Market Watch Synopsis of last ( August 01 - 15, 2014 ) 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 Aug 17_14
1. Presented by www.fibre2fashion.com
(Aug 1 - 15, 2014)
Crude Oil
During the first half of the last fortnight, Crude oil
price declined due to increase in oil exports from
Iraq coupled with rise in the value of the US
dollar. During the second half of last fortnight,
Nymex Crude oil prices went down due to
increase in U.S.A Crude and gasoline inventories
resulted in the fall in prices. Crude oil prices went
down during the second half triggered by the
American Petroleum Institute (API) stated that
crude-oil inventories and gasoline inventories
increased.
Naphtha
In the first half of the last fortnight, Naphtha prices
declined in line with upstream energy market.
Possible oversupply in market and high in-flow of
deep-sea cargo of Naphtha compounded
pressure on active sellers and favoured buyers
who held their active buying. During the second
half, Naphtha prices went down in global market
because of weak energy market coupled with dull
demand. In Asian market ample product supplies
and weak demand were still putting pressure on
the market.
Paraxylene
In the first half PX prices went down on account of
bearish market sentiments. PX prices fell due to
sluggish downstream demand coupled with ample
supply in the market. The fall in the upstream
energy values and downstream prices have also
contributed to the price drop of PX in Asian
market. During the second half, PX price went up
due to strong market fundamentals. Prices
increased due to the increasing feedstock prices
coupled with the short covering activity in the
region.
Purified Terephthalic Acid
During first half of the last fortnight, selling offers
for PTA remained flat due to weak buying
sentiments and sluggish downstream demand. In
Asian market PTA prices were steady during the
first half due to lackluster demand and high
inventory levels. During the second half, selling
offers for PTA went up due to strong market
sentiments. Rise in the feedstock prices led to an
increase in PTA prices in the Asian market. In
European market, selling offers for PTA remained
stable.
Ethylene
During the first half of this last fortnight Ethylene
prices surged marginally in Asian market due to
improved downstream demand coupled with
limited availability in the region. During the
second half, Ethylene prices declined due to weak
buying trends and sluggish demand for Ethylene
in the market. The trading activity was also
affected with very less number of deals being
closed. In European market, Ethylene prices
declined, due to bearish outlook and decline in
the upstream prices in the region.
Monoethylene Glycol
During the first half of this last fortnight, MEG
prices remained stable due to mute buying
sentiments. Weaker demand, adequate product
supply coupled with poor feedstock prices had
resulted in the stable of MEG prices. In the
second half of last fortnight, MEG price increased
due to strong market fundamentals. Limited
product availability coupled with bullish buying
trends led to a surge in the MEG prices in the
Asian region.
2. Presented by www.fibre2fashion.com
(Aug 1 - 15, 2014)
PET Chips
PET chips market fluctuated and prices remained
stable due to subdued demand in the Chinese
domestic market during the first half. Polyester
chips market maintained fluctuation due to firm
feedstock market and weak downstream demand
from the downstream buyers during the first half.
PET fibre chips market presented soft outlook and
prices remained stable due to sluggish demand
from the downstream buyers in the Chinese
domestic market during the second half.
Polyester Staple Fibre
Polyester staple fibre market followed a
downward trend and prices went down due to
subdued demand from the downstream buyers in
the Chinese domestic market during the first half.
In the USD based export market, prices for 1.4
Den PSF went down compared to last time due to
sluggish demand from the downstream buyers.
Polyester staple fibre market improved but prices
remained stable due to moderate demand from
the downstream buyers in the Chinese domestic
market during the second half.
Polyester Filament Yarn
Polyester filament yarn market showed soft
performance and prices remained stable due to
subdued demand from the downstream buyers in
the Chinese domestic market. In spite of firm
feedstock market, PFY prices remain were
relatively stable as downstream buyers showed
no high buying indications and kept sideline
stance during the first half. PFY market
maintained a soft outlook and prices remained
stable due to subdued demand from the
downstream market in the Chinese domestic
market during the second half.
Propylene
During the first half, selling offers for propylene
prices declined due to weak upstream energy
values coupled with bearish buying trend in the
region. In Asian markets, Propylene price
declined due to weak demand from downstream
market coupled with unfavorable market
fundamental. In the second half, Propylene prices
opened with downward trend in the global market.
In Asian market selling offers for Propylene prices
went down due to bearish buying sentiments
coupled with poor feedstock prices.
Acrylonitrile
In the first half of the last fortnight, ACN prices
surged due to bullish market sentiments. There
was considerable improvement in the buying
sentiments which led to the rise in demand for
ACN in the market. Increasing demand coupled
with tight supply led the ACN prices to head
northwards. In the second half ACN prices
increased further due to improved buying trends.
ACN prices increased due to increased demand
and tight supply of the product in the Asian
market.
3. Presented by www.fibre2fashion.com
(Aug 1 - 15, 2014)
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. Acrylic staple fibre
market sentiments remained lacklustre and
trading activities were thin during the first half.
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 second
half.
Polypropylene
During the last fortnight, selling offers for PP
opened with steady sentiments and increased
marginally by the end of the last fortnight. In the
second half of last fortnight, PP price increased
marginally in Asian market and kept inert in
European and U.S.A market. In Asian market, PP
prices surged due to firm buying sentiments. In
European market, selling offers for PP kept
unchanged due to unfavorable market
fundamental.
Benzene
In Asia, Benzene market showed a downward
trend and prices declined due to ample of product
availability in the region coupled with weaker
downstream demand during the first half. In the
Europe market, Benzene prices declined due to
weak downstream demand coupled with
unfavourable market fundamental, together
pushed prices lower in the region. In the second
half, Benzene market increased due to bullish
buying sentiments in the regions coupled with
improved downstream demand in the region.
Caprolactam
CPL market showed a firm performance and
prices went up due to robust demand from the
downstream buyers during the first half. CPL
market recovered and prices inched up as
downstream buyers showed modest intentions in
buying and replenished stocks during the first
half. CPL market presented soft outlook and
prices remained stable due to subdued demand
from the downstream buyers during the second
half. Majority of CPL suppliers were unwilling to
release offers during that period, while others kept
stable offer during the second half.
Nylon Chips
In the last fortnight, prices of Nylon chips increase
on account of strong market sentiments. Demand
for the product was firm and hence there were
high trading activities. The downstream market
reported firm demand. During the second half of
the last fortnight, Nylon chips prices remained
steady due to sluggish demand and steady
feedstock market. In the second half of the last
fortnight, demand for Nylon chips remained weak,
with sluggish trading activity.
Nylon Filament Yarn
Nylon filament yarn market showed modest
outlook and prices remained stable due to
subdued demand from the downstream buyers in
the Chinese domestic market during the first half.
Nylon filament yarn prices were relatively stable
as downstream buyers showed limited intentions
in buying and stayed away from the market during
the first half. NFY market maintained weak tone
4. Presented by www.fibre2fashion.com
(Aug 1 - 15, 2014)
and prices were relatively stable due to lack of
support from the downstream buyers and
unfavourable market fundamentals during the
second half.
Cotton Linters & Pulp
Cotton linter market showed firm appearance but
prices remained stable due to sluggish demand
from the downstream buyers in the Chinese
domestic market. Imported dissolving pulp market
showed soft outlook and price remained stable-to-
soft due to subdued demand from the
downstream market during the first half. Cotton
linter market continued to maintain a weak
outlook and prices remain stable due to subdued
demand from the downstream market in the
Chinese domestic market during the second half.
Imported dissolving pulp market presented soft
outlook and prices were relatively stable due to
subdued demand from the downstream buyers
during the second half.
Viscose Staple Fibre
Viscose staple fibre market presented firm stance
but prices were remain stable due to subdued
demand from the downstream buyers during the
first half. Viscose staple fibre market softened and
prices were relatively stable as downstream
buyers showed limited intentions in buying and
stayed away from the market during that period.
Viscose staple fibre market continued to weak
performance and prices remained stable due to
subdued demand from the downstream market in
the Chinese domestic market during the second
half.
Viscose Filament Yarn
Viscose filament yarn market remained moderate
and prices were relatively stable due to lack of
support from the downstream buyers and weak
market outlook during the first half. In the second
half, VFY market continued to maintain a soft
performance and prices remained stable due to
subdued demand from the downstream buyers in
the Chinese domestic market. VFY market
maintained a weak consolidation and prices were
relatively stable due to lack of support from the
downstream buyers during the second half.
Spandex
In the last fortnight, Spandex prices went down
due to weak market sentiments. The Spandex
market observed weak trading activities. Prices
reduced on account of easing of the tight
Spandex supply in the market and less demand
from the downstream market. There were less
trading activities in the market. In the second half,
Spandex prices remained to steady. During the
entire fortnight, traders were cautious for any
further purchased which lead to weak trading
activity.
Cotton
International cotton market showed stable outlook
and prices kept inert due to firm demand from the
downstream market coupled with less cotton
supply and demand during the first half. In India,
Cotton market went down with the support of
standing crop favourable rainfall. International
cotton market followed a downward trend and
prices declined due to subdued demand from the
downstream buyers and weak market
fundamentals during the second half.
Wool
Wool market increased in Australia market during
the first half of last fortnight. Wool market followed
a downward 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