Market Watch Synopsis of last ( January 15 - 29, 2015 ) 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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(Jan 15 - 29, 2015)
Crude Oil
Crude oil prices declined during last fortnight,
triggered by the fuel inventory report brought out
by the U.S.A (EIA) which stated that Crude oil
inventories increased. Crude oil prices plunged by
5.5% during the Week 3 due to weak economic
data emerging from the U.S.A. Crude oil prices
surged marginally by 0.4% in the fourth week of
January 2015 due to decline in value of U.S.A
Dollars coupled with cold weather in the U.S.A
market.
Naphtha
Naphtha prices continuously declined from
August 2014 to 3rd week of January 2015. In the
Asian market, average Naphtha price declined
significantly in January 2015 as compared to
previous month. Naphtha prices declined
marginally by 0.65% in CFR FE Asia and SE Asia
market in third week of the month as compared to
2nd week. The Naphtha price increased by 5% in
European market. Naphtha prices increased in
Asian market as well as in European market
during 4th week of January.
Paraxylene
Paraxylene prices went down by 6% in Asia,
Europe and U.S.A. Paraxylene prices decreased
due to sluggish buying sentiments during the third
week. Paraxylene prices surged during 4th week
by 5% in all major regions due to higher upstream
energy values coupled with improved downstream
demand. Price rebounded on arbitrage demand
and good demand for polyester products during
4th week of January.
Purified Terephthalic Acid
3rd week of January saw a 4% decrease in the
PTA prices from beginning to end in the Asian
markets due to weak energy in market coupled
with bearish downstream demand. Average PTA
prices went up in CFR SE Asia, CFR FE Asia &
China, and CNF India during the 4th week of
January as compared to the third week. In
European market, selling offers for PTA declined
significantly. In the U.S.A, selling offers for PTA
remained steady.
Ethylene
The 3rd week of January saw a 2.7% decrease in
the Ethylene prices in the Asian markets.
European markets experienced a significant
decrease during the week from start to the end;
FD US Gulf prices in the US decreased as well.
Ethylene prices declined in Global market during
4th week of January 2015. Price declined due to
weak downstream demand coupled with bearish
buying sentiments.
Monoethylene Glycol
MEG market sentiments were down due to weak
support from the downstream buyers and poor
market fundamentals in Asian market during 3rd
week of January. During the last week, selling
offers for MEG increased by 4.38 percent in Asian
market due to improved downstream demand
coupled with bullish buying trend. Price remained
steady in Europe and U.S.A market.
PET Chips
PET chips market maintained a weak appearance
and prices continued to fall due to sluggish
2. Presented by www.fibre2fashion.com
(Jan 15 - 29, 2015)
demand from the downstream buyers in the
Chinese domestic market during the last fortnight.
PET Chips prices went down due to bearish
petrochemical sector coupled with pessimistic
market fundamentals during the last fortnight but
started to recover towards the end. In the
international market, Polyester chips prices
declined due to dull upstream energy value
coupled with dull demand sentiments in the
region.
Polyester Staple Fibre
Polyester staple fibre market showed weak
outlook and prices went down due to subdued
demand from the downstream market in the
Chinese domestic market during last fortnight.
Polyester staple fibre prices went down as
downstream buyers showed no buying intentions
and amid weak market fundamentals during 3rd
week of January. Polyester staple fiber moved
down in 3
rd
week due to plunging crude oil.
Polyester staple fibre market maintained a weak
tone and prices remained stable due to the
subdued demand from downstream market in the
Chinese domestic market during 4th week of
January.
Polyester Filament Yarn
Polyester filament yarn market showed modest
outlook as downstream buyers showed limited
buying intentions and stayed away from the
market amid weak market outlook during last
fortnight. Polyester filament yarn market showed
soft outlook and prices went down due to
subdued demand from the downstream market in
the Chinese domestic market during 3rd week of
January. During 4th week of January, PFY market
maintained steady trend and prices remained
stable in tandem with firm feedstock market in the
Chinese domestic market.
Propylene
The Propylene prices have witnessed a steep
upward trend continuously from January 1st week
to 4th week of the current year. During 3rd Week
of January 2015, Propylene price increased by 5
percent due to limited product availability in FOB
Korea and by 1% surged in the US, decreased by
3% in Europe. Price declined due to pessimistic
market fundamentals. Propylene prices surged in
Asian market by 8.50 percent during the 4th week
of this current month compared to 3rd week.
Propylene price declined by 2.53 percent in the
Europe.
Acrylonitrile
Prices of ACN declined on the back of a weak
sentiment due to decline in upstream energy
values coupled with poor buying interest in the
region. In Europe, prices fell on account of the
lack of buying, weaker upstream propylene values
and softer demand in the downstream markets.
ACN prices continued falling in global market
during 4th week of January due pessimistic
market fundamental.
Acrylic Staple Fibre
Acrylic staple fibre market showed modest
performance and prices were relatively stable due
to weak support from the downstream buyers and
unfavorable market outlook during last fortnight.
Acrylic staple fibre market remained lackluster in
the Chinese domestic market as downstream
buyers showed less interest in buying and stayed
away from the market during the last fortnight.
Acrylic staple fibre market showed modest
outlook and prices remained stable due to
subdued demand from the downstream buyers
during the 3rd week of January.
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(Jan 15 - 29, 2015)
Polypropylene
During 3rd week of January Polypropylene price
remained steady in Asian market due to weak
energy market amid bearish in buying activity in
the region. In the 4th week of January PP prices
continued to remain steady due to firm feedstock
price coupled with firm energy in market.
Benzene
During the last week, selling offers for benzene
declined by 6 percent in Asian market and 0.14
percent in European market due to ample of
product availability in the region. Price declined by
1.99% in the U.S.A. Benzene prices increased
significantly in Global market, surged by 11% in
Asia, 6.00% in Europe and 7.00% in U.S.A.
during the 4th week of January 2015 mainly due
to optimistic market fundamental.
Caprolactam
CPL prices went down in line with poor feedstock
market and poor market fundamentals during last
fortnight. CPL market maintained a weak
consolidation as downstream buyers showed no
enthusiasm in buying amid uncertain market
outlook in the Chinese domestic market during
last fortnight. During 4th week of January
Caprolactam prices continued falling, a drop of
6.45% over the previous week. Caprolactam price
declined due to poor market fundamentals.
Nylon Chips
During last fortnight, Nylon chips prices declined
in Asian market due to weakness in downstream
sector. Selling offers for Nylon chips opened with
softening trend during the 3rd week of January
2015 and declined continuously during the 4th
week of January. Nylon chips prices went down in
Asian market due to product availability in the
region. During 3rd week Nylon Chips prices in
China declined due to weak energy market. This
week experienced a drop of 4.5% over the
previous one.
Nylon Filament Yarn
Nylon filament yarn market followed weak outlook
and prices declined due to weak demand from the
downstream buyers in the Chinese domestic
market during last fortnight. Nylon filament yarn
market downward trend and prices declined as
feedstock market remained down during last
fortnight. NFY market prices went down due to
unfavorable market fundamentals during the 3rd
week of January. During the fourth week of the
month, NFY prices in NE Asia for 70 denier yarn
continued to downward trend due to bearish
downstream demand.
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(Jan 15 - 29, 2015)
Cotton Linters & Pulp
Cotton linter market presented a weak
performance and prices remained stable due to
subdued demand from the downstream buyers in
the Chinese domestic market. Cotton linter
market maintained a weak consolidation and
prices remained stable due to lack of demand
from the downstream buyers and unfavourable
market fundamentals during 4th week of January.
Imported dissolving pulp market showed weak
outlook and prices remained stable due to
subdued demand from the downstream market
during the last fortnight.
Viscose Staple Fibre
Viscose staple fibre market showed weak
appearance and prices went down due to
subdued demand from the downstream buyers
during last fortnight. Viscose staple fibre market
maintained weak consolidation and prices kept
falling amid sluggish market fundamentals during
last fortnight. There were rumors about low price
product availability in the market, which affected
market fundamentals during the 4th week of
January. Viscose staple fibre market remained
lackluster and trading atmosphere was bearish as
demand failed to improve during the 4th week of
January.
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. Viscose filament
yarn market continued to steady trend in
International market.
Spandex
In the last fortnight, Spandex prices remained
stable. The traders were cautious and held a wait
and watch stance till there is any changes in the
market conditions.
Cotton
The cotton market plunged due to sluggish
demand from the downstream buyers and
unfavorable market outlook during last fortnight.
International cotton market followed weak outlook
and prices declined due to weak downstream
demand and bearish market fundamentals during
last fortnight. China cotton market also downward
trend and prices went down due to weak energy
in market. Indian cotton prices moved down due
to sluggish demand from the downstream buyers
and weak New York cotton market during that
period.
Wool
Wool market showed downward trend in
Australian market during last fortnight. The AWEX
Eastern Market Indicator (EMI) declined.
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