Market Watch Synopsis Feb 17 14

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Information about Market Watch Synopsis Feb 17 14
Business & Mgmt

Published on February 19, 2014

Author: jigarf2f

Source: slideshare.net

Description

Market Watch Synopsis of last (February 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.

Presented by www.fibre2fashion.com Crude Oil Purified Terephthalic Acid During the last fortnight, selling offers for Crude oil prices followed mixed sentiments. Cold weather in the U.S.A pushed prices of Nymex crude oil higher whereas poor global crude oil demand led to a fall in the prices of Brent crude. In the second half, Crude oil prices increased due to decline in U.S.A gasoline and distillate inventories coupled with increased global oil demand. A fall in the value of the US greenback prompts investors to increase their stakes in dollar-denominated commodities like crude, sending prices higher. In the last fortnight, PTA prices showed a range bound trend. During the first half, PTA prices remained stable in Asian market due to dull buying trend in key markets like China on account of the Lunar New Year holidays. In the beginning of the second half of the last fortnight, PTA prices declined. In Asian market selling offers for PTA declined due to poor buying interest in key markets like China, that turned further sluggish on account of the Lunar New Year holidays. Naphtha In the last fortnight, Naphtha prices remained inert despite volatile energy market. In Asian market, major consumer market was shut due to Lunar New Year festival. Naphtha sellers were reluctant to sell cargoes as prices turned better despite of exit of Chinese traders, hence preferred to wait until end of the Chinese New Year holidays. During the second half of the last fortnight, selling offers for Naphtha remained stable as many companies maintained their operational rate at the lower side. Ethylene Ethylene prices went down in the beginning of the first half of this last fortnight, Ethylene prices decreased in Asian market due to bearish buying trends coupled with poor upstream energy value. During the second half of the last fortnight, selling offers for Ethylene mixed sentiments in the Asian market due to correction in feedstock price. In European market, selling offers for Ethylene plunged due to poor upstream energy value coupled with ample of product availability. Monoethylene Glycol Paraxylene Selling offers for PX declined in global market due to weak support from the upstream market coupled with poor energy market during the first half. In the beginning of the first half, selling offers for PX went down in Asian market due to poor buying interest in key markets like China, that turned further sluggish on account of the Lunar New Year holidays. In the second half, PX prices increased due to improved buying sentiments. Selling offers for PX surged in Asian markets due to firm energy market coupled with improved downstream demand. In the beginning of this last fortnight, MEG selling offers showed mixed sentiment. MEG prices went down due to bearish downstream demand coupled with Lunar New Year holidays and high inventory levels of MEG in the Asian market, together pressured prices lower. During the second half, selling offers for MEG showed mixed sentiments. In the beginning of the second half, selling offers for MEG plunged in Asian market due to weak feedstock prices coupled with dull buying trend in key markets like China on account of the Lunar New Year holidays. (Feb 1 - 15, 2014)

Presented by www.fibre2fashion.com Polyester Filament Yarn Polyester filament yarn market presented weak outlook and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market. There was no major movement reported in Polyester filament yarn market as market participants were on holiday mood during the first half. Polyester filament yarn market prices were relatively stable as downstream buyers were still on holiday mood and stayed away from the market in the Chinese domestic market during the second half. PET Chips Propylene PET chips market presented weak appearance and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the first half. PET fibre chips market continued to maintain a weak outlook and prices remained stable due to sluggish demand from the downstream buyers in the Chinese domestic market during the second half. Polyester chips market sentiments remained lackluster and no major movement reported as downstream buyers were still cautious and kept sideline stance amid holiday mood during the second half. Propylene price declined in Asian markets due to weak energy market and poor in downstream demand during the first half. Propylene prices went up during the second half. In Asian market selling offers for Propylene surged due to limited availability coupled with bullish buying sentiments. In N W European market, selling offers for Propylene remained steady due to mute buying sentiments. In U.S.A market, selling offers for Propylene increased marginally due to firm energy market. Acrylonitrile In the first half, ACN price increased due to firm energy market. During the last fortnight, ACN price went up in Asian market due to tight product availability coupled with bullish buying trend in the region. In the second half, ACN price continued to surge with support of downstream demand. Selling offers for ACN in Asian markets continued to increase because of improved buying trends in key markets like China post the Lunar New Year holidays coupled with firmer feedstock prices. Polyester Staple Fibre Polyester staple fibre showed soft performance and prices remained stable due to the subdued demand from downstream market in the Chinese domestic market during the first half. In the USD based export market, prices for 1.4 Den PSF remained stable compared to last time and demand remained subdued from the downstream buyers. Polyester staple fibre market presented a soft appearance and prices remained stable due to subdued from the downstream market in the Chinese domestic market during the second half. (Feb 1 - 15, 2014)

Presented by www.fibre2fashion.com Acrylic Staple Fibre Acrylic staple fibre market showed weak outlook and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market. Majority of Acrylic staple fibre producers were on holidays, while some of them curtailed production during the period. Acrylic staple fibre market improved somewhat after holidays but prices remained stable due to sluggish demand from the downstream buyers in the Chinese domestic market during the second half. declined in Asia in tandem with lackluster market sentiments in the Chinese domestic market amid Lunar year holidays during the first half. In the second half, Benzene market showed modest outlook and prices remained stable due to dull market sentiments in the regions coupled with weak downstream value during the second half. Caprolactam CPL market presented soft outlook and prices remained stable due to subdued demand from the downstream buyers during the first half. During the second half in Asia, CPL market followed a downward trend and prices declined due to subdued demand from the downstream buyers during that period. CPL suppliers revised down offer prices during that period during the second half. On the other side, downstream buyers were still cautious and kept wait-and-see stance amid weak market fundamentals during the second half. Polypropylene During the last fortnight, PP price showed mixed sentiments in Asian market as buying momentum had turned very quiet in China on account of the lunar New Year holidays. PP prices increased in Asian markets due to improved in raw material prices and firm upstream energy value. PP demand was further supported due to limited availability. In European market, selling offers for PP kept stable due to mute buying trend in the region. Nylon Chips In the last fortnight, selling offers for Nylon chips remained steady. In the beginning of the last fortnight, demand for Nylon chips in Asian market kept inert due to sellers said that they were prepared for inactivity in the markets this week owing to the post the Lunar New Year holidays in China and Taiwan. During the second half, demand for Nylon chips remained stable, but overall trading volume remained moderate. Downstream converters continued to purchase to maintain their hand-to-mouth inventories, but only against confirm orders. Nylon Filament Yarn Benzene In Asian market, Benzene market showed weak performance and prices went down due to weak crude oil value coupled with sluggish buying sentiments in the regions. Benzene prices Nylon filament yarn market showed weak 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 market sentiments remained dreary and buying activities were thin during the (Feb 1 - 15, 2014)

Presented by www.fibre2fashion.com first half. Nylon filament yarn market recovered gradually after holidays but prices were relatively stable due to bearish demand from the downstream buyers and unfavourable market fundamentals during the second half. Viscose Filament Yarn Viscose filament yarn market showed weak outlook and prices were relatively stable due to subdued demand from the downstream in the Chinese domestic market. Viscose filament yarn transactions stopped and prices were relatively stable as market players were on holiday mood during the first half. Viscose filament yarn market sentiment improved and prices went up due to improvement seen in enquiry from downstream market in the Chinese domestic market during the second half. Spandex Cotton Linters & Pulp Cotton linter market presented weak performance and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market. Imported dissolving pulp market showed sluggish outlook and prices remained stable due to subdued demand from the downstream market during the first half. Cotton linter market showed weak outlook and prices were relatively stable due to subdued demand from the downstream market in the Chinese domestic market during the second half. Imported dissolving pulp market showed weak modest outlook and prices were relatively stable due to moderate demand from the downstream buyers during the second half. Viscose Staple Fibre Viscose staple fibre market presented weak outlook and prices remained stable due to subdued demand from the downstream buyers during the first half. Majority of market participants were on holiday moods and stayed away from the market amid weak market fundamentals during the first half. Viscose staple fibre market witnessed a widespread uptick in offers and prices went up in the Chinese domestic market during the second half. In the last fortnight, selling offers for Spandex remained stable. In the beginning of the last fortnight, market was almost close due to holidays and none of them tried to cover more Spandex from market due to unclear future demand. At the end of the first half, availability of Spandex were low as Chinese sellers were on holidays, but buyers stayed aside from market and waited for Chinese players In the second half of the last fortnight, deadlock continued in Spandex market and price remained unchanged. Cotton International cotton market fluctuated and trading activities remained moderate during the first half. In India, Cotton market maintained shivering trend and prices fluctuated as buyers purchased goods on need-to-basis on rigid demand during the first half. Cotton prices clearly went up during the second half, over a rebound of cotton export sales while uncertainty still prevails over China's cotton policy. In India, cotton market remained range bound due to mixed buying sentiments from the downstream buyers during the second half. Wool Wool market followed an upward trend 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 (Feb 1 - 15, 2014)

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