During last fortnight Crude oil break out its comfort zone and remained wild. Higher oil price was concerned by all the developing countries. Higher Crude Oil price was supported by news of an attack on the Royal Dutch Shell offshore facility in Nigeria. Supply side went tight further when Chevron Corp also shutdown its Nigeria based production facility.

Sample Report | Full Report

During last fortnight Naphtha price increased with strong support of feedstock price and squeezed margin. In Chinese market demand for Naphtha was continue to be strong till end of the year as China is maintaining it double digit economic growth in export. Chinese domestic consumption of plastic is very high due to forth coming Olympic and rebuilding at quake ravaged Sichuan province.

Sample Report | Full Report

During last fortnight price of Paraxylene went down. In beginning of the first half of price of PX start declining due to poor buying from downstream market. Domestic players from Netherland hold the price higher due to poor margin and tight availability. China's Qingdao Lidong plans to export PX, benzene by end of the current year.

Sample Report | Full Report

During the last fortnight price of PTA end up with mix reaction, as main driving force of PTA price was game of margin. Asian producers also increased the price of PTA with price hike in feedstock as import of PTA from Asian market to N American market was boosted. Sentiment in PTA market extremely bullish as main feedstock material Crude Oil was surging and achieving new heights.

Sample Report | Full Report

During last fortnight price of Ethylene shoot up with price increase in its main feedstock material Crude oil and Naphtha. In second half of the last fortnight price of Ethylene maintained the higher level with strong support of feedstock price. Margins were deteriorating by record high crude oil prices, few companies not able to pass on the product price.

Sample Report | Full Report

According to fundamental supply side was now smooth and in polyester fibers and filament there was no inquiry. Sluggish polyester market trend overshadowed the MEG product also; price decline in this product is higher compare to other products in polyester value chain. Shell announced the first start up using its own developed Shell OMEGA (Only Mono-Ethylene Glycol Advanced) process technology.

Sample Report | Full Report

Major polyester chip producers in China continued to raise their offers at the beginning of this last fortnight on the back of rising feedstock costs. Demand was however weak and thus forced chip consumer to reduce their operating rates. Due to the further squeezed margin, buying interest had been weak from the downstream players and transactions went down considerably.

Sample Report | Full Report

The upward trend in the polyester staple market softened somewhat during the first half of this last fortnight in China. Prices went up at the beginning and then stayed stable for most of the part after buyers rebuilt their inventories and were less interested in high-priced offers. Offer prices in the export market went up marginally in Asia this time.

Sample Report | Full Report

Polyester filament yarn sentiment continued to follow the uptrend at the beginning of this last fortnight. Major producers continued to increase their offers due to surge in feedstock prices. Prices in the International market went up considerably in China this time. Although prices of polyester filament yarn increased due to higher feedstock costs, margins were unaffected.

Sample Report | Full Report

Prices of propylene remained steady at the beginning of this last fortnight. Propylene producers in South Korea were looking to take their prices higher on the back of further steep gains in downstream PP market. Propylene prices went up during the second half in Asian region supported by firm naphtha prices.

Sample Report | Full Report

During last fortnight price of ACN achieve another high level during last fortnight. Chinese domestic Acrylonitrile sentiment was stable with considerable liquidity. Availability of ACN was also ease but round of bullish sentiment in region increased the price of ACN. In recent days of ACN consumers started inventory building as transportation of dangerous articles was banned by Chinese authority during the Olympic.

Sample Report | Full Report

Domestic acrylic staple market was stable during the first half of this last fortnight in China. Downstream market remained sluggish, so realised prices remained mostly stable. USD-based acrylic fiber market sentiment remained quite during the first half with a lack of support from Chinese market.

Sample Report | Full Report

During last fortnight price of Polypropylene increased drastically. Price hike in this product remain continuously in lime light due to pressure on feedstock products. Price of PP frequently revised as feedstock price increased due to strong crude oil price. Small PP producer had no more choice other to cut their operation rate to prevent their precious inventory.

Sample Report | Full Report

Benzene prices went down in Asia during the first half. Prices went down as buyers were not showing enough interests. Higher benzene prices in Asia were supported by gains in benzene prices in both the U.S and Europe. By the end of the first half Benzene price went down.

Sample Report | Full Report

During last fortnight price of Caprolactam increased drastically. Domestic buyers were cautious as feedstock price increased drastically in short term, initially they take stance of wait and watch but in second half they start buying as market moved up. Taiwanese Nylon producer reduced their operating rates as CPL price went up and demand of downstream market turn weaker.

Sample Report | Full Report

Price of Nylon went through mix reaction during last fortnight. Initially price of Nylon Chips was decreased in first half but it was recovered fantastically in second half of the last fortnight. This situation brought a short time uncertainty in market, but with the increase in feedstock price and market sentiment Nylon Chip remained stable after short term correction.

Sample Report | Full Report

Nylon filament yarn market remained flat during the first half of this last fortnight as prices could not follow the rise of feedstock due to poor demand from the downstream market. Due to increasing raw material costs, nylon filament yarn producers increased their offer prices; however most deals were done in the same level as last time.

Sample Report | Full Report

There were very little changes observed in the cotton linter market during the first half of this last fortnight in China. Transactions were low and price was stable but the buying interests remained very weak from the downstream players. The operating rate of the whole value chain continued to decline and the demand for cotton linter decreased.

Sample Report | Full Report

Viscose staple fibre prices continued decreasing in the last fortnight in China. The fall in prices was however less strong than previously observed. Viscose staple fibre price is expected to get stable in line with a less decline in raw material costs in the short term. After previously falling, viscose fibre prices were more stable in Pakistan.

Sample Report | Full Report

There was no change in export price for viscose filament yarn in USD market and it remained stable with no changes in the offer prices as compared to the last time. Viscose filament yarn market remained stable in Chinese domestic market during the first half of this last fortnight. The market is expected to struggle in the coming months as June and July are traditional low season for viscose filament yarn.

Sample Report | Full Report

New York cotton prices went up during the first week of this last fortnight. New York cotton prices continued soaring. Prices slightly rebounded in New York amid continued volatility. Prices are further rising in India where exports to China may remain strong in the coming months, further stimulating raw material costs of domestic spinners. Prices were more stable in Pakistan where first arrivals from the new crop are being expected.

Sample Report | Full Report

Wool prices steadily rose in Australia this week, mainly due to the lowest offering in more than ten years. The market firmed on the stronger note of previous week with increases across all types and across a number of micron ranges. South African sales are in recess until 20 August. Wool prices continued to gain in New Zealand.

Sample Report | Full Report