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Presented by www.fibre2fashion.com
(13 – 26 Feb, 2015)
Crude Oil
Crude oil prices went up during 2nd week of
February due to higher demand forecast for
Crude oil by oil cartel Organization of Petroleum
Exporting Countries (OPEC) coupled with went up
in prices was also a result of fall in the value of
the US dollar. The Crude oil prices rose owing to
a decline in Libyan oil output following a spurt in
violence in the war-torn country. State-owned
National Oil Corporation (NOC) has stated that an
explosion at a key oil pipeline on February, 2015
hampered supplies of crude oil.
Naphtha
During 2nd week of February, price of Naphtha
increased as squeezed supplies and
unexceptionally strong spot demand from North
Asia ahead of refinery maintenance and delays in
shipments from Europe and a lack of US cargoes
have prompted prices to spike in recent weeks.
Naphtha prices went up in European market due
to multiple plants maintenance shutdowns
coupled with strong Asian demand. Naphtha
prices went up by more than 7.0% in CFR FE
Asia and SE Asia market in the 2nd week of the
February as compared to 1st week. The Naphtha
price went up by 3.08% in European market.
Paraxylene
Paraxylene Prices went up during last fortnight
due to Crude oil and Naphtha market high
upstream energy values coupled with strong
buying sentiments witnessed in the region.
Paraxylene prices improved during 3rd week of
February due to optimistic market fundamental.
Prices of Paraxylene went up by more than 5.0%
in global market due to improved the downstream
demand coupled with tight product availability in
the region.
Purified Terephthalic Acid
PTA prices increased by 5.89% in CNF India
during 3rd week of February due to bullish buying
sentiments. PTA prices went up in CFR FE Asia
and CFR SE Asia due to improved trading activity
in the region. PTA prices went up due to bullish
buying trends witnessed in key markets such as
China ahead of the Lunar New Year holidays
coupled with higher upstream energy values.
During 2nd week of February, PTA prices
increased due to strong downstream demand
coupled with bullish buying sentiments.
Ethylene
The price surge was recognized to improve in
upstream Crude and Naphtha prices coupled with
improved regional demand. Ethylene prices went
up in European market during last fortnight due to
firmer upstream energy value in the region.
European markets experienced an expected
increase of 7% during the week from start to the
end. Price improved due limited product
availability in the region coupled with bullish
buying sentiments. In the US market went down
by 1.73% due to dull demand.
Monoethylene Glycol
In Asian market, selling offers for MEG went up
compared to last fortnight. MEG prices increased
due to improved the downstream demand
coupled with optimistic market fundamental.
During last fortnight, MEG prices remained stable
in European market due to mute buying
sentiments coupled with firm energy market.
During last week of January, MEG prices went up
in Asian market whereas remained steady in
Europe and the U.S.A.
Presented by www.fibre2fashion.com
(13 – 26 Feb, 2015)
PET Chips
PET chips market showed strong outlook and
prices went up due to bullish demand from the
downstream market coupled with improved in
trading activity in the Chinese domestic market
during 2
nd
week of February 2015. Polyester chips
market moved up in tandem with firm feedstock
market and favorable market fundamentals in the
2nd week of February, 2015. Trading atmosphere
in PET chips market continuously retreated
approaching holiday.
Polyester Staple Fibre
Polyester staple fibre market showed strong
outlook and prices increased marginally due to
firm demand from the downstream buyers in the
Chinese domestic market during the last fortnight.
In the international market, prices for 1.4 Den
PSF improved by 1.0% compared to 1st week of
February 2015. Prices went up due to favorable
market fundamentals. During 2nd week of
February, Polyester staple fibre market improved
and prices increased due to firm feedstock market
coupled with good support from the downstream
buyers.
Polyester Filament Yarn
Polyester filament yarn market steady sentiments
and prices fluctuate marginally due to firm
demand from the downstream market in China.
Polyester filament market sank in holiday mood
as downstream plants have widely shutdown.
Most downstream plants have finished stocking-
up last fortnight. Given limited inventory, modest
profits, Polyester Filament plants far and wide
steady offers this week. During 3rd week of
February, PFY market remained steady due to
mute buying sentiments.
Propylene
In Asian market, Propylene prices gained on the
back of improved buying interest for the spot
cargoes coupled with limited product availability in
the region. The FOB Korea market, Propylene
monthly average price went up by 7.10% in
compared to previous fortnight. In U.S.A. market,
selling offers for Propylene prices increased due
to limited product avails owing to planned plant
turnarounds in the region. During the 3rd week of
this February, Propylene prices went up in Asian
market by 4.0 % and rose by 2.35% in the US and
by 6.9% in Europe.
Acrylonitrile
Prices of Acrylonitrile declined during this fortnight
in Asian market due to ample of product
availability coupled with the downward pressure
seen further intensifying in key markets such as
China ahead of the Lunar New Year holidays.
Compared to February 2014, the average price
during the review period has seen a decline of
21.57%. In Europe, prices fell was a result of a
combination of bearish triggers including softer
demand trends, plentiful regional product
availability coupled with a steep fall in feedstock
prices.
Acrylic Staple Fibre
Acrylic staple fibre market showed modest
outlook and prices remained stable due to
subdued demand from the downstream buyers in
the Chinese domestic market during the 3rd week
of February. Acrylic staple fibre market
Presented by www.fibre2fashion.com
(13 – 26 Feb, 2015)
maintained weak consolidation and prices were
relatively stable due to sluggish demand from the
downstream buyers and uncertain market
fundamentals during that period. In spite of firm
feedstock market, Acrylic staple fibre market
remained stable as downstream buyers showed
moderate buying interest and replenished goods
on need-to-basis during the last fortnight.
Polypropylene
In the last fortnight, PP prices went up in Asian
market because of strong downstream demand
including strong feedstock prices across Asia. In
the U.S.A market, selling offers for PP went up
due to firmer upstream energy value coupled with
limited product availability in the region. During
2nd week of February Polypropylene price
remained steady in Asian market due to firm
energy in market. In the 3rd week of February PP
prices increased due to strong upstream energy
value coupled with firm feedstock.
Benzene
Compared to January 2015, the average price
during the February, 2015 has seen a surge of
more than 2.3 %. In Asian market, Benzene
market presented strong energy value and prices
increased due to strong demand from the
downstream market and favorable market
fundamentals during that period. In the Rotterdam
market, Benzene prices declined due to sluggish
buying sentiments coupled with weak energy
market. In the U.S.A market, Benzene prices went
down due to bearish buying sentiments during 3rd
week of February.
Caprolactam
During 2ndweek of February, CPL market upward
trend and prices went up due to bullish demand
from the downstream buyers during that period.
CPL market maintained a strong consolidation
and prices were relatively improved due to firm
energy market coupled with favorable market
fundamentals during the last fortnight. In Asian
market, CPL market continued to present steady
performance and prices were relatively stable due
to firm demand from the downstream buyers
during the 3rd week of February.
Nylon Chips
During last fortnight, Nylon chips prices improved
marginally in Asian market due to strong demand
and firm upstream energy value. The market
witnessed strong trading activities along with
bullish buying sentiments in the market. Nylon
chips prices went up due to strong market
fundamentals. Prices went up on account of
strong demand and bullish feedstock market in
Asian market. Nylon Chips prices remained
steady due to mute buying sentiments during 3rd
week of February, 2015.
Nylon Filament Yarn
Nylon filament yarn market showed modest
outlook and prices remained steady due to
bearish downstream demand in the Chinese
domestic market during last fortnight. During the
2nd week of February, NFY prices in NE Asia for
70 denier yarn remained steady due to mute
buying sentiments. NFY market prices kept stable
due to firm energy market during the 3rd week of
February.
Presented by www.fibre2fashion.com
(13 – 26 Feb, 2015)
Cotton Linters & Pulp
Cotton linter market showed weak appearance
and prices remained stable due to subdued
demand from the downstream buyers in the
Chinese domestic market. Cotton linter market
maintained a weak tone and prices were relatively
steady due to lack of support from the
downstream buyers and weak market
fundamentals during the last fortnight. Imported
dissolving pulp market showed soft outlook and
prices remained stable-to-soft due to subdued
demand from the downstream market during the
last fortnight.
Viscose Staple Fibre
Viscose staple fibre market showed soft
performance and prices went down due to
subdued demand from the downstream buyers
during 2nd week of February. Viscose staple fibre
market maintained weak tone and prices kept
falling amid lack of demand from the downstream
buyers and unfavorable market fundamentals.
There were rumors about huge quantity of goods
sold in the market at lower rate which affected
market sentiments somewhat during that period.
Viscose Filament Yarn
Viscose filament yarn market soft performance
and prices remained stable due to subdued
demand from the downstream buyers in the
Chinese domestic market. Viscose filament yarn
market weakened as downstream buyers showed
no high enthusiasm in buying and kept sideline
stance during the last fortnight.
Spandex
During the last fortnight, Spandex offers opened
at the same level as that of last time. Spandex
unit restarted gradually and supplies got ease but
wait and watch stance of buyer ruined the
Spandex prices.
Cotton
The cotton market went up due to bullish demand
from the downstream buyers and favorable
market outlook during last fortnight. International
cotton market showed strong outlook and prices
went up due to improved demand coupled with
bullish buying sentiments during last fortnight.
China cotton market prices also went up. Indian
cotton prices enhanced due to strong demand
from the downstream buyers and firm New York
cotton market during that period.
Wool
Wool market followed downward trend in
Australian market during last fortnight.
.
Contact us to get the complete latest issue of the report:
Team Market Intelligence
Mobile: +91-990.994.1400 Tel: +91- 79- 71 888 575
Email: customercare@fibre2fashion.com

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Textile Market Watch Synopsis Feb 26_15

  • 1. Presented by www.fibre2fashion.com (13 – 26 Feb, 2015) Crude Oil Crude oil prices went up during 2nd week of February due to higher demand forecast for Crude oil by oil cartel Organization of Petroleum Exporting Countries (OPEC) coupled with went up in prices was also a result of fall in the value of the US dollar. The Crude oil prices rose owing to a decline in Libyan oil output following a spurt in violence in the war-torn country. State-owned National Oil Corporation (NOC) has stated that an explosion at a key oil pipeline on February, 2015 hampered supplies of crude oil. Naphtha During 2nd week of February, price of Naphtha increased as squeezed supplies and unexceptionally strong spot demand from North Asia ahead of refinery maintenance and delays in shipments from Europe and a lack of US cargoes have prompted prices to spike in recent weeks. Naphtha prices went up in European market due to multiple plants maintenance shutdowns coupled with strong Asian demand. Naphtha prices went up by more than 7.0% in CFR FE Asia and SE Asia market in the 2nd week of the February as compared to 1st week. The Naphtha price went up by 3.08% in European market. Paraxylene Paraxylene Prices went up during last fortnight due to Crude oil and Naphtha market high upstream energy values coupled with strong buying sentiments witnessed in the region. Paraxylene prices improved during 3rd week of February due to optimistic market fundamental. Prices of Paraxylene went up by more than 5.0% in global market due to improved the downstream demand coupled with tight product availability in the region. Purified Terephthalic Acid PTA prices increased by 5.89% in CNF India during 3rd week of February due to bullish buying sentiments. PTA prices went up in CFR FE Asia and CFR SE Asia due to improved trading activity in the region. PTA prices went up due to bullish buying trends witnessed in key markets such as China ahead of the Lunar New Year holidays coupled with higher upstream energy values. During 2nd week of February, PTA prices increased due to strong downstream demand coupled with bullish buying sentiments. Ethylene The price surge was recognized to improve in upstream Crude and Naphtha prices coupled with improved regional demand. Ethylene prices went up in European market during last fortnight due to firmer upstream energy value in the region. European markets experienced an expected increase of 7% during the week from start to the end. Price improved due limited product availability in the region coupled with bullish buying sentiments. In the US market went down by 1.73% due to dull demand. Monoethylene Glycol In Asian market, selling offers for MEG went up compared to last fortnight. MEG prices increased due to improved the downstream demand coupled with optimistic market fundamental. During last fortnight, MEG prices remained stable in European market due to mute buying sentiments coupled with firm energy market. During last week of January, MEG prices went up in Asian market whereas remained steady in Europe and the U.S.A.
  • 2. Presented by www.fibre2fashion.com (13 – 26 Feb, 2015) PET Chips PET chips market showed strong outlook and prices went up due to bullish demand from the downstream market coupled with improved in trading activity in the Chinese domestic market during 2 nd week of February 2015. Polyester chips market moved up in tandem with firm feedstock market and favorable market fundamentals in the 2nd week of February, 2015. Trading atmosphere in PET chips market continuously retreated approaching holiday. Polyester Staple Fibre Polyester staple fibre market showed strong outlook and prices increased marginally due to firm demand from the downstream buyers in the Chinese domestic market during the last fortnight. In the international market, prices for 1.4 Den PSF improved by 1.0% compared to 1st week of February 2015. Prices went up due to favorable market fundamentals. During 2nd week of February, Polyester staple fibre market improved and prices increased due to firm feedstock market coupled with good support from the downstream buyers. Polyester Filament Yarn Polyester filament yarn market steady sentiments and prices fluctuate marginally due to firm demand from the downstream market in China. Polyester filament market sank in holiday mood as downstream plants have widely shutdown. Most downstream plants have finished stocking- up last fortnight. Given limited inventory, modest profits, Polyester Filament plants far and wide steady offers this week. During 3rd week of February, PFY market remained steady due to mute buying sentiments. Propylene In Asian market, Propylene prices gained on the back of improved buying interest for the spot cargoes coupled with limited product availability in the region. The FOB Korea market, Propylene monthly average price went up by 7.10% in compared to previous fortnight. In U.S.A. market, selling offers for Propylene prices increased due to limited product avails owing to planned plant turnarounds in the region. During the 3rd week of this February, Propylene prices went up in Asian market by 4.0 % and rose by 2.35% in the US and by 6.9% in Europe. Acrylonitrile Prices of Acrylonitrile declined during this fortnight in Asian market due to ample of product availability coupled with the downward pressure seen further intensifying in key markets such as China ahead of the Lunar New Year holidays. Compared to February 2014, the average price during the review period has seen a decline of 21.57%. In Europe, prices fell was a result of a combination of bearish triggers including softer demand trends, plentiful regional product availability coupled with a steep fall in feedstock prices. Acrylic Staple Fibre Acrylic staple fibre market showed modest outlook and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market during the 3rd week of February. Acrylic staple fibre market
  • 3. Presented by www.fibre2fashion.com (13 – 26 Feb, 2015) maintained weak consolidation and prices were relatively stable due to sluggish demand from the downstream buyers and uncertain market fundamentals during that period. In spite of firm feedstock market, Acrylic staple fibre market remained stable as downstream buyers showed moderate buying interest and replenished goods on need-to-basis during the last fortnight. Polypropylene In the last fortnight, PP prices went up in Asian market because of strong downstream demand including strong feedstock prices across Asia. In the U.S.A market, selling offers for PP went up due to firmer upstream energy value coupled with limited product availability in the region. During 2nd week of February Polypropylene price remained steady in Asian market due to firm energy in market. In the 3rd week of February PP prices increased due to strong upstream energy value coupled with firm feedstock. Benzene Compared to January 2015, the average price during the February, 2015 has seen a surge of more than 2.3 %. In Asian market, Benzene market presented strong energy value and prices increased due to strong demand from the downstream market and favorable market fundamentals during that period. In the Rotterdam market, Benzene prices declined due to sluggish buying sentiments coupled with weak energy market. In the U.S.A market, Benzene prices went down due to bearish buying sentiments during 3rd week of February. Caprolactam During 2ndweek of February, CPL market upward trend and prices went up due to bullish demand from the downstream buyers during that period. CPL market maintained a strong consolidation and prices were relatively improved due to firm energy market coupled with favorable market fundamentals during the last fortnight. In Asian market, CPL market continued to present steady performance and prices were relatively stable due to firm demand from the downstream buyers during the 3rd week of February. Nylon Chips During last fortnight, Nylon chips prices improved marginally in Asian market due to strong demand and firm upstream energy value. The market witnessed strong trading activities along with bullish buying sentiments in the market. Nylon chips prices went up due to strong market fundamentals. Prices went up on account of strong demand and bullish feedstock market in Asian market. Nylon Chips prices remained steady due to mute buying sentiments during 3rd week of February, 2015. Nylon Filament Yarn Nylon filament yarn market showed modest outlook and prices remained steady due to bearish downstream demand in the Chinese domestic market during last fortnight. During the 2nd week of February, NFY prices in NE Asia for 70 denier yarn remained steady due to mute buying sentiments. NFY market prices kept stable due to firm energy market during the 3rd week of February.
  • 4. Presented by www.fibre2fashion.com (13 – 26 Feb, 2015) Cotton Linters & Pulp Cotton linter market showed weak appearance and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market. Cotton linter market maintained a weak tone and prices were relatively steady due to lack of support from the downstream buyers and weak market fundamentals during the last fortnight. Imported dissolving pulp market showed soft outlook and prices remained stable-to-soft due to subdued demand from the downstream market during the last fortnight. Viscose Staple Fibre Viscose staple fibre market showed soft performance and prices went down due to subdued demand from the downstream buyers during 2nd week of February. Viscose staple fibre market maintained weak tone and prices kept falling amid lack of demand from the downstream buyers and unfavorable market fundamentals. There were rumors about huge quantity of goods sold in the market at lower rate which affected market sentiments somewhat during that period. Viscose Filament Yarn Viscose filament yarn market soft performance and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market. Viscose filament yarn market weakened as downstream buyers showed no high enthusiasm in buying and kept sideline stance during the last fortnight. Spandex During the last fortnight, Spandex offers opened at the same level as that of last time. Spandex unit restarted gradually and supplies got ease but wait and watch stance of buyer ruined the Spandex prices. Cotton The cotton market went up due to bullish demand from the downstream buyers and favorable market outlook during last fortnight. International cotton market showed strong outlook and prices went up due to improved demand coupled with bullish buying sentiments during last fortnight. China cotton market prices also went up. Indian cotton prices enhanced due to strong demand from the downstream buyers and firm New York cotton market during that period. Wool Wool market followed downward trend in Australian market during last fortnight. . Contact us to get the complete latest issue of the report: Team Market Intelligence Mobile: +91-990.994.1400 Tel: +91- 79- 71 888 575 Email: customercare@fibre2fashion.com