12 February 2015 - Fibre2Fashion · 2018. 3. 9. · Ethylene 11 4.4. Mono Ethylene Glycol (MEG) 13...

12 February 2015

Table of contents

1. Executive Summary 3

2. Crude Oil 5

3. Naphtha 6

4. Polyester Chain 8

4.1. Paraxylene 8

4.2. Purified Terephthalic Acid (PTA) 9

4.3. Ethylene 11

4.4. Mono Ethylene Glycol (MEG) 13

4.5. Polyester Chips 14

4.6. Polyester Staple Fibre 16

4.7. Polyester Filament Yarn 17

5. Acrylic Chain 19

5.1. Propylene 19

5.2. Acrylonitrile 21

5.3. Acrylic Staple Fibre (ASF) 22

5.4. Polypropylene (PP) 23

6. Nylon Chain 25

6.1. Benzene 25

6.2. Caprolactam 26

6.3. Nylon Chips 28

6.4. Nylon Filament Yarn (NFY) 29

7. Viscose Chain 31

7.1. Cotton Linters & Pulp 31

7.2. Viscose Staple Fibre 32

7.3. Viscose Filament Yarn (VFY) 33

8. Spandex 34

9. Cotton 35

10. Spun Yarn Export Prices 36

11. Wool 36

12. News Headlines 38

DISCLAIMER 40

February 12, 2015 Page | 2

1. Executive Summary

1.1. Weekly Market Watch Price Index – Key Products

Products Name Avg Prices, 26th-31st Jan 2015

Avg Prices, 2nd-7th Feb 2015

Weekly Change

Crude Oil (US$/bbl), Dated Brent 50.22 55.89 11.29%

Naphtha (US$/Ton), FE Asia 442 501 13.37%

Paraxylene ( PX) (US$/Ton)

FOB Korea 750 802 6.89%

FOB R'dam 678 727 7.26%

FOB US Gulf 713 754 5.85%

Purified Terephthalic Acid (PTA) (US$/Ton)

CFR S E Asia 600 606 0.97%

Europe 625 625 0.00%

US domestic (Cents /pound) 39 39 0.00%

Monoethylene Glycol ( MEG) (US$/Ton)

SE Asia CNF India 748 785 4.90%

Europe 800 800 0.00%

US domestic (Cents /pound) 32 32 0.00%

Polyester chips (US$/Ton), N E Asia (FOB) 855 875 2.34%

Polyester Staple Fibre (US$/KG ) NE Asia 0.94 1.00 6.38%Polyester filament yarn (US$/Kg)

NE Asia (FOB) DTY 150 D/48 F 1.17 1.17 0.00%

NE Asia (FOB) POY 150 D/48 F 0.92 0.93 1.09%

Propylene (US$/Ton)

FE Asia 800 787 -1.67%

FD NW Europe (Euro/Ton) 728 734 0.92%

FOB US (Cents/Lb) 38 39 3.56%

Acrylonitrile Prices, US$/MT, CFR SE Asia 1720 1677 -2.50%

Acrylic Staple Fibre, US$/kg, CIF NE Asia 2.45 2.35 -4.08%

Benzene (US$/Ton)

FOB Korea 621 652 4.97%

FOB R'dam 580 613 5.75%

FOB US (Cents/Gallon) 202 213 5.78%

Caprolactam, China maket 1530 1500 -1.96%

Nylon chips (US$/Ton), Taiwan 1930 1867 -3.28%

Nylon Filament Yarn (US$/Kg), NE Asia 3.10 3.00 -3.23%

Viscose Staple Fibre (US$/Kg), SE Asia 1.56 1.55 -0.64%

VFY Prices ( 133.3dtex/30F Bright), US$/Kg FOB Korea

Korea 5.72 5.72 0.00%

India 5.77 5.77 0.00%

Cotton (US Cents/Lb) 66.72 68.37 2.47%


1.2. Major Market Trends

•Average Crude oil price raised by 11.29 percent during the 1st week of February compared to previous week. Prices increased due to stoppage of oil production at US refineries.

Crude Oil

•Naphtha market was tight in Europe. Naphtha price was bullish, due to limited product availability created by strong Asian demand and multiple plants maintenance shutdowns

Naphtha

•Paraxylene plant operating rate in Asia may decline in March, 2015 due to many turnaround plans. Paraxylene

•BP Zhuhai Chemical Co Ltd is likely to start a new PTA plant located in Zhuhai, China; the plant has a production capacity of 1.25 MMTPA Purified Terephthalic Acid

•In the FOB Japan market, Ethylene monthly average price plunged by 2.73% in last fortnight compared to the previous month. Ethylene

•OUCC has restarted a MEG plant. Located at Linyuan, Kaohsiung in Taiwan, the plant has a production capacity of 250,000 MTPA Mono Ethylene Glycol

•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.

Polyester Chips

•PSF market showed sign of improvement as downstream buyers actively participated in the trading activities during the first half of the last fortnight in the Chinese domestic market

Polyester Staple Fibre

•Polyester filament yarn prices rebounded marginally in the international market in line with rising feedstock prices during this fortnight.

Polyester Filament Yarn

•Yeochun Naphtha Cracking Centre plans to shut its No. 1 plant for maintenance on 15th May 2015 for one month. Located at Yeosu in South Korea.

Propylene

•Shanghai SECCO Petrochemical has restarted an Acrylonitrile (ACN) line following maintenance turnaround. Located in Shanghai, China, the line has a production capacity of 260,000 MTPA.

Acrylonitrile

•Acrylic staple fibre market showed modest outlook and prices went down. Acrylic Staple Fibre (ASF)

•PP prices went down in Asian market because of bearish demand including weak feedstock prices and extremely dull demand trends Polypropylene (PP)

•Benzene prices increased extensively in Global market during 1st week of February due to favorable market fundamentals. Benzene

•Compared to January 2015, the fortnightly average price for February declined from US$1,530 to US$1,500 per ton, witnessing a fall of 6.27% Caprolactum

•Prices of high speed spinning semi dull textile grade Nylon Chips went downward and were in the range of RMB 13,550 to 13,570 RMB/ton during the 1st week of February 2015.

Nylon Chips

•Nylon filament yarn market experienced downward trend and prices plunged as feedstock market remained down during last fortnight. Nylon Filament Yarn

•Cotton price year on year has moved downward, a fall of 27.31 Percent in the 1st week of February Cotton


2. Crude Oil

2.1. Market Insight

Crude oil prices increased during last week of January, triggered by the fuel inventory report brought out by the American Petroleum Institute (API) which stated that Crude oil inventories fell by 5 million barrels.

Brent Crude oil prices surged during 5th week of January of this year and prices touched the US$50.22 per barrel in January; increased subsequently to US$55.89 per barrel in the 1st week of current month.

Upsurge was also helped by strike declared by United Steel staff Union in the 1st week of February, 2015 following an expiry of their present wage contract. Refining work was halted across nine major refineries in the U.S.A accounting for around 10% of the country’s refining capacity.

The Crude oil rise in prices was also the result of the fall of US Dollar compared Euro. Compared to February 2014, the average price during the month of February so far, has seen a

decline of 48.65 percent.

Figure 1: Crude Oil Price Averages during the same period Y-o-Y (Dated Brent)

2.2. Week over week comparison

108.9107.7

108.3 109.2 112.0 108.4103.3 98.7

88.483.4

63.555.9

53.048.5

48.7 50.255.9

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

0.0

20.0

40.0

60.0

80.0

100.0

120.0

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1st wk 2nd wk 3rd wk 4th wk 5th wk 1st wk

2014 Jan Feb

Crude Oil Price (Dated Brent)-US$/Brl

Average Crude oil price raised by 11.29 percent during the 1st week of February compared to previous week. Prices increased due to stoppage of oil

production at US refineries.

Crude oil prices increased during the last

week of January due to fall in U.S. Crude oil inventories. Prices surged by 3.21% during the

last week of January 2015.

Average Crude oil price raised by 11.29

percent during the 1st week of February compared to previous week. Prices increased

due to stoppage of oil production at US refineries.


Figure 2: Crude oil Prices Week over week Comparison

3. Naphtha

3.1. Market Insight

During last week of January, price of Naphtha surged as demand for downstream derivatives remained firm in the Asian markets. Refining margins from production in Asia went up amid optimism in the petrochemical demand.

Naphtha prices in Asia went above US$500 per ton amid strong overnight gains in Crude futures, on prospects of sea-bed supply and firm domestic demand. In March, Naphtha contract rose by US$32 per ton to US$33 per ton from the close of trade on 2 February to US$ 511 per ton-US$ 514 per ton CFR (cost and freight) Japan. Prices are being buoyed by the prospects of lower sea-bed Naphtha inflows from the U.S., where refinery strikes are ongoing.

Asian market expected to receive around 800,000 tons of sea-bed Naphtha in the first fortnight of March. The total arbitrage volume for the whole of March, however, is expected to be lower than February's 190,000 tons.

Naphtha price has dropped by almost 46.43% on Year on year after a high of US$935 per ton in February 2014 to US$501 per ton in February 2015.

Prices of Naphtha increased by 13% in CFR FE Asia and SE Asia in the first week of the current month as compared to last week of January. The Naphtha price increased by more than 20% in Europe in the first week of February as compared to last week of January.

48.1652.9954.75 57.80

20.00

30.00

40.00

50.00

60.00

Beginning End

Prices of Crude oil, US$ / Brl (Dated brent)

Previous Week Week 1

Naphtha market was tight in Europe. Naphtha price was bullish, due to limited product

availability created by strong Asian demand and multiple plants maintenance shutdowns


Figure 3: Naphtha Price Averages during the same period Y-o-Y

3.2. Week over week comparison Figure 4: Naphtha Prices Week over week Comparison

935 935 955 965 970 970910 870

740 690

528511

426423 443 442

501

-30%-25%-20%-15%-10%-5%0%5%10%15%20%

200

400

600

800

1000


2014 Jan Feb

Naphtha Prices-CFR SE Asia, US$/MT 44

2

452

39650

1

511

481

424

434

39645

4

464

397

0100200300400500600

FE Asia SE Asia European Market

Naphtha Pirces-US$/MT

Previous Week Average Week 1 Average Week 1 Beginning Week 1 End

Naphtha prices improved marginally by 1.98% in CFR FE Asia and SE Asia market in the last week

of the January as compared to 4th week. The Naphtha price increased by 0.5% in Europe

Naphtha prices surged significantly in Asia as

well as in Europe during 1st week of February. Naphtha price increased by 13% in Asia, whereas in Europe it went up by 21%.


4. Polyester Chain

4.1. Paraxylene

4.1.1. Market Insight

Paraxylene Prices plunged during last week of

January due to high inventory amid weak

buying in key markets such as China ahead of

the Lunar New Year holidays in mid-February.

Operating rate of Paraxylene units was maintained and may hold steady during February 2015.

The Paraxylene prices went down for last week of January and then started to rebound in the 1st

week of the current month to touch an average of US$802 per ton.

Paraxylene prices increased during 1st week of February due to improved Crude oil prices and

favorable market fundamental. Paraxylene spot prices went up by almost $50 per ton on week-on-

week to $823 per ton for CFR SE Asia.

Prices of Paraxylene increased by 5.0% in FOB Rotterdam during 1st week of February as compared

to previous week. The Paraxylene price increased in Europe due to sharp rise in upstream energy

values coupled with bullish cues from the U.S. and the Asia.

Figure 5: Paraxylene Price Averages during the same period Y-o-Y

4.1.2. Week over week comparison

1,265 1,180 1,190 1,200 1,320 1,395 1,340 1,235

1,085 990 852 802 773 723 772 750 802

-20%-15%-10%-5%0%5%10%15%

(75)150 375 600 825

1,050 1,275 1,500

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1st wk 2nd wk

3rd wk 4th wk 5th wk 1st wk

2014 Jan Feb

Paraxylene Prices, US$/MT - FOB Korea

Paraxylene plant operating rate in Asia may decline in March, 2015 due to many

turnaround plans.

Paraxylene prices went down by 2% in Asia,

4% in Europe and 1% in the U.S.A. due to weak buying trends.

Paraxylene prices surged by 5% in global

market due to optimistic market fundamental coupled with improved

downstream demand.


Figure 6: Paraxylene Prices Week over week Comparison

Paraxylene contract prices for January were settled at the € 680 per ton FD North West Europe

levels. This Price represents a drop of € 110 per ton from December settlement levels.

JX Nippon Oil & Energy announced its February Paraxylene contract prices for Asian markets at

US$770 per ton which were lesser by US$170 per ton to that in January.

Idemitsu Kosan announced its February Paraxylene contract prices for Asian markets at US$710 per

ton which witnessed a plunge of US$110 per ton as compared to January.

ExxonMobil nominated its February Paraxylene contract prices for Asian markets at US$710 per ton

which witnessed a declined of US$125 per ton as compared to January.

S-oil declared its February Paraxylene contract prices for Asian markets at US$755 per ton.

Sinopec settled its Paraxylene contractual price at RMB 5,600 per ton for February delivery.

4.2. Purified Terephthalic Acid (PTA)


PTA prices declined by 4.17% in CNF India

during last week of January due to bearish

buying sentiments. PTA prices remained

steady in CFR FE Asia and CFR SE Asia due to

thin trading activity in the region during last

week of January.

PTA prices declined due to in stockroom inventory pressure and market sentiment softened.

Polyester plants stayed by sidelines with a cautious mood. Arbitrageurs have restocked enough

stocks so buying interest from arbitrageurs softened given stabilizing spread between futures

and spot prices.

In the previous week, Purified Terephthalic Acid price settled in CFR SE Asia at US$600 per ton. It

opened with a steady sentiment at US$600 per ton during the last week of January 2015 and,

750

771

678

713 772

802

823

727

754 812

755

780

665

715 78

0

810

825

740

745 800

0

200

400

600

800

1000

FOB Korea CFR SE Asia FOB R'dam FOB US Gulf CFR Taiwan


Paraxylene Prices, US$/MT

BP Zhuhai Chemical Co Ltd is likely to start a new PTA plant located in Zhuhai,

China; the plant has a production capacity of 1.25 MMTPA


increased marginally by US$6 per ton and closed at US$ 606 per ton during the 1st week of

February 2015.

Compared to February 2014, the average price during the review period has seen a decline of

35.00 percent.

Mitsubishi Chemical has taken off-stream a PTA plant in China. The unplanned shutdown has

been attributed to mechanical issues. Located in Ningbo, China, the plant has a production

capacity of 685,000 MTPA.

Figure 7: PTA Price Averages during the same period Y-o-Y

4.2.2. Week over week comparison Figure 8: PTA Prices Week over week Comparison

935 890 895 885 980 1,020 1,030 950

835 780 689 606 614 589 598 600 606

-15%

-10%

-5%

0%

5%

10%

15%

-

200

400

600

800

1,000

1,200


Jan Feb

PTA Prices-CFR SE Asia, US$/MT

577

600

599

57358

4

606

594

580

570

590

570

570

590

615 620

585

540

560

580

600

620

640

CFR FE Asia CFR SE Asia CNF India CFR China


PTA Prices, US$/MT

During Last week of January, PTA prices

remained more or less steady due to thin trading activity and bearish buying sentiments

Average PTA prices surged by US$5 per ton in

CFR SE Asia, CFR FE Asia & China, and CNF India during the 1st week of February.


In Europe, selling offers for PTA declined marginally and were in the range of US$625 to US$630

per ton.

In the U.S.A, selling offers for PTA went down and were in the range of 39.0 to 39.5 cents per

pound.

Sinopec settled its PTA contractual price at RMB 4,630 per ton for January delivery, roll over from

December level.

4.3. Ethylene


Ethylene prices went down by US$33 per

ton in Asian market during last fortnight.

The price fall was recognized to poor

upstream energy values coupled with quiet

buying sentiments in the region. Ample

product availability in the region and poor downstream Polyethylene (PE) demand trends further

supported the price fall.

The Ethylene prices have witnessed downward trend constantly from September 2014 to January

2015. Ethylene prices went down from US$1,490 per ton in last September to US$827 per ton in

the 5th week of January 2015, which is a fall of 45%.

Ethylene prices increased in European market during last fortnight due to strong buying

sentiments witnessed in the region. Ethylene contract prices for February were settled at the €

810 per ton FD North West Europe levels. This Price represents a drop of € 70 per ton from

January settlement levels.

Yeochun Naphtha Cracking Centre (YNCC) is in plans to shut its No. 1 naphtha cracker for

maintenance turnaround on 15th May 2015 for around one month. Located at Yeosu in South

Korea, the cracker has an Ethylene capacity of 860,000 TPA and Propylene capacity of 485,000

TPA.

In the FOB Japan market, Ethylene monthly average price plunged by 2.73% in last

fortnight compared to the previous month.


Figure 9: Ethylene Price Averages during the same period Y-o-Y

4.3.2. Week over week comparison Figure 10: Ethylene Prices Week over week Comparison

1,385 1,415 1,375 1,375 1,375 1,445 1,470 1,490 1,390 1,270

975 832 890

870 857 827 832

-25%-20%-15%-10%-5%0%5%10%

-225 450 675 900

1,125 1,350 1,575


2014 Jan Feb

Ethylene Price - FOB Japan, US$/MT

850

827 88

0

882

761 88

1

37

793

70584

2

832 88

3

883

780 87

6

36

781

71783

0

820 87

5

875

775 86

5

35

770

715

865

855 890

890

775 88

5

37

785

715

0

200

400

600

800

1000

FOB Korea FOB Japan CFR SE Asia CNF India CIF NW Europe

CFR NE Asia FD US Gulf (Cents/LB)

CIF Europe FD Europe


Ethylene Prices, US$/MT

During last week of January saw a 3.5% decrease in the Ethylene prices in the Asian markets. European markets experienced a

marginal increase of US$5 per ton during the week from start to the end; FD US Gulf prices

in the US surged 0.69 Cent per pound.

Ethylene prices declined in Asian and U.S.A market during 1st week of February 2015.

Price declined due ample product availability in the region coupled with mute buying sentiments. CIF NW Europe prices in the

European market surged by US$18 per ton.


4.4. Mono Ethylene Glycol (MEG)


In Asian market, selling offers for MEG increased by US$50 per ton compared to last fortnight. MEG prices increased due to improved buying sentiments and higher fellow polyester feedstock values.

In the International market, the prices were marginally up by US$35 per ton in the 1st week of February 2015 compared to Last week of January.

In the CNF SE Asia market, MEG monthly average price increased by 5.72 percent as compared to earlier month.

During last week, MEG prices slipped lower in European market due to Bearish upstream energy value, with sufficient product availability coupled with sluggish demand sentiments pressured prices lower in the region. In European market, selling offers for MEG went down and were in the range of US$795 per ton to US$800 per ton.

Shandong Hualu-Hengsheng Chemical is operating a monoethylene glycol (MEG) plant at Located in Shandong, China, the plant has a production capacity of 50,000 MTPA. Reduced capacity levels due to persistent weak demand trends.

Figure 11: MEG Price Averages during the same period Y-o-Y


960 935 930 915 1,000 995 1,000 940 850 820 792 785 744 701 734 748 785

-14%-9%-5%0%5%9%14%

-

225

450

675

900

1,125



2014 Jan Feb

MEG Prices-CNF South Asia, US$/MT

During last week of January, MEG prices went

up slightly in Asian market whereas faced downward trend in Europe and the U.S.A.

Selling offers for MEG significantly increased in

Asian market during 1st week of February, 2015. MEG prices increased due to strong

buying sentiments.

Oriental Union Chemical Corp (OUCC) has restarted a Monoethylene glycol (MEG) plant. Located at Linyuan, Kaohsiung in

Taiwan, the plant has a production capacity of 250,000 MTPA


Figure 12: MEG Prices Week over week Comparison

In the U.S.A, selling offers for MEG declined significantly and were in the range of 31.5 to 32.00 cents per pound.

SHELL announced its February MEG contract prices for Asian markets at US$850 per ton which were lesser by US$50 per ton to that in January.

SABIC announced its February MEG contract prices for Asian markets at US$880 per ton which witnessed a plunge of US$70 per ton as compared to January.

MEGlobal nominated its February MEG contract prices for Asian markets at US$860 per ton which witnessed a decline of US$80 per ton as compared to January..

Sinopec settled its MEG contractual price at RMB 5,800 per ton for January delivery, which were lesser by RMB 375 per ton as compared to December.

4.5. Polyester Chips


PET chips market showed soft outlook and prices

remained stable due to subdued demand from the

downstream market coupled with weakness in

trading activity in the Chinese domestic market

during last week of January, 2015.

During 1st week of February 2015, PET chips market presented a firm appearance as prices went up

due to lift in seasonal demand sentiments and also in anticipation of rise in PET Chips prices post the

Lunar New Year holidays.

Polyester chips market moved up in tandem with firm feedstock market and favourable market

fundamentals in the beginning of February, 2015.

PET chips market showed sign of improvement and trading activities increased as downstream

buyers actively participated in the trading activities during the period and were in the range of

US$870-875 per ton in FOB North East Asia level during the last fortnight.

Compared to February 2014, the average price during the month of February 2015 has seen a

decline of 25.53%.

748

74078

5

770

755

745

800

775

700

750

800

850

CNF India CNF China

MEG Prices, US$/MT


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.


Figure 13: Polyester Chips Price Averages during the same period Y-o-Y


Average prices of semi dull chips were around RMB 6,280 per ton and super bright chips were

around RMB 6,280 per ton. CDP chips prices were around RMB 7,500 per ton during the period in

the Chinese domestic market.

PET bottle grade chips export market increased in tandem with poor market fundamental during

the period. Mainstream offers were around US$895-900 per ton FOB CMP level and traded prices

were around US$880-885 per ton FOB basis.

In Europe, contract prices of PET bottle grade chips went down to €780 per ton FD NWE and spot

prices also declined to €710 per ton FD NWE mark.

Figure 14: Polyester Chips Prices Week over week Comparison

1,175 1,155 1,180 1,175 1,250 1,280 1,270 1,230 1,145 1,085 998 875 888

850 855 855 875

-15%

-10%

-5%

0%

5%

10%

-200 400 600 800

1,000 1,200 1,400


2014 Jan Feb

PET chips Prices - CFR NE Asia, US$/MT

855 855 875 875

6,135 6,135 6,280 6,280

02000400060008000

Beginning End Beginning End

Previous week Week 1

PET Chips Prices US$/ton RMB/Ton

PET chips market sentiments were steady due to subdued demand from the downstream market during last week of

January 2015.

PET Chips prices went up during 1st week of February, 2015 due to robust

demand from the downstream market.


4.6. Polyester Staple Fibre


In the last week of January, 2015,

Polyester staple fibre market continued to

maintain a soft appearance coupled with

moderate support from the downstream

buyers and prices remained stable.

In the international market, prices for 1.4

Den PSF surged by 4.0% compared to last week of January 2015. Prices went up due to optimistic

market fundamentals and were around US$ 0.99-1.00 per Kg FOB N.E. Asia basis during 1st week

of February 2015.

Spot prices for Polyester staple fibre FOB NE Asia declined by 3.6 percent and were offered at

US$940 per ton to US$980 per ton.

During 1st week of February, Polyester staple fibre market improved and prices went up due to

firm feedstock market coupled with good support from the downstream buyers.

Figure 15: Polyester Staple Fibre Price Averages during the same period Y-o-Y


1.32 1.26 1.26 1.25 1.33 1.35 1.35 1.30 1.22 1.15 1.08 1.00 0.98 0.94 0.94 0.94 1.00

-8%

-6%

-3%

0%

3%

6%

8%

0.00

0.30

0.60

0.90

1.20

1.50



2014 Jan Feb

Polyester Staple Fibre Prices 1.4 denier - FOB NE Asia, US$/KG

Polyester staple fiber remained steady during last week of January due to thin

trading activity and subdued downstream demand.

Polyester staple fibre market firm and prices surged marginally due to the

optimistic market fundamental during 1st week of February.

PSF market showed sign of improvement as downstream buyers actively participated in the trading activities during the first half of the last fortnight in the Chinese domestic

market


Figure 16: Polyester Staple Fibre Prices Week over week Comparison

In the International market, prices for 1.4 Den PSF went up compared to last fortnight due to optimistic market fundamental. Prices were around US$ 0.99-1.00per Kg FOB NE Asia basis throughout this fortnight.

Mainstream offers for 1.4 Den PSF hovered around RMB 7,125 per ton in the Chinese domestic market.

Current prices of 1.5 Den PSF of Taiwan origins were offered at US$ 1.20-1.25 per Kg, European origin PSF were offered at US$ 1.75-1.85 per Kg and of US origin, were offered at US$ 2.00-2.10 per Kg respectively. The prices of 1.5 Den PSF of China origin for domestic and export market were offered at US$ 1.15-1.18 per Kg and US$ 0.99-1.00 per Kg, respectively.

4.7. Polyester Filament Yarn


Polyester filament yarn market presented strong performance and prices increased marginally due to firm demand from the downstream market in China. PFY prices went up as downstream buyers showed interest in buying goods during last fortnight.

During 1st week of February, prices for DTY 150 Denier remained stable at US$1.17 per Kg compared to last time, prices increased from US$0.92 per Kg to US$0.93 per Kg for POY 150 Denier, went up by 1.1 percent during the 1st week of February 2015.

0.94 0.941.00 1.00

0.700.790.880.971.061.15

Beginning End

Prices of Polyester Staple Fibre, FOB NE Asia(US$/kg)


Prices for Polyester filament yarn increased in the international market due to strong

market fundamentals during this fortnight.


Figure 17: Polyester Filament Yarn Price Averages during the same period Y-o-Y


Average prices for DTY 150 Den/48 F were around RMB 8,830 per ton. Average prices for POY 150

Den/48 F were around RMB 7,325 per ton. Mainstream traded prices for FDY 150 Den/96 F were around

RMB 7,360 per ton.

Prices for DTY 150 Den/48 F were around US$ 1.17-1.18 per kg and POY 150 Den/48 F were around US$

0.93-0.94 per kg FOB CMP basis by the end of the last fortnight.

Current prices of PFY DTY150 Den of China origin for domestic and export market were offered at US$

US$ 1.40-1.44 per Kg and US$ 1.15-1.19 per Kg, respectively. While, in Taiwan origin PFY DYT 150 Den

offered at US$ 1.45-1.50 per Kg, Europe origin witnessed at US$ 2.20-2.30 and US origin products

available at US$ 2.75-2.95 per Kg.

1.30 1.23 1.24 1.231.32 1.33 1.29 1.25

1.16 1.14 1.080.98 0.93 0.92 0.92 0.92 0.93

1.571.46 1.47 1.45 1.50 1.51 1.50 1.48

1.39 1.38 1.321.21 1.18 1.17 1.17 1.17 1.17

-11%

-8%

-4%

0%

4%

8%

11%

0.00

0.35

0.70

1.05

1.40

1.75


2014 Jan Feb

Polyester Filament Yarn Prices, US$/KG : DTY (150D) and POY (150D) - CMP China

POY DTY

Polyester filament yarn market showed a modest outlook and prices remained stable due

to moderate demand from the downstream buyers in the Chinese domestic market during

last week of January.

During 1st week of February, PFY market

upward trend for POY and prices increased in tandem with firm feedstock market in the

Chinese domestic market. DTY prices remained stable during that time.


Figure 18: Polyester Filament Yarn Prices Week over week Comparison

5. Acrylic Chain

5.1. Propylene


In Asian market, selling offers for Propylene

increased during last fortnight due to

improved buying interest for the spot cargoes

and limited product availability in the region.

The FOB Korea market, Propylene monthly

average price went up by 6.23% in compared

to previous month.

The Propylene prices went upward from Average price of January to February of current year and

touch US$787per ton in the 1st week of February 2015.

In U.S.A market, selling offers for Refinery and Polymer grade propylene prices surged in the U.S.A

market. The price rise was on the back of limited product avails owing to planned plant

turnarounds in the region.

Yeochun Naphtha Cracking Centre (YNCC) plans to shut its No. 1 naphtha cracker for maintenance

turnaround on 15th May 2015 for around one month. Located at Yeosu in South Korea, the

cracker has an Ethylene capacity of 860,000 TPA and Propylene capacity of 485,000 TPA.

1.17

1.17

1.17

1.17

0.92

0.93

0.93

0.93

0.000.400.801.201.60

Previous Week Average

Week 1 Average Week 1 Beginning Week 1 End

Prices of Polyester Filament Yarn, (US$/kg) DTY (150 D) POY (150 D)

Yeochun Naphtha Cracking Centre plans to shut its No. 1 for maintenance on 15th May

2015 for one month. Located at Yeosu in South Korea, the cracker has a Propylene

capacity of 485,000 TPA.


Figure 19: Propylene Prices Week over week Comparison

5.1.2. Week over week comparison Figure 20: Propylene Prices Week over week Comparison

1,405 1,360 1,345 1,360 1,365 1,415 1,360 1,310 1,230 1,175

687 787 665 696 755 800 787

-50%-40%-30%-20%-10%0%10%20%

-250 500 750

1,000 1,250 1,500



2014 Jan Feb

Propylene Prices - FOB Korea, US$/Ton

800

775

775

778

728

728

38

851

787

787

790

790

734

734

39

838

770

785

785

785

725

725

39

825

805

790

800

800

740

740

40

850

0100200300400500600700800900

FOB Korea FOB Japan CFR S E Asia CNF India CIF NW Europe

(Euro/MT)

FD NW Europe

(Euro/MT)

FD US Gulf (Cents/LB)

CFR China


Propylene Prices, US$/MT

Propylene price increased by 6% due to

optimistic market fundamental in FOB Korea and surged by 7.35% in the US, decreased by 1.53% in Europe. Price declined due to dull demand in

the market during last week of January.

During the 1st week of this February, Propylene

prices surged in Asian market by 1.5% and surged by 3.56% in the US, increased by 0.9%

in Europe.


5.2. Acrylonitrile


Average Acrylonitrile price witnessed

a fall from US$1,720 to US$1,677 per

ton during the 1st week of this month.

Prices of Acrylonitrile slumped during

this fortnight in Asian market due to

standstill buying momentum in key markets such as China ahead of the Lunar New Year holidays.

Compared to February 2014, the average price during the review period has seen a decline of

16.38%. The current spot offer prices for ACN to SE Asian market went down at US$1,670 per ton.

In Europe, selling offers for ACN went down significantly by US$100 per ton compared to earlier

fortnight, ranging between US$1,495 to 1,500 per ton. Prices fell on account of the bearish buying

sentiment and sharp drop in upstream propylene contract price settlement for the month of

February.

In the U.S.A., selling offers for ACN went down due to depressing demand trends and in the range

between US$1,505 to 1,510 per ton.

Shanghai Petrochemical has restarted an Acrylonitrile (ACN) line. Located in Shanghai, China, the

line has a production capacity of 130,000 MT per year.

Figure 21: Acrylonitrile Price Averages during the same period Y-o-Y


2,005 2,015 1,930 1,870 1,900 1,965 2,040 2,035 1,980 1,940 1,838 1,677 1,820 1,787 1,772 1,720 1,677

-12%-9%-6%-3%0%3%6%9%12%

-

350

700

1,050

1,400

1,750

2,100


2014 Jan Feb

Acrylonitrile Prices - CFR SE Asia, US$/Ton

Shanghai SECCO Petrochemical has restarted an Acrylonitrile (ACN) line following maintenance

turnaround. Located in Shanghai, China, the line has a production capacity of 260,000 MTPA.

During the last week of January ACN prices declined in Asia, whereas in US market prices declined by US$100 per

ton. ACN price remained steady in European market.

ACN prices continued downward trend in global market during 1st week of February due to unfavorable market fundamentals.


Figure 22: Acrylonitrile Prices Week over week Comparison

5.3. Acrylic Staple Fibre (ASF)


Acrylic staple fibre market showed modest

outlook and prices went down due to subdued

demand from the downstream buyers during

1st week of February supported by falling

feedstock prices.

Acrylic staple fibre market maintained weak tone and prices went down as downstream buyers

showed no intentions in buying and stayed away from the market during the last fortnight.

Figure 23: Acrylic Staple Fibre Price Averages during the same period Y-o-Y

1750

1720

1707

167717

40

1710

1700

1670

1600

1650

1700

1750

1800

CFR FE Asia CFR SE Asia Previous Week Average Week 1 Average Week 1 Beginning Week 1 End

Acrylonitrile Prices, US$/MT

2.42

2.552.55 2.55

2.532.49

2.52 2.52 2.52 2.52 2.52 2.52 2.52 2.52 2.52

2.45

2.35

-6%

-4%

-2%

0%

2%

4%

6%

2.25

2.30

2.35

2.40

2.45

2.50

2.55

2.60



2014 J F b

Acrylic Staple Fibre Prices (1.5 Denier) US$/KG - CIF NE Asia

Acrylic staple fibre market showed modest outlook and prices went down


5.3.2. Week over week comparison Figure 24: Acrylic Staple Fibre Prices Week over week Comparison

Acrylic staple fibre market showed soft outlook and prices were relatively declined as downstream demand dull during this fortnight in the Chinese domestic market.

Spot prices of ASF 1.5 Den were offered around RMB 15,700-16,200 per ton. ASF 3.0 Den however was offered at RMB 15,750-16,250 per ton.

Prices went down in USD based market; ASF 3.0 Den was around US$ 2.27 - 2.31 per kg and ASF 1.5 Den were at US$ 2.32 to 2.36 per kg level.

5.4. Polypropylene (PP)


Polypropylene prices for CNF SE Asia varied finely from January 2014 to November 2014. Polypropylene prices declined significantly during the December 2014 to February 2015 due to dull demand amid higher inventory in the region.

Compared to January 2015, the average price during the February 2015 has seen a decline of 6.31 percent.

In the European market, selling offers for PP continued to plunge by US$ 50 per ton and were offered in the range of €1,125 to €1,130 per ton. Price declined due to plentiful product availability in the region.

In the U.S.A., selling offers for PP went up due to firm feedstock price coupled with limited product availability in the region. Selling offers for PP surged by US$ 20 per ton in the U.S.A. and were in the range of US$ 1,380 to US$ 1,385 per ton. Price of PP in domestic market was in the range of 62.0 to 62.5 cents per pound.

2.43 2.432.33 2.33

2.45 2.452.35 2.35

2.002.202.402.602.803.00



Prices of ASF, US$/kg ASF 3.0 Den ASF 1.5 Den

Acrylic staple fibre market showed weak outlook and prices declined

marginally due to unfavorable market fundamental during the 5rd week of

January.

During 1st week of February as well the Acrylic staple fibre market weakened and prices were relatively downward trend as downstream buyers showed mute buying

intentions.

In the last fortnight, PP prices went down in Asian market because of bearish demand

including weak feedstock prices and extremely dull demand trends across Asia


Figure 25: Polypropylene Price Averages during the same period Y-o-Y

5.4.2. Week over week comparison Figure 26: Polypropylene Prices Week over week Comparison

1,545 1,555 1,535 1,545 1,560 1,575 1,585 1,595 1,575 1,540 1,305

1,025

1,125

1,125 1,125 1,070 1,025

-25%-20%-15%-10%-5%0%5%10%15%

-275 550 825

1,100 1,375 1,650


3rd wk

4th wk

5th wk

1st wk

2014 Jan Feb

Polypropylene Prices, US$/MT - CNF SE Asia

1249

1070

1050

1045

1025

968

95812

49

1025

1005

1000 980

987

98012

49

1025

1005

1000 980

960

95012

49

1025

1005

1000 980

1000 99

5

0

500

1000

1500

India S. Korea Singapore Thailand S. Arabia CFR FE Asia FOB Middle East

Polypropylene Prices, US$/MT


During last week of January Polypropylene

price declined by 4.89 percent in Asian market due to pessimistic market fundamental.

In the 1st week of February PP prices

continued to plunge by 4.21 percent due to weak feedstock price.


6. Nylon Chain

6.1. Benzene


The current spot offer prices for Benzene to FOB

Korea market was at US$655 per ton. Compared to

January 2015, the average price during the February,

2015 has seen a surge of more than 5 % percent.

In Asian market, Benzene market presented strong

appearance and prices went up due to firm demand from the downstream market and optimistic

market fundamentals during that period. Prices of Benzene were assessed in the range of US$620 to

US$630 per ton, initially, which moved up and assessed at US$650 to US$ 660 per ton towards the

end of the first half of this last fortnight.

In the Rotterdam market, Benzene prices went down due to weak downstream energy values, weak

feedstock price. Selling offers of Benzene were in the range of US$610 to US$615 per ton during the

1st week of February.

In the U.S.A., Benzene prices increased due to bullish buying sentiments during 1st week of

February. Benzene prices were in the range 210 cents per gallon to 215 cents per gallon during the

second half of last fortnight.

Figure 27: Benzene Price Averages during the same period Y-o-Y


1,305 1,250 1,275 1,260 1,345 1,370 1,320 1,220 1,135 1,050

727 652 604 568

634 621 652

-40%

-30%

-20%

-10%

0%

10%

20%

-200 400 600 800

1,000 1,200 1,400 1,600


3rd wk

4th wk

5th wk

1st wk

2014 Jan Feb

Benzene Prices, US$/MT - FOB Korea

Benzene prices declined in Global market during last week of January due to poor energy in market.

Selling offers for benzene went down by 2% in Asian market, 8% in European market and 1.99% in the

U.S.A

Benzene prices increased extensively in Global

market during 1st week of February, surged by 4.5% in Asia, 5.75% in Europe and 5.78% in U.S.A. Benzene

prices increased due to favorable market fundamentals.

Benzene prices increased extensively in Global market during 1st week of February

due to favorable market fundamentals.


Figure 28: Benzene Prices Week over week Comparison

6.2. Caprolactam

6.2.1. Market Insight During 1st week of February, CPL market continued to maintain a downward trend and prices

declined due to sluggish demand from the downstream buyers during that period.

CPL market consolidated and prices declined as downstream buyers showed no intentions in buying and replenished stocks on need-to-basis during last week.

CPL suppliers revised down offer prices during that period. On the other side, downstream buyers were still cautious and remained on the sidelines amid unfavorable market fundamentals during 1st week of February, 2015.

CPL market sentiments remained lackluster and trading activities were scarce due to lack of support from the downstream buyers and weak feedstock prices during that period.

Compared to January 2015, the fortnightly average price for February 2015 declined from US$1,530 to US$1,500 per ton, witnessing a fall of 6.27%.

Figure 29: Caprolactam Price Averages during the same period Y-o-Y

621

626

631

580

202

652

657

662

613

213

620

625

630

580

201

660

665

670

615

215

0

200

400

600

800

FOB Korea CFR Japan CFR India FOB R'dam FOB US Gulf (Cents/Gallon)

Benzene Prices, US$/MT


2,335 2,260 2,175 2,190 2,190 2,220 2,250 2,250 2,120 2,040 1,929

1,500

1,672

1,705 1,595 1,530 1,500

-25%-20%-15%-10%-5%0%5%10%15%

-

425

850

1,275

1,700

2,125

2,550


3rd wk

4th wk 5th wk 1st wk

2014 Jan Feb

Caprolactam Prices, US$/MT - CIF China

Compared to January 2015, the fortnightly average price for February 2015 declined

from US$1,530 to US$1,500 per ton, witnessing a fall of 6.27%


6.2.2. Week over week comparison Figure 30: Caprolactam Prices Week over week Comparison

1530 1530

1500 1500

1480

1490

1500

1510

1520

1530

1540

Beginning End

Caprolactam Prices, US$/MT


During last week of January Caprolactam prices continued kept steady compared to

previous week due to mute buying sentiments

The 1st week average February price of Caprolactam in China fell by US$30 as

compared to the previous week and settled at US$1,530 per ton


6.3. Nylon Chips


During last fortnight, Nylon chips prices declined

in the Asian market due to weak demand and

sluggish upstream market. The market witnessed

weak trading activities along with weak buying

sentiments.

The average CIF China price of Nylon chips in February, 2015 CIF was US$1,865 per ton. Compared to

January 2015, the monthly average price of Nylon Chips in China witnessed a fall of 5.39%.

Nylon chips prices declined due to weak market fundamentals. Prices reduced on account of weak

demand and bearish feedstock market in Asian market. Prices of high speed spinning semi dull

textile grade Nylon Chips went downward and were in the range of RMB 13,550/ton to RMB

13,570/ton during the 1st week of February 2015.

Figure 31: Nylon Chips Price Averages during the same period Y-o-Y


2,690 2,615 2,530 2,530 2,515 2,520 2,565 2,565 2,455 2,390 2,294 1,867

2,030 2,053 1,985 1,930 1,867

-20%-15%-10%-5%0%5%10%15%

-

500

1,000

1,500

2,000

2,500

3,000


3rd wk

4th wk

5th wk

1st wk

2014 Jan Feb

Nylon Chips Prices, US$/MT- CIF China

Prices of high speed spinning semi dull textile grade Nylon Chips was went

downward and were in the range of RMB 13,550/ton to RMB 13,570/ton during the

1st week of February 2015.

The fall in Nylon Chips prices in the 1st week of February 2015 reached a new low of US$1,867/ton; a fall of 5.39% as

compared to the previous week.

Prices of high speed spinning semi dull textile grade Nylon Chips was went

downward and were in the range of RMB 13,550/ton to RMB 13,570/ton during

the 1st week of February 2015.


Figure 32: Nylon Chips Prices Week over week Comparison

6.4. Nylon Filament Yarn (NFY)


Nylon filament yarn market showed weak

performance and prices went down due to

bearish downstream demand in the Chinese

domestic market during last fortnight.

Nylon filament yarn market experienced

downward trend and prices plunged as feedstock market remained down during last fortnight.

The average monthly FOB NE Asia prices for 70 denier of Nylon filament yarn was US$3.13 per Kg

during 1st week of February 2015. Compared to January 2015, the monthly average price of Nylon

filament yarn in FOB NE Asia witnessed a fall of 2.43 percent.

Figure 33: Nylon Filament Yarn Price Averages during the same period Y-o-Y

1930 19301900

1850

18001820184018601880190019201940

Beginning End

Nylon Chips Prices, US$/MT


3.73 3.68 3.58 3.55 3.55 3.59 3.61 3.60 3.57 3.55 3.47 3.30 3.24 3.20 3.15 3.10 3.00

-6%-5%-4%-2%-1%0%1%2%

0.000.801.602.403.204.00


3rd wk

4th wk 5th wk 1st wk

2014 Jan Feb

Nylon Filament Yarn (70 Den) Prices, US$/KG - FOB NE Asia

Nylon filament yarn market experienced downward trend and prices plunged as

feedstock market remained down during last fortnight.


6.4.2. Week over week comparison Figure 34: Nylon Filament Yarn Prices Week over week Comparison

In the international export markets, prices for FDY 70 Den/12F declined and were around US$ 2.98-3.02per kg for FOB NE Asia.

Among the major varieties, average prices for FDY 70 Den/24F were around RMB 18,000-18,800 per ton. Mainstream prices for POY 70 Den/24F were around RMB 17,800-18,800 per ton. DTY 70 Den/24F semi-dull higher grade was traded in a price range of RMB 17,600-21,000 per ton in the Chinese domestic market.

Current prices of NFY 70 Den FDY for China market and Taiwan market were at US$ 3.23- 3.27 per Kg and US$ 3.29-3.33 per Kg, respectively.

3.09 3.09 2.99 2.993.11 3.11 3.01 3.01

1.00

2.00

3.00

4.00

5.00



MIN MAX

During the last week of January, NFY prices in NE Asia for 70 denier yarn went down

due to mute buying sentiments.

NFY market prices went down by 3.00 percent due to unfavorable market

fundamentals during the 1st week of February.


7. Viscose Chain

7.1. Cotton Linters & Pulp


Cotton linter market:- Cotton linter market showed excellent performance and prices increased due to optimistic demand from

the downstream buyers in the Chinese domestic market. Cotton linter market firm as downstream buyers showed bullish buying interest coupled with improved

trading activities during that period. Cotton linter market remained firm amid favorable market outlook as downstream buyers showed

enthusiasm in buying during the review period. Mainstream trading prices for cotton linter were around RMB 2,550-2,570/ton. Mainstream traded prices of Cotton pulp were around RMB 6,020/ton level during the period in the

Chinese domestic market.

Dissolving pulp market:-

Imported dissolving pulp market showed modest outlook and prices were relatively stable due to subdued demand from the downstream buyers during the 1st week of February.

Imported dissolving pulp market softened and prices remained stable as downstream buyers were cautious and kept sideline stance coupled with sluggish market outlook during that period`.

In the imported dissolving pulp market, mainstream offers were around US$ 800-805/ton during the period.

Figure 35: Cotton Linters & Pulp Prices Week over week Comparison

7.1.2. Current Dissolving Pulp Price (CIF China)

Product Name Specification Price US$/Ton Source Remarks

Dissolving Pulp Staple grade 830 - 840 US Feb ref price

Dissolving Pulp Staple grade 810 - 830 Europe Feb ref price

Dissolving Pulp Staple grade 800 - 805 Sweden Feb ref price

Dissolving Pulp Staple grade 750 - 780 Canada Feb ref price

Dissolving Pulp Staple grade 800 - 805 South Africa Feb ref price

800 800 800 800803 803 802 802

0200400600800

1000

Beginning ( Min)

End ( Max)

Beginning ( Min)

End ( Max)

Last week Week 1

Min MaxImport Price of Dissolving Pulp in China


7.2. Viscose Staple Fibre

7.2.1. Market Insight The average FOB SE Asia price for Viscose staple fibre was US$1.55 per Kg during 1st week of February

2015. Compared to January 2015, the monthly average price of Viscose staple fibre in FOB SE Asia witnessed a fall of 1.02 percent.

Viscose staple fibre market maintained a weak consolidation as downstream buyers showed no high enthusiasm in buying and stayed away from the market during the last fortnight.

Viscose staple fibre market experienced a downward trend due to sluggish demand from the downstream buyers and weak market fundamentals during that period. Some Viscose staple fibre producers raised offer prices but downstream buyers showed firm resistance and kept sideline stance during 1st week of February.

Figure 36: Viscose Staple Fibre Price Averages during the same period Y-o-Y

7.2.2. Week over week comparison Figure 37: Viscose Staple Fibre Prices Week over week Comparison

1.79

1.671.64

1.65 1.66 1.64 1.61 1.61 1.61 1.60 1.58 1.57 1.57 1.57 1.56 1.56 1.55

-8%-7%-6%-5%-4%-3%-2%-1%0%1%

1.401.451.501.551.601.651.701.751.801.85

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1st wk

2nd wk

3rd wk

4th wk

5th wk

1st wk

2014 Jan Feb

Viscose Staple Fibre Prices, US$/KG - FOB SE Asia

11,299 11,299 11,236 11,236

11,477 11,477 11,371 11,371

-3,000 6,000 9,000

12,000 15,000



VSF 1.5 Denier… VSF 1.2 Denier…Prices of Viscose Staple Fibre, RMB/ton

Viscose staple fibre market remained stable and prices were relatively unchanged as

downstream buyers showed no high enthusiasm in buying amid unfavorable

market fundamentals during the last week of January

Viscose staple fibre market remained lackluster and mute buying sentiments as demand failed to improve during the 1st

week of February.


Viscose staple fibre market consolidated and no major trading activities due to post Lunar New

Year holiday in the Chinese domestic market. In the USD based export market, Viscose staple fibre prices declined marginally and prices were

around US$ 1.54-1.56 per kg. Mainstream offer prices for VSF 1.5 Den were at RMB 11,235 per ton and 1.2 Den were at RMB

11,370 per ton.

7.3. Viscose Filament Yarn (VFY)

7.3.1. Market Insight VFY 133.3 dtex/30F Bright prices remained steady for FOB Korea; India; and in Turkey in January

2015. Viscose filament yarn market soft performance and prices remained steady 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.

Figure 38: Viscose Filament Yarn Price Averages during the same period Y-o-Y

Figure 39: Viscose Filament Yarn Prices Week over week Comparison

Viscose filament yarn market witnessed a steady trend in International market, with current offer prices of 133.3 dtex/30 F Bright VFY around US$ 5.70-5.74 per kg in Korea, US$ 5.74-5.79 per kg in India and US$ 5.76-5.81 per kg in Turkey.

5.665.68

5.705.72 5.72 5.72 5.72 5.72 5.72 5.72 5.72 5.72 5.72 5.72 5.72 5.72 5.72

0%

0%

0%

0%

0%

0%

0%

0%

0%

5.50

5.55

5.60

5.65

5.70

5.75



2014 Jan Feb

Viscose Filament Yarn Prices (133.3dtex/30F Bright), US$/KG- FOB Korea

5.7

5.8 5.

8

5.7

5.8 5.

8

5.7

5.8 5.

8

5.7

5.8 5.

8

5.75.75.75.75.85.85.8

Korea India Turkey

Prices of Viscose Filament Yarn (133.3dtex/30F Bright), US$/Kg



Mainstream offer prices for 333.3 dtex/30 F Bright VFY were US$ 5.09-5.14 per kg, in Korea. Average offer prices for VFY 120 Den were around RMB 35,040 per ton and for VFY 300 Den prices were

around RMB 26,080 during last fortnight.

8. Spandex

8.1. Market Insight

In the last fortnight, Spandex prices remained steady. The traders were cautious and held a

wait and watch stance till there is any changes in the market conditions.

In the 1st week of February 2015, selling offers for coarser counts like 20D were stable in

the range of US$ 8.40/Kg to US$ 9.20/Kg, while the deals were mainly quoted in the range

of US$8.35/Kg to US$9.15/Kg.

Selling offers for 30 D was in the range of US$7.50/Kg to US$7.90/Kg, but the deals were

mainly concluded in the range of US$7.45/Kg to US$7.85/Kg.

Selling offers of 40D Spandex were in the range of US$6.80/Kg to US$7.80/Kg but again

deals were mainly offered in the range of US$6.75/Kg to US$7.75/Kg.

In the last fortnight, Chinese domestic market selling offers for 20 D were in the range of

RMB 58,000/ton to RMB 60,500/ton. For 30 D, selling offers in the range of RMB

50,500/ton to RMB 52,500/ton. For 40 D were in the range of RMB 45,000/ton to RMB

47,600/ton and selling offers for finer yarn 70 D were in the range of RMB 44,500/ton to

RMB 44,600/ton.

Figure 40: Spandex Prices Week over week Comparison

8.80

7.65

7.40

8.80

7.65

7.40

8.80

7.65

7.40

8.80

7.65

7.40

6.50

7.00

7.50

8.00

8.50

9.00

Spandex - 20 DUS$/Kg



Spandex Prices in China, US$/KG



Cotton

8.2. Market Insight The cotton market went up due to bullish demand from the downstream buyers and optimistic

market outlook during last fortnight International cotton market followed firm outlook and prices increased marginally due to

improved downstream demand and bullish market fundamentals during last fortnight. China cotton market prices remained steady due to thin trading activity during last fortnight.

Indian cotton prices moved upward due to improved demand from the downstream buyers and strong New York cotton market during that period.

Compared to January 2014, the average price during the review period increased from US$66.72 to US$67.99 cents per pound in February 2015, witnessing a surge of 1.28%.

Figure 41: Cotton Price Averages during the same period Y-o-Y

8.3. Week over week comparison Figure 42: Cotton Prices Week over week Comparison

94.05 96.90 94.05 92.60 90.95 86.3974.11 73.45 70.38 69.35 68.29

68.37 68.3767.75 66.31

66.72 68.37

-18%

-14%

-9%

-5%

0%

5%

0.00

20.00

40.00

60.00

80.00

100.00

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1st wk

2nd wk

3rd wk

4th wk

5th wk

1st wk

2014 Jan Feb

Cotton Prices, US Cents/lb - Cotlook A Index

65.30

67.3067.05

69.05

63.0064.0065.0066.0067.0068.0069.0070.00

Beginning End

Cotton Prices, US Cents/lb - Cotlook A Index


During last week of January, international cotton market showed marginal upward trend and prices went down by 0.6% due

optimistic market fundamentals.

International cotton market followed strong outlook and prices increased due to bullish downstream demand and favorable market fundamentals during 1st week of February.


9. Spun Yarn Export Prices

10. Wool

10.1. Market Insight Eastern Market Indicator: 1101 (Australian cents/kg)

Wool market followed upward trend majorly in Australian market during last fortnight.

The AWEX Eastern Market Indicator (EMI) increased 31¢ (3.1%), ending at 1101/kg. This

reflected an increase at 29¢ (2.6%) in the North and increase by 32¢ (3.0%) in the South, with

their corresponding regional Indicators finishing at 1127¢ and 1084¢, respectively. The Western

Indicator increased by 41¢ (3.76%), ending at 1130¢/kg.

When looked at other currencies, the AWEX EMI went up by 13¢ in US Dollar terms in

comparison to last time.

In New Zealand, Wool Testing Services International quoted "fine" crossbred firm to 1.0 to

3.0% dearer (32.5 and 35 micron).

Country Count (Ne) Jan. 5th week, Price (US$/Kg) Feb. 1st week, Price (US$/Kg)

Carded Combed Carded Combed20 2.80 3.10 2.70 3.00

Bangladesh 26 2.90 3.20 2.80 3.1030 3.00 3.30 2.90 3.2040 3.45 3.75 3.30 3.60

20 2.43 2.73 2.43 2.7324 2.48 2.78 2.48 2.78

India 26 2.53 2.83 2.53 2.8330 2.63 2.93 2.63 2.9340 3.03 3.33 3.03 3.33

10 2.17 *** 2.19 ***20 2.58 2.86 2.61 2.89

Pakistan 24 2.69 *** 2.72 ***30 2.97 3.25 3.00 3.2840 *** 3.53 *** 3.56


Figure 44: Wool Prices Week over week Comparison

Figure 45: Wool Prices Week over week Comparison

1,105

1,060

1,015

1,040

1,030 1,020

1,025 1,025

1,035 1,030

1,059 1,100

1,073 1,055 1,050

1,070

1,100

-5%-4%-3%-2%-1%0%1%2%3%4%5%

960 980

1,000 1,020 1,040 1,060 1,080 1,100 1,120



2014 Jan Feb

Wool Prices, Aus Cents/KG - EMI

1070 1070

1100 1100

1050106010701080109011001110

Beginning End


Prices of Wool Prices - EMI


11. News Headlines China’s textile & apparel exports grow 5.09% in 2014 http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?News_id=170243 Asian countries supply 93% of all Japanese apparel imports http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?News_id=170253 Yeochun NCC to shut No.1 cracker for maintenance in May http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?News_id=170488 Sigmatex to set up fifth production facility in South Carolina http://www.fibre2fashion.com/news/technical-textiles-composites-news/newsdetails.aspx?news_id=170512 Nanofibre extracted from Kevlar help prevent battery fires http://www.fibre2fashion.com/news/raw-materials/newsdetails.aspx?news_id=170509 Re.Verso spins preconsumer wool waste into fashion fabrics http://www.fibre2fashion.com/news/sustainability-news/newsdetails.aspx?news_id=170497 Japan to further relax norms for Bangladeshi knitwear http://www.fibre2fashion.com/news/apparel-announcement-news/newsdetails.aspx?news_id=170487 J&K governor demands hike in raw silk import duty http://www.fibre2fashion.com/news/silks-news/newsdetails.aspx?news_id=170485 Defence-ITTA to organise joint seminar on ‘Make in India’ http://www.fibre2fashion.com/news/technical-textiles-tradefairs-news/newsdetails.aspx?news_id=170479 Teijin to make fibre-reinforced wood for wooden buildings http://www.fibre2fashion.com/news/raw-materials/newsdetails.aspx?news_id=170478 Bangladesh’s RMG exports grow 1.91% in July-Jan FY ‘15 http://www.fibre2fashion.com/news/international-textiles-trade-news/newsdetails.aspx?news_id=170475 Oerlikon presents study on Chinese textile sector http://www.fibre2fashion.com/news/machinery-news/newsdetails.aspx?news_id=170474 IIE Guwahati starts incubation centre for garments http://www.fibre2fashion.com/news/apparel-announcement-news/newsdetails.aspx?news_id=170471 Salamtex creates anti-microbial fabric to avert infection http://www.fibre2fashion.com/news/textiles-new-product-news/newsdetails.aspx?news_id=170460 Sigvaris launches therapeutic socks for diabetic patients http://www.fibre2fashion.com/news/medical-textiles/newsdetails.aspx?news_id=170452 ‘Re-testing stored cotton essential to avoid off-quality’ http://www.fibre2fashion.com/news/textiles-company-news/newsdetails.aspx?news_id=170453 Invista to set up production unit in Kansas for nylon pipe http://www.fibre2fashion.com/news/technical-textile-industry-news/newsdetails.aspx?news_id=170443 Philippines abaca fibre market to grow at 5.7 %: Report http://www.fibre2fashion.com/news/fibre-news/newsdetails.aspx?news_id=170437


http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?News_id=170243

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?News_id=170253

http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?News_id=170488

http://www.fibre2fashion.com/news/technical-textiles-composites-news/newsdetails.aspx?news_id=170512

http://www.fibre2fashion.com/news/technical-textiles-composites-news/newsdetails.aspx?news_id=170512

http://www.fibre2fashion.com/news/raw-materials/newsdetails.aspx?news_id=170509

http://www.fibre2fashion.com/news/sustainability-news/newsdetails.aspx?news_id=170497

http://www.fibre2fashion.com/news/apparel-announcement-news/newsdetails.aspx?news_id=170487

http://www.fibre2fashion.com/news/silks-news/newsdetails.aspx?news_id=170485

http://www.fibre2fashion.com/news/technical-textiles-tradefairs-news/newsdetails.aspx?news_id=170479

http://www.fibre2fashion.com/news/raw-materials/newsdetails.aspx?news_id=170478

http://www.fibre2fashion.com/news/international-textiles-trade-news/newsdetails.aspx?news_id=170475

http://www.fibre2fashion.com/news/machinery-news/newsdetails.aspx?news_id=170474

http://www.fibre2fashion.com/news/apparel-announcement-news/newsdetails.aspx?news_id=170471

http://www.fibre2fashion.com/news/textiles-new-product-news/newsdetails.aspx?news_id=170460

http://www.fibre2fashion.com/news/medical-textiles/newsdetails.aspx?news_id=170452

http://www.fibre2fashion.com/news/textiles-company-news/newsdetails.aspx?news_id=170453

http://www.fibre2fashion.com/news/technical-textile-industry-news/newsdetails.aspx?news_id=170443

http://www.fibre2fashion.com/news/fibre-news/newsdetails.aspx?news_id=170437


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