriculture (USDA) predicted a new surge inof 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 samewith relatively high operating rates while period in line with the international market.downstream plants purchasing slowly, so price isnot expected to go up. The confidence on viscose Woolstaple market weakened as a whole, and playersbecame more bearish as the market was involved Wool prices followed the upward trend during thein weak adjustments during the second half of this first half of this last fortnight in Australia. Saleslast fortnight in the Chinese domestic market. were in recess in South Africa until second half of this last fortnight. Wool price followed theViscose Filament Yarn downward trend in Australian market during the second half of this last fortnight. During theViscose filament yarn market continued to follow second half of this last fortnight, the market wasa stable trend and prices remained steady in again characterised by soft demand. Buyers forAsian region in USD based market this time as China were dominant, followed by buyers forwell. 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)

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