Market Watch Synopsis Oct 17_2013
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Market Watch Synopsis Oct 17_2013

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Market Watch Synopsis of last (October 01-15, 2013) which contain details of Crude Oil, Naphtha, Purified Terephthalic Acid, Ethylene, Paraxylene, Monoethylene Glycol, Polyester Filament Yarn etc are ...

Market Watch Synopsis of last (October 01-15, 2013) 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.

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Market Watch Synopsis Oct 17_2013 Market Watch Synopsis Oct 17_2013 Document Transcript

  • Presented by www.fibre2fashion.com Crude Oil Purified Terephthalic Acid During the first half of the last fortnight, selling offers for Crude oil price went down due to rise in U.S.A fuel inventories coupled with fall in U.S.A equity indices. In the second half, selling offers for Crude oil was volatile due to depreciating value of the U.S.A dollar on the one hand and coupled with reduction of sanctions on Iran. Brent crude prices decreased on hopes that renewed negotiations between Iran and western powers are likely to lead to an easing of sanctions on the Islamic Republic. In the last fortnight, selling offers for PTA were volatile in action. During the first half of the last fortnight, selling offers for PTA declined in line with unworkable costs of feedstock. PTA prices slide down in Asian market, because of sluggish buying trends in key markets like China due to National Day holidays. During the second half of the last fortnight, PTA market went through a dead lock situation and hence, price did not change much. Naphtha In the last fortnight, prices of Naphtha declined mainly due to weak support from upstream markets and weak cues from global economical markets. In Asian market, outlook remained weak as demand was hampered as Chinese region was celebrating the National Day holidays. During the second half of the last fortnight, Naphtha prices surged due to bullish buying sentiments coupled with expected multiple plant outages in the same season. Ethylene In the beginning of the first half of the last fortnight, Ethylene prices followed mixed sentiment due to weak margins in downstream market. During the first half of the last fortnight, selling offer for Ethylene surged in Asian market where as in European and U.S.A market, Ethylene prices declined. In the second half, Ethylene prices increased in Asian markets due to improved buying sentiments coupled with tight product availability and with optimistic buying support from Chinese markets. Paraxylene Monoethylene Glycol In the last fortnight, selling offers for PX declined. In the beginning of the first half of last fortnight, selling offers for PX went down in the Asian market, due to plunge in upstream energy value coupled with dull buying sentiments owing to lack of absence of Chinese buyers. In the early second half of the last fortnight, PX prices surged in Asian market, which was triggered by higher upstream energy value coupled with gain in feedstock prices. In the last fortnight, MEG selling offers declined. During the last fortnight, MEG prices went down due to ample of regional availability, coupled with weak downstream demand and sluggish regional buying interest. In the second half of last fortnight, MEG prices stayed steady due to firm energy market. During the second half of the last fortnight, MEG prices kept inert in Asian markets due to improved upstream energy value coupled with firm buying sentiments. (Oct 1 - 15, 2013)
  • Presented by www.fibre2fashion.com Polyester Filament Yarn Polyester filament yarn market presented a soft outlook and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market. Polyester filament yarn prices stayed stable due to National Day holiday approaching in the Chinese domestic market during the first half. Polyester filament yarn market presented a soft outlook and prices went down due to subdued demand from the downstream buyers in the Chinese domestic market. PET Chips Propylene PET chips market presented a modest outlook and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the first half. PET chips market followed a downward trend and prices went down due to subdued demand from the downstream market in the Chinese domestic market during the second half of this last fortnight. PET chip prices declined due to unfavorable market fundamentals during the second half. In the last fortnight, selling offers for Propylene was volatile in action. In Asian markets Selling offers for Propylene price declined due to mute buying interest in the region because of in key markets like China, National Day holidays. In the second half of the last fortnight, Propylene prices declined. In the beginning of the second half of the last fortnight, Propylene price plunged down in Asian market due to weak upstream energy value coupled with bearish buying sentiments in the region. Acrylonitrile In the last fortnight, selling offers for ACN were volatile action in global market. In the beginning of the first half of last fortnight, ACN sellers successfully drove the price higher in Asian markets due to tight product availability. In the second half of the last fortnight, ACN prices opened with volatile action. During the second half of the last fortnight, ACN prices increased due to improved the buying sentiment coupled with limited availability. Polyester Staple Fibre Polyester staple fibre prices remained stable due to sluggish demand in the Chinese domestic market amid National Day Holidays approaching during the first half. Polyester staple fibre prices presented a soft appearance and prices went down due to subdued demand from the downstream market in the Chinese domestic market during the second half. Polyester staple fibre prices went down due to unfavourable macro economy outlook and weak support from the downstream buyers during the period. (Oct 1 - 15, 2013)
  • Presented by www.fibre2fashion.com Acrylic Staple Fibre Acrylic staple fibre market presented soft outlook and prices remained unchanged due to moderate demand from the downstream buyers in the Chinese domestic market. Acrylic staple fibre market presented soft appearance and prices remained stable due to moderate demand from the downstream buyers in the Chinese domestic market during the second half. Acrylic staple fibre USD based import market presented weak performance as downstream buyers showed no enthusiasm in buying during the period. the first half. In the second half, Benzene market improved and prices followed an upward trend due to firm buying sentiments in the region during the period. In the European market, Benzene prices declined due to sluggish demand from the downstream market and sharp drop recorded in downstream values. Caprolactam CPL market presented modest outlook and prices remained stable due to subdued demand from the downstream buyers and weak market fundamentals during the first half. During the second half in Asia, CPL market remained firmed due to tight product availability during the period. CPL suppliers increased offer prices slightly during the second half. On the other side, downstream buyers showed limited interest in buying and purchased on need-to-basis during the second half. Polypropylene During the last fortnight, PP prices declined marginally due to weak energy market. In the beginning of the first half of the last fortnight, PP prices firmed up in Asian market, in line with firm feedstock price and energy market. During the second half of the last fortnight, selling offers for PP were volatile in action. In Asian market, selling offers for PP showed mixed sentiment due to firm energy market coupled with balanced market fundamentals. Nylon Chips Price of Nylon Chips remained stable-to-firm during the first half. In the early first half, demand from the downstream was relatively weak due to sluggish buying trends in key markets like China due to National Day holidays. In the second half, offers for Nylon Chip improved very slowly as support for the market remained stable to firm. During the second half, few of Nylon Chip producers cut down their plant operational rate, as well as their feedstock material turn costlier, which motivated for a successful price hike. Nylon Filament Yarn Benzene In Asia, Benzene market showed weak performance and prices declined due to subdued demand from the downstream buyers coupled with the sluggish upstream energy market during Nylon filament yarn market showed weak appearance and prices remained stable due to moderate demand from the downstream buyers in the Chinese domestic market during the first half. Nylon filament yarn prices remained unchanged as downstream buyers gradually returned back from the holidays during the second half of last fortnight. In the USD based Asian markets, nylon (Oct 1 - 15, 2013)
  • Presented by www.fibre2fashion.com filament yarn prices went up due to high production cost. Viscose Filament Yarn Viscose filament yarn market presented modest appearance and prices were relatively stable due to moderate demand from the downstream market in the Chinese domestic market. Viscose filament yarn market remained dreary and prices were relatively stable, as downstream buyers were not actively participating during the second half. Viscose filament yarn industry meeting was held in Beijing to discuss about price increase during the second half. Spandex Cotton Linters & Pulp Cotton linter market presented 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 showed modest performance and prices remained stable due to moderate demand from the downstream market during the first half. Cotton linter market showed moderate appearance and prices remained stable due to subdued demand in the Chinese domestic market during the second half. Dissolving pulp market showed soft outlook and prices were relatively stable due to moderate demand during the second half. Viscose Staple Fibre Viscose staple fibre market showed modest appearance and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the first half. Viscose staple fibre market improved somewhat after holidays but prices remained stable due to moderate demand from the downstream market in the Chinese domestic market during the second half. Some VSF producers raised offer prices with consideration of anti-dumping investigation against imported pulp during that period. In the beginning of the first half of the last fortnight, Spandex offers opened at the same level. In the first half, Spandex unit restarted gradually and supplies got ease but wait-andwatch stance of buyer ruined the Spandex prices. Selling offers for Spandex remained steady. In the earlier part of the second half of the last fortnight, Spandex offers opened at the same level, but with the support of firm trading volume Spandex sellers maintained stable prices. Cotton International cotton market followed an upward trend initially, which moved down gradually toward the end of the first half. International cotton market improved in the early days of the first half due to the possible influence of major cotton belts from the typhoon, but prices declined gradually affected by the shutdown of US government during the first half. International cotton market followed a downward trend due to subdued demand from the downstream market and weak market fundamentals during the second half. Wool Wool market followed an upward trend in Australia market during the first half of last fortnight. Wool market followed an upward 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 (Oct 1 - 15, 2013)