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Crude Oil During the first half of the last fortnight, selling offers for Crude oil price declined due to increase in U.S.A fuel inventories. In the second half of the last fortnight, selling offers for Crude oil prices declined due to U.S.A crude and distillate inventories and a drop in the U.S.A equity indices. A crude oil trader informed that crude oil prices fell as the fuel inventory report by American Petroleum brought out for the week ended October 18, 2013; stated that crude oil inventories increased. Naphtha In the last fortnight, Naphtha price increased. Market speculators expected that arbitrage shipment of European Naphtha diverted to Asian could pull down higher prices. Naphtha prices increased in European market and in Asian market; this week which indicates the increase as compared to the beginning of the October levels; despite the recent softening in the energy market, as per the industrial sources. In the second half of the last fortnight, Naphtha prices continued to decline in line with upstream energy market. Ethylene During the first half, Ethylene price were volatile in action in global market. In the beginning of the last fortnight, Ethylene prices enhanced in Asian and U.S.A market where as in European market Ethylene prices maintained downward trend. In the last fortnight, selling offers for Ethylene followed firm sentiments in Asian market due to tight product availability coupled with optimistic downstream demand. In the second half of the last fortnight, Ethylene prices declined on the back of bearish market fundamentals. Paraxylene In the last fortnight, PX price slipped down. In the beginning of the first half of the last fortnight, price of PX declined due to poor upstream energy value coupled with weak downstream demand in Asian region. In the last fortnight, PX prices went down at steady pace due to uncertainty in global markets. In the U.S.A market, selling offers for PX plunged due to weak demand in the market. In the beginning of second half of the last fortnight, price of PX remained range bound in Asian market due to volatile energy market. Monoethylene Glycol In the last fortnight, MEG prices increased due to strong demand and firm support from raw material prices. Selling offers for MEG surged in Asian market due to gain in upstream energy value coupled with improved buying sentiments. In the beginning of the second half of the last fortnight, MEG price opened with bearish sentiment and coupled with declined in feedstock prices in Asian market. During the second half, selling offers for MEG went down in the Chinese domestic market. Purified Terephthalic Acid In the last fortnight, selling offers for PTA prices declined significantly in line with PTA futures. In the beginning of the first half, PTA prices declined in Asian markets due to bearish upstream energy value coupled with poor demand in the region and ample of product availability. In the second half, PTA prices declined slowly due to firm energy market. During the second half of the last fortnight, PTA price remained steady in Asian markets due to improved upstream energy value coupled with moderate buying sentiments.

(Oct 15 - 31, 2013)

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Polyester Filament Yarn Polyester filament yarn market showed weak outlook and prices went down due to subdued demand from the downstream market in the Chinese domestic market. Polyester filament yarn prices moved down due to lack of support from the downstream market coupled with the weak feedstock market in the Chinese domestic market during the first half. Polyester filament yarn market showed modest appearance and prices went down due to subdued demand from the downstream buyers in the Chinese domestic market. Propylene In the last fortnight, selling offers for Propylene was volatile in action. In Asian markets Selling offers for Propylene price declined due to mute buying interest in the region because of in key markets like China, National Day holidays. In the second half of the last fortnight, Propylene prices declined. In the beginning of the second half of the last fortnight, Propylene price plunged down in Asian market due to weak upstream energy value coupled with bearish buying sentiments in the region. Acrylonitrile In the beginning of the first half of last fortnight, ACN prices increased marginally in Asian market due to tight product availability coupled with firm support from the upstream market. In the second half, selling offers for ACN continued to decline as buying interest diminished. Market speculators were quite cautious when prices moved downwards. In Asian markets, demand trend remained weak for ACN even from plastic sector. Weaker U S Greenback added bearish trend in ACN & its downstream markets. Polyester Staple Fibre Polyester staple fibre prices went down due to subdued demand from the downstream market in the Chinese domestic market during the first half. Polyester staple fibre market maintained a weak tone and prices declined due to weak feedstock market and sluggish market fundamentals during the first half in the Chinese domestic market. Polyester staple fibre market showed a weak appearance and prices remained stable-to-soft due to subdued demand from the downstream market in the Chinese domestic market during the second half.

PET Chips PET chips market maintained a soft outlook and prices went down due to subdued demand from the downstream market in the Chinese domestic market during the first half. PET chips prices maintained a weak tone and prices went down in tandem with the weak feedstock market and unfavorable market fundamentals in the Chinese domestic market. PET chips market continued to follow a downward trend and prices went down due to subdued demand from the downstream market in the Chinese domestic market during the second half.

(Oct 15 - 31, 2013)

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Acrylic Staple Fibre Acrylic staple fibre market consolidated slightly and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market. Acrylic staple fibre market sentiments remained lackluster and trading activities were scarce during the period. Acrylic staple fibre market presented modest outlook and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market during the second half. upstream energy market during the first half. In the second half, Benzene market showed sign of improvement and prices increased due to robust buying sentiments in the region during the second half. In the European market, Benzene prices went up due to firm support from the downstream buyers coupled with the gain in Benzene prices in Europe and U.S.A market during the second half. Caprolactam CPL market showed modest performance and prices remained stable due to moderate demand from the downstream buyers during the first half of last fortnight. CPL market sentiments remained flat as downstream buyers showed limited intentions in buying and adopted wait-and-watch stance during the first half. During the second half in Asia, CPL market showed weak outlook and prices declined due to sluggish demand from the downstream market.

Polypropylene In the last fortnight, selling offers for PP remained steady due to firm energy market coupled with balanced market fundamentals. In the beginning of the first half of the last fortnight, selling offers for PP prices surged marginally in Asian market due to strong support from the downstream market. During the second half of the last fortnight, selling offers for PP stayed steady. In Asian market, selling offers for PP followed volatile in action due to moderate market condition.

Nylon Chips Selling offers for Nylon Chip stayed steady during last fortnight. In the beginning of the first half, demand from the downstream was relatively weak. Many of the downstream buyers sat on small inventories but stayed apart from active buying and waited for the orders. Selling offers for Nylon Chip surged at slow and steady pace during last fortnight. In the early second half, offers for Nylon Chip warmed up in the Asian markets as trading sentiment heated up in line with firm feedstock market. Nylon Filament Yarn Nylon filament yarn market presented 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 due to lack of support from the downstream market during the first half. Nylon filament yarn market presented a weak outlook and prices

Benzene In Asia, Benzene market presented soft outlook and prices declined due to sluggish demand from the downstream buyers coupled with the weak

(Oct 15 - 31, 2013)

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remained stable due to subdued demand from the downstream market in the Chinese domestic market. Viscose Filament Yarn Viscose filament yarn market showed a soft performance and prices were relatively stable due to sluggish demand from the downstream market in the Chinese domestic market. Viscose filament yarn market maintained weak tone as downstream buyers showed no intentions in buying and replenished stocks on need-to-basis during the first half. Viscose filament yarn market showed weak appearance and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market. Spandex Cotton Linters & Pulp Cotton linter market improved and prices went up due to robust demand from the downstream cotton pulp market in the Chinese domestic market. Imported dissolving pulp market showed modest appearance and prices remained stable due to moderate demand from the downstream market during the first half. Cotton linter market improved and prices remained firm due to robust demand from the downstream market in the Chinese domestic market during the second half. Dissolving pulp market improved slightly but prices were relatively stable due to moderate demand from the downstream buyers during the second half. Viscose Staple Fibre Viscose staple fibre market showed soft outlook and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market. Viscose staple fibre market consolidated due to lack of support from the downstream buyers in the Chinese domestic market during the first half. Viscose staple fibre market presented a soft appearance and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the second half. In the last fortnight, Spandex market remained unchanged due to stable market fundamentals. During the first half, Spandex market remained stable despite of sporadic trading volume in Asian market. Buying of Spandex was limited particularly from elastic fabric manufacture and Spandex traders. In the second half, Spandex kept inert in market and prices remained unchanged. In the earlier part of the second half, Spandex offers opened at the same level, but with the support of firm trading volume Spandex sellers maintained stable prices. Cotton International cotton market followed an upward trend slightly due to modest support from the downstream buyers during the first half. International cotton market followed a downward trend due to weak market fundamentals during the second half. Cotton market declined in due to the increasing cotton production of India and positive yield of US cotton. In China, cotton market remained stable but buying sentiments were lackluster as downstream buyers kept waitand-see stance amid weak market outlook during the second half. Wool Wool market followed a downward 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.

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(Oct 15 - 31, 2013)

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