Market Watch Synopsis of last ( 19 Jun - 02 Jul, 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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Textile Market Watch Synopsis Jul 03_2015
1. Presented by www.fibre2fashion.com
(19 Jun – 02 Jul, 2015)
Crude Oil
Crude oil prices declined marginally during last
fortnight due to increase in Crude oil production
by Saudi Arabia. By the end of the 4thweek of
June, 2015 Crude oil prices declined marginally
due to increased Crude oil production in global
market. The Crude oil prices decreased on
reports that oil cartel Organization of Petroleum
Exporting Countries (OPEC) has increased its
collective oil production.
Naphtha
Naphtha prices went down during last fortnight
due to weak downstream demand coupled with
increased supplies from Europe. In Asia, selling
offers for Naphtha decreased due to poor
downstream demand from plastic sector.
Naphtha prices declined during 4thweek of June
compared to previous week, Prices decreased
due to weak demand seen from North Asia
following a series of purchases last week.
Naphtha prices decreased in Asia during 3rdweek
of June due to bearish buying sentiments.
Paraxylene
Paraxylene market prices went up during last
fortnight due to high upstream energy values and
a sharp rise in feedstock prices. The market was
stable in the beginning of the week, but prices
climbed up later. Paraxylene prices increased in
Asia during last fortnight due to bullish buying
sentiments. European market also faced similar
scenario and price moved upward, the movement
was helped by firmer upstream energy values
coupled with limited regional product availability.
Purified Terephthalic Acid
PTA prices remained steady in CFR FE Asia and
CFR SE Asia terms due to mute buying
sentiments coupled with weak downstream
demand in the region. PTA prices remained
stable in CNF India terms during last fortnight due
to poor market fundamentals. PTA prices
remained steady during 3rdweek of June due to
mute buying sentiments. Average PTA prices
remained almost stable during 4thweek of June
due to poor market fundamentals.
Ethylene
Ethylene prices increased marginally in Asia
during last fortnight due to optimistic market
fundamental. The Ethylene prices increased in
FOB Japan terms during last fortnight due to
limited product availability. Ethylene prices
decreased in Europe during last fortnight of June
due to weaker downstream product demand
coupled with ample product availability. In the US,
Ethylene prices remained flat from the previous
week because of bearish buying sentiments.
Monoethylene Glycol
In Asia, selling offers for MEG decreased
compared to previous fortnight. MEG prices
declined owing to pessimistic market
fundamentals coupled with weak downstream
demand. In the CNF SE Asia, MEG fortnightly
average price went down by 15% as compared to
previous fortnight. During last fortnight, MEG
prices remained steady in Europe due to sufficient
product availability coupled with weaker
downstream demand.
2. Presented by www.fibre2fashion.com
(19 Jun – 02 Jul, 2015)
PET Chips
PET chips market followed a downward trend and
prices declined due to weak downstream demand
coupled with a poor week on week decrease in
upstream energy value. PET chips market
decreased during last week, amid stable-to-weak
downstream demand. Market performance was
poor in the 4thweek of June. PET Chips prices
went down due to weak feedstock price, poor
upstream energy values coupled with weak
demand in the Chinese domestic market.
Polyester Staple Fibre
Polyester staple fibre prices went down due to
bearish downstream demand in the Chinese
domestic market during the last fortnight. In the
international market, prices for 1.4 Den PSF
decreased in last fortnight of June compared to
earlier fortnight. Prices went down due to
unfavorable market fundamentals. Polyester
staple fibre prices went down due to the weak
energy in the market during the 3rdweek of June.
Polyester Filament Yarn
Polyester filament yarn market sentiments went
downward and prices decreased in the Chinese
domestic market. Polyester filament market prices
went down due to weak buying sentiments during
4thweek of June. Polyester filament yarn market
prices went down marginally during the last
fortnight due to bearish sales and weak feedstock
prices. Polyester filament yarn prices went down
due to weak demand in the Chinese domestic
market during 3rdweek of June.
Propylene
In Asia, Propylene prices went up during 4thweek
of June due to bullish buying interests coupled
with the limited product availability in the region
due to planned and unplanned plant shutdowns
for maintenance. In the FOB Korea terms,
Propylene last fortnightly average price increased
compared to previous fortnight. In Europe,
Propylene prices remained steady due to ample
product availability going forward and with the
restart of the plant in the region.
Acrylonitrile
Prices of Acrylonitrile went down during last
fortnight in Asia due to poor feedstock values, and
persistent weak demand trends in the region
together pushed prices lower. Average
Acrylonitrile prices went down during the 4thweek
of this month. In Europe, selling offers for ACN
remained steady compared to earlier fortnight.
Prices remained unchanged due to mute buying
sentiments. In the US, selling offers for ACN went
down due to poor raw material prices in the
region.
Acrylic Staple Fibre
Acrylic staple fibre market showed soft outlook
and prices remained steady due to poor demand
from the downstream buyers in the Chinese
domestic market during last fortnight. Majority of
Acrylic staple fibre producers released their June
nominations nearly steady from previous fortnight
settlement prices. Acrylic staple fibre prices
remained steady due to thin trading activity during
3rdweek of June, 2015. During 4thweek of June
as well the Acrylic staple fibre prices continued to
remain steady due to mute buying sentiments.
3. Presented by www.fibre2fashion.com
(19 Jun – 02 Jul, 2015)
Polypropylene
During last fortnight, Polypropylene prices went
down in Asia because of poor buying sentiments
coupled with bearish downstream demand.
Polypropylene prices decreased marginally during
the 3rdweek of June to 4thweek of June due to
poor energy in market. PP prices decreased
continuously during the 4thweek of June due to
poor energy in the market.
Benzene
In Asia, Benzene market showed firm outlook and
prices went up due to strong downstream
demand. In Europe, Benzene prices went up due
to improved downstream demand. In US,
Benzene prices improved due to optimistic market
fundamentals during 4thweek of June. Benzene
prices increased in global market during 3rdweek
of June, 2015 due to strong downstream demand.
In the 4thweek of June, Benzene prices improved
in Global market due to firm feedstock prices.
Caprolactam
During 3rdweek of June, CPL market followed
weak market outlook and prices decreased due to
ample product availability in the Chinese domestic
market coupled with weak downstream demand.
In Asia, CPL market continued its downward
performance and prices relatively decreased due
to poor energy market during the 4thweek of
June. During 3rdweek of June, Caprolactam
prices decreased compared to previous week due
to weak downstream demand.
Nylon Chips
During last fortnight, Nylon chips prices went
down in Asia due to weak energy in market
coupled with bearish downstream demand. The
market witnessed thin trading activities along with
poor buying sentiments during 4thweek of June,
2015. Nylon chips prices went down marginally
due to poor market fundamentals. Prices
decreased on account of weak demand and
bearish feedstock market in Asia. Nylon Chips
prices decreased continuously due to poor
demand in the region during 4thweek of June,
2015.
Nylon Filament Yarn
Nylon filament yarn market showed weak outlook
and prices decreased due to bearish downstream
demand in the Chinese domestic market during
last fortnight. Market was weak and producers
showed intention to decrease the prices, although
buying from downstream industry was moderate.
During the 3rdweek of June, NFY prices
decreased marginally due to poor buying
sentiments. NFY market prices decreased
continuously due to weak buying sentiments
during the 4thweek of June.
Cotton Linters & Pulp
Cotton linter market experienced weak outlook
and prices went down due to weak energy in the
4. Presented by www.fibre2fashion.com
(19 Jun – 02 Jul, 2015)
Chinese domestic market. Cotton linter market
displayed a bearish trend and trading activities
were thin as downstream buyers showed no
intentions in buying during that period. Imported
dissolving pulp market showed soft outlook and
prices remained steady due to mute buying
sentiments during the last fortnight.
Viscose Staple Fibre
Viscose staple fiber market prices increased
marginally during last fortnight. There was an
improved trading activity during the period.
Viscose staple fibre market presented a strong
outlook and prices increased due to bullish buying
sentiments in the Chinese domestic market during
the last fortnight. Viscose staple fibre market
followed good performance and prices were
increased marginally as downstream buyers
showed enthusiasm in buying and stayed in the
market during last fortnight.
Viscose Filament Yarn
VFY 133.3 dtex/30F Bright prices remained stable
for FOB Korea; India; and in Turkey in June 2015.
Viscose filament yarn market followed steady
performance due to firm demand from the
downstream buyers in the Chinese domestic
market. Viscose filament yarn prices remained
steady in International market.
Spandex
During the last fortnight, Spandex offers remained
stable in Chinese domestic market. Spandex
market trading activity presented soft outlook due
to weak demand from downstream weaving
markets, but prices unchanged amid sufficient
availability of products.
Cotton
The cotton market prices declined due to poor
demand from the buyers and pessimistic market
fundamentals during last fortnight. International
cotton market showed weak demand and prices
decreased marginally due to weak demand
coupled with dull buying sentiments. China cotton
market prices improved marginally in the
beginning of 4th week and declined by the end of
week.
Wool
Wool price showed downward trend in Australian
market during last fortnight.
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Team Market Intelligence
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