Price Report of Yarns - Detailed Market Analysis

Weekly PriceWatch Report
Issue No.44 - 4th November 2013
CONTENTS
Notes to PriceWatch Report
Confidentiality Statement.
EXECUTIVE SUMMARY....
POLYESTER CHAIN
Polyester Staple Fibre.
Polyester Filament Yarn.
Polyester Chips.
10
Purified Terephthalic Acid
11
Mono Ethylene Glycol..
12
Paraxylene
13
Ethylene..
14
NYLON CHAIN.
15
Nylon Filament Yarn

16
Polypropylene 17
Nylon Chips
18
Weekly PriceWatch 4th November 2013

FOR PRIVATE CIRCULATION ONLY
Caprolactum..
19
Benzene..
20
ACRYLIC CHAIN..
21
Acrylic Staple Fibre
22
Acrylonitrile.
23
Propylene
24
VISCOSE CHAIN.
25
Viscose Staple Fibre
26
Viscose Filament Yarn.
27
Wood and Cotton Pulp
28
COTTON..
29
WOOL..
30
SPUN YARN..
31
100% Cotton Spun Yarn..
31
100% Polyester Spun Yarn.
32
100% Viscose Spun Yarn..
33
Polyester / Cotton Blended Yarn..
34
Polyester / Viscose Blended Yarn
35
Spandex Yarn.
36
NAPHTHA...
37
CRUDE OIL.
38
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Notes to PriceWatch Report
MARKET TERMS
FOB
Free on Board
CIF
Cost+insurance+Freight
C+F/CNF/CFR
Cost+Freight
FD or Delivered
Free delivery within 300 sq.km
Mainstream offer
Main market offer
Spot
Main market cash transaction
Local
Local main market prices inclusive of all federal and local taxes
Contract
Producers' nominated price for ensuing month
Ex-work
Ex-factory price
Far East Asia
South East Asia
MARKETS BY REGIONS
S. West Asia
Europe
USA
US Gulf
China
Thailand
India
Rotterdam
Korea
Malaysia
Pakistan
ARA
Taiwan
Indonesia
Japan
Phillipines
Singapore
EXCHANGE RATE = US$ 1
CONVERSION RATE
25-Oct
China Yuan
Last 12 Last 6 Oct-13

mths
6.222 wks
6.143 6.142
Indian Rs
57.305 61.530 61.474
Pak Rs.
99.843 106.153 106.314 106.501 106.909
1-Nov
2.204
Pounds/kg
6.133
6.145
7.33
Barrels/Ton
61.625
61.905
299
Gallons/ton
Australian $
1.015
1.054
1.052
1.040
1.057
Euro
0.759
0.735
0.734
0.724
0.741
37.32
Kgs / Maund
355.60
Kgs / Candy
NOTES to Report
Prices covered in this report relate to "Low" of the "Low/High" price range
The Base of Benchmark is the major supplying region in the fibre chain
Value chain pricing intensity is the relation of the product under review with its upstream raw material segment and with its
close substitutes. It is also a conversion cost indicator. For example, naphtha is produced from crude oil, paraxylene from
naphtha, PTA from paraxylene, MEG from ethylene, POY from PTA/MEG, DTY/FDY from POY. Similarly substitute are like viscose
to cotton, acrylic to wool. Another example is the blending of cotton with polyester. In this report value chain pricing intensity,
we have, to the best of our knowledge cross linked the value chain to the immediate upstream and to the closest market term.
Confidentiality Statement
This document is confidential and has been made available to the individual to whom it is addressed on the understanding that its
content and copyrights will not be misused. Reproduction of any part of this work by any process whatsoever without written
permission of YNFX.com is strictly prohibited. The levels are published to use purely as a guide.
All prices in this PriceWatch Report are indicative prices and may vary according to the type of fiber, quality level required.
Information contained in this report is obtained from sources believed to be reliable, however YNFX.com will accept no
responsibility or liability for commercial decisions claimed to have been based on the content of the report.

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Executive Summary
Brent down more than US$3 to settle lowest since July
Brent crude oil fell sharply this week end, tumbling by nearly US$3 a barrel, and settling at its lowest point since early July, thus
narrowing its premium over US crude in heavy selling. Meanwhile US crude oil futures also sank to the lowest since June, while
Brent ended with its largest daily percentage loss also since June. The markets shrugged Libya's oil supply outage and focused on
a strong US$ and a supply overhang that set an overall bearish market tone. Concerns over supply from Libya wavered as North
Sea oil fields returned from maintenance. A firmer US$ makes commodities priced in the greenback more expensive for overseas
investors. A report showing US manufacturing sector expanding at its fastest pace in 2-1/2 years in October also strengthened the
dollar to its highest in more than one month. Brent crude for December delivery settled at US$105.91 a barrel, a loss of 2.7
percent, its largest daily percentage loss since June 20. US oil for December settled at US$94.61, posting a fourth straight week of
losses and its longest losing streak since June 2012. It was the lowest settlement price for the US contract since 21 June at
US$93.69.
Polyester Chain: Stable on support of monthly CP settlements
Ethylene prices in Asian markets were down on weak buying sentiment and concerns about easing tight supplies. Prices have
been falling over the past four weeks ending the steady upward movement for 10 weeks in a row across the region. In Europe,
NWE ethylene contract price for November was fully settled at fall of Euro 30 on the month while spot prices were too seen
falling sharply. In US, spot ethylene jumped reaching a 1-month high on increased buying interest. Paraxylene prices in Asia fell on
the week due to a rollover of laycan. Meanwhile, no major settlement was reached for November paraxylene Asian Contract
Price, the fourth month this year that buyers and sellers failed to agree on a single price. European spot price for paraxylene was
assessed down while US spot tanked as talks lowered amid excess supply. MEG prices rose in Asia amid firmer crude. In Europe,
October MEG contract price was fully settled at a fall on September while US MEG contracts also moved down as lower prices in
Asia and a slight decline in US Gulf pricing contributed to fall. Despite falling paraxylene prices Asian PTA markets were flat and
prices generally remained unchanged. With flat PTA markets and rising MEG prices, the polyester chip markets remained gripped
by caution and producers adopted wait-and-watch stance. Semi dull PET chip market was thinly traded for the dearth of enquiries
while super bright chip mirrored SD chip market with sporadic deal done at high levels. Polyester filament yarn markets in Asia
saw some activities boosted by restocking on rigid demand early this month and healthy trend of PTA futures. In China, offers for
POY were revised upward sporadically, and those for FDY and DTY were largely maintained. In Pakistan, DTY market went stable
while Indian POY prices trended lower but producers maintained their offers amid obvious selling indications. Polyester staple
fibre markets went range-bound with short-covering demand emerging at month-end in China. However, prospect about future
was diverged. Prices in India were seen dropping for fourth consecutive weeks given the sluggish tone dominating and the Rupee
weakening further.
Nylon Chain: European benzene at its lowest since end 2011
Asian benzene prices fell amid thin demand from China and weaker downstream SM derivatives prices. Market activities were
mostly focused on December and January cargoes. European benzene market continued its freefall sinking to lowest level since
end 2011, as the appetite for spot volumes remained curbed and traders found it difficult to clear stocks. US spot benzene price
also declined as November contract price settled lower. The softening of benzene saw downstream caprolactum market going
range-bound also due to small change in downstream demand amid expanding supply. Low-end prices softened due to increasing
availability. Nylon chip markets were weak as producers faced high cost pressure while buyers still kept purchases on need-to
basis. In China, producers were running at low capacity, citing high cost pressure, but inventory was around 7-15 days, and run
rate of high-speed spinning chip producers was at around 80% with stable demand and firm prices. The softening of caprolactum
and nylon chip prices continued to support nylon textile yarn market. However, demand for NFY remained lackluster on tight cash
flow and high inventory in downstream textile sectors, and the weakness is expected to last into November.
Acrylic Chain: ASF prices decline after prolonged stability
Asian propylene markets were diverse as prices rose in the Northeast Asian market but declined in Southeast Asia on ample
supply. European spot propylene market fell as November contract price was fully settled at a decrease from October. In US spot
refinery-grade propylene gained as November talks remained firm despite nomination were flat for the month. Acrylonitrile
prices declined in Asia due to an influx of offers for deepsea cargoes, particularly from the US amid limited demand. European
acrylonitrile market saw spot prices fall this week due to weak demand in the market. In US, acrylonitrile export assessment was
steady on the week amid thin trade activity. Acrylic staple fibre prices declined in China after a prolong period of stability. Prices
slipped as October contract settlement and new nominations retreated, which lowered liquidity. October settlements and Nov
nominations were announced down, which dragged talks substantially. Prices in India also retreated, a bit sharper this time.

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Viscose Chain: VSF price down in China, India

Asian viscose staple fibre markets remained weak in corrections and saw prices decline. Downstream players were not active in
procurement, despite lower offers. Weakness lingered over the VSF market in China as both yarn and fabric sectors softened. In
India, VSF markets went softer as downstream yarn producers mainly consumed inventory amid bearish views about the market.
Viscose filament yarn markets in Asia saw marginal changes in prices as producers mostly moved volumes in line with the market
movement. Upstream filament-grade pulp prices remained unchanged this week. In dissolving markets, pulp producers in China
were anxious to sell products, keeping offers firm. Prices of softwood pulp were in the range of US$850-860 a ton.
Cotton: Supply hangover pulls prices down
Cotton prices were under pressure of oversupply across markets. US Cotton futures closed lower as growing supplies drove
investor selling, signaling the end of the speculator-driven rally. The most-active December cotton contract on ICE Futures U.S.
edged down US cents 2.50 on the week and was almost down 18 percent from its August high. The Cotlook A index also lost US
cents 1.05 while the China Cotton Index edged down 10 Yuan a ton. In Pakistan, cotton prices were seen declining every day due
to low demand. The Karachi Cotton Association (KCA) revised down its cotton spot rate by almost PakRs300 per maund exKarachi. In India, cotton prices continued to decline due to poor demand from millers and exporters. Cotton harvest is expected
to reach a historic high this season, but exports are forecast to drop 13.5 percent due to slowing demand from top consumer
China.
Spun yarn: Slowdown in exports to China impacts spun yarn prices

Pure cotton yarn market sentiment was stable but trading was subdued across markets. In China, domestic low-priced yarn was
traded in scattered volume due to production halts. Trading for high-count yarn was healthy amid a price rise in raw materials. In
India, yarn export prices fell sharply in line with a lack of demand and a fall of cotton prices. The domestic yarn market was also
depressed, as the fabric production for festive season has been completed. Offers for spun polyester yarn were steady despite
falling PSF prices. In China, spun polyester yarn prices held stable with decent liquidity. In India, the rebound of the rupee did not
help India's yarn exporters and market participants are expecting exports to recover after Diwali, as PSF prices were seen falling
consistently in October. Viscose spun yarn markets were subdued as VSF prices continued to soften across markets in Asia.
Transaction for 10s and 30s spun viscose yarn was passable. Viscose spun yarn markets in China were mute while they were weak
in Pakistan, due to fall in exports to China. Blended yarn market sentiment barely changed as selling activity was poor for
polyester-cotton yarns. In India, polyester-cotton prices (65-35) dropped more than 10% as demand from China weakened for a
few weeks, partly due to the surging competition from Pakistan, where prices rose lesser in US$ terms in the recent weeks. In
China, blended spun yarn prices were stuck at the same levels during the week amid depressed atmosphere. In Pakistan, local
buyers were less interested in ordering yarns at current prices due to the decline of textile sales.

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Polyester Chain
October-13
Asia (CFR)
US$/ Ton
Euro/ Ton
low
high
low
high
Crude Oil
778
Naphtha
Europe (Del)
US$/ Ton
Euro/ Ton
low
high
low
high
571
767
587
799
563
USA (Del)
US$/ Ton
Euro/ Ton
low
high
low
high
760
558
Paraxylene
1,416
1,417
1,040
1,040
1,329
1,329
Ethylene
1,336
1,338
981
982
1,389
PTA
1,027
1,032
754
757
905
MEG
1,049
1,051
770
772
Polyester chips
1,240
1,320
910
969
1,791
1,887
736
540
760
558
976
976
1,396
1,020
1,025
1,022
1,033
750
758
948
1,247
1,306
1,372
1,300
1,007
955
1,284
1,254
943
921
1,300
1,370
1,895
1,940
1,391
1,424
PSF
1.2/1.5D SF
1,420
1,470
1,043
1,079
1,910
2,690
1,390
1,950
2,303
2,380
1,691
1,748
6D solid (fiber fill)
1,240
1,340
910
984
1,720
2,180
1,250
1,580
2,017
2,116
1,481
1,554
75D POY
1,500
1,570
1,101
1,153
2,777
2,909
2,039
2,136
75D textured
2,159
2,185
1,585
1,604
3,174
3,659
2,330
2,686
150D POY
1,430
1,480
1,050
1,087
1,910
2,370
1,390
1,720
2,535
2,645
1,861
1,942
150D textured
1,680
1,740
1,234
1,278
2,260
2,750
1,640
2,000
2,821
3,174
2,071
2,330
1000D conventional
1,850
1,900
1,358
1,395
2,150
2,890
1,580
2,100
2,887
3,086
2,120
2,266
PFY
Benchmark ratio: Asia = 100

PTA
1.00
1.00
0.88
0.92
1.34
1.26
MEG
1.00
1.00
1.22
1.19
1.35
1.83
1.62
1.62
1.85
1.85
3.34
1.43
1.54
1.2/1.5D SF
1.00
1.00
75D POY
1.00
1.00
PET chip / PTA+MEG
1.15
1.18
Value Chain pricing intensity

2.48
POY / PTA+MEG
1.21
1.26
1.72
1.88
POY / Polyester chip
1.21
1.19
1.07
1.26
1.47
1.50
DTY / POY
1.44
1.39
1.18
1.16
1.11
1.20
3000
3500
2500
3000
2000
1000
500
500
500
J
F
M
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
S
O
PTA
MEG
PSF

POY
USA
USA
3000
2500
2500
2000
2000
1500
1500
1000
1000
1500
3000
3500
EUROPE
EUROPE
2500
2000
2000
1500
1500
1000
1000
500
500
PTA
PTA
MEG
MEG
PSFPSF
POYPOY
J
F
M
M
A
A
M
MJ
J
AJ
S
A
O
S
N
O
D
NJ
DF
M
AJ
M
F
MJ
AJ
A
MS
OJ
2500
US$/MT
US$/MT
US$/MT
3000
US$/MT
US$/MT
ASIA
JJ
FF
M
M
A
MA
MJ
JJ
AJ
S
OA
NS
D
O
J
N
F
MD
AJ
MF
MJ
J
AA
M
S
OJ
3500
PTA
PTA
MEG
MEG
PSF
PSF
POY
POY
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Polyester Staple Fibre
In China, mainstream prices for 1.4D direct-melt-spun PSF in Jiangsu and

Zhejiang closed at 9.75-9.85 Yuan a kg (US$1.59-1.61 a kg), down US cent 1 on
the week while the same in Fujian & Shandong was at US$1.59-1.61 a kg. In
Pakistan, prices in Karachi were flat at PakRs.183-188 a kg, or US$1.71-1.76 a
kg. In India, PSF prices softened further by INR0.50 to INR103.75 per kg, or
US$1.68 per kg, down US cents 2 from last week.
2.5
Polyester Staple Fibre
2.0
1.5
1.0
US$ / Kg
Polyester chain went stable this week on support of monthly contract price
settlements, and staple fibre market went range-bound. With short-covering
demand emerging at month-end in China, liquidity increased a bit compared
with last week, though most deals were concluded in smaller volumes.
However, prospect about future market was diverged. Prices in India were
seen dropping for fourth consecutive weeks given the sluggish tone
dominating and the Rupee weakening further. PSF markets are likely to remain
under downward pressure in coming week.
J F M A M
1.4D/38mm China
2013
2012
(US$/Kg)
Product Specs
Market
Term
Last 12 mths
Min
Virgin fibre
1.4D/38mm SD
China
Del
1.5 D/38mm SD
Pakistan
Local
1.4 D/38mm SD
India
Local
Max
1.59
1.87
Prev 6 wks
Min
1.59
1.69
1.61
1-Nov
% YoY
1.63
1.60
1.59
-5.6
1.72
1.72
1.71
-2.4
1.80
1.69
1.68
-6.6
1.47
1.47
1.46
-9.4
1.61
1.92
1.68
1.76
1.64
25-Oct
Max
1.71
1.90
1.68
1.78
1.75
Re-cylced
3-dimensional-crimp hollow 615D
East China
Main
1.46
1.66
1.46
1.56
1.47

Taiwan / ROK 1.4D/38mm SD / Cotlook A index
India 1.5 D/38mm SD / Cotlook A Index
0.78
1.04
0.82
0.91
0.91
-7.7
0.89
Figure in italic is average for the period

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Polyester Filament Yarn
In China, POYs 75/72 was pegged at US$1.76-1.77 a kg, rolling over from last
week, while 75/36 was steady at US$1.71-1.74 a kg. 75/72 DTY prices, in
Shengze were at US$2.26-2.31 a kg, unchanged from last week. In Pakistan,
DTY prices for 150/48/0 intermingled were pegged at PakRs100-107 per pound
or US$0.94-1.00 a pound. In China 50/24 FDYs were pegged at US$1.82-1.86 a
kg, down US cents 7 while 150/96 FDYs were at US$1.63-1.66 a kg, down US
cents 2. In India, POY 130/34 prices were at INR 121.06 a kg or US$1.96,
unchanged from previous week while 250/34 was at INR117.95 or US$1.91 a
kg.
3.50
Polyester POY
3.00
2.50
2.00
1.50
1.00
US$ / Kg
The polyester filament yarn markets in Asia saw some activities boosted by
restocking on rigid demand early this month and healthy trend of PTA futures.
Sales/production ratio for PFY was reportedly passable in China, with numbers
at 100% or slightly higher at most producers. In Jiangsu, offers for POY were
revised upward sporadically, and those for FDY and DTY were largely
maintained. In Pakistan, PFY market went stable, with discounts ongoing in
firm deals. In India, PFY prices trended lower but producers maintained their
offers amid obvious selling indications.
F M
75D POY China
M J
O N
2013
2012
(US$/Kg)
Product Specs
POY 75D/36F
POY 75D/72F
POY 114/108
POY 130/34
FDY 50D/24F
FDY 63D/24F
DTY 75/24/0
FDY 75D/36F
FDY 150D/96F
Market
Shengze
Shengze
India
India
Shengze
Shengze
Pakistan
Changshu
Changshu
Term
Local
Local
Local
Local
Local
Local
Local
Local
Local
Last 12 mths
Min
Max
1.68
1.69
1.99
1.74
2.15
1.86
2.08
1.96
2.09
1.82
2.04
1.80
2.46
2.37
1.99
1.79
1.96
1.63
1.79
-7.1
1.79
1.76
1.76
0.0
1.89
1.87
1.86
-12.4
2.08
1.97
1.96
-5.0
1.94
1.89
1.82
-5.8
1.92
1.81
1.81
-2.7
2.41
2.38
2.37
3.0
1.84
1.81
1.79
-5.1
1.71
1.65
1.63
-8.3
2.39
1.88
1.63
1.71
1.84
2.37
1.78
1.71
1.89
1.91
2.26
1.72
1.99
1.96
1.80
% YoY
1.88
2.00
1.82
1-Nov
1.76
2.02
1.86
25-Oct
Max
1.71
1.82
1.73
Min
1.95
1.78
1.72
Prev 6 wks
1.82
1.66
contd/-

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Polyester Filament Yarn (contd..)
Product Specs
DTY 75D/36F
DTY 75/48/0
DTY 75D/72F
DTY 75D/144F
DTY 150/48/0
DTY 150/48/INT
DTY 150D/288F
DTY 300/96 INT
DTY 300/96/0
1000D/192F high stretch, low
shrink
1000D/192F high stretch
1000D/192F high stretch, low
shrink

Market
Shengze
Pakistan
Shengze
Changshu
Pakistan
Pakistan
Changshu
Pakistan
Pakistan
China Main Port
Shanghai
Shanghai
Term
Local
Local
Local
Local
Local
Local
Local
Local
Local
FOB
FOB
FOB
Last 12 mths
Min
Max
2.12
2.13
2.46
2.37
2.36
2.25
2.41
2.31
2.21
2.04
2.32
2.06
2.22
2.02
2.18
2.04
2.12
1.98
2.06
2.00
1.95
1.92
2.05
1.98
1.99
2.38
3.0
2.28
2.26
2.27
-1.6
2.33
2.31
2.32
-2.2
2.07
2.05
2.05
-5.6
2.24
2.07
2.07
-9.5
2.02
2.02
2.02
-5.7
2.07
2.05
2.05
-3.6
2.01
1.99
1.98
-4.4
2.00
2.00
2.00
-2.4
1.92
1.92
1.92
1.1
1.98
1.98
1.98
-3.4
2.00
1.90
1.80
2.38
1.99
2.00
1.72
2.41
2.06
2.05
1.90
-2.6
2.02
2.10
1.96
2.13
2.12
2.10
2.02
2.14
2.06
2.24
2.02
2.20
2.31
2.14
2.06
% YoY
2.26
2.33
2.04
1-Nov
2.39
2.27
2.20
25-Oct
Max
2.16
2.37
2.17
Min
2.26
2.19
2.26
Prev 6 wks
1.92
1.98
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Polyester Chips
2,500
Polyester Chips
2,000
1,500
1,000
US$/Ton
With PTA markets almost flat this week and rising MEG prices polyester chip
markets remained gripped by caution this week and producers adopted waitand-watch stance. Semi dull PET chip market was thinly traded for the dearth
of enquiries. Super bright chip markets mirrored SD chip market with sporadic
deal done at high levels amid overall insipid atmosphere. CDP chip market
fluctuated in weakness, reflecting the lack of buying interest in the
downstream segment. There is a strong likelihood that the markets will remain
range bound in coming week in line with raw material sector.
J F M A
Taiwan FOB
A S
2013
O N D
2012
In China, semi dull chip was offered at 9,050-9,150 Yuan a ton (US$1,475-1,490
a ton), unchanged from last week while super bright chips mainstream offers
were at 9,100-9,300 Yuan a ton (US$1,480-1,515 a ton), up US$15 from last
week at eh upper end of the price range. CDP chip mainstream offers were at
10,300-10,350 Yuan a ton (US$1,675-1,685 a ton), up US$30 from previous
week. Asian marker, the FOB Taiwan/Korea for semi-dull, continuous spinning
fibre grade chip prices was at US$1,650 a ton, rolling over from last week.
(US$ / Ton)
Product Specs
Market
Term
Cont polymerised (SD, fil grd)
China
Local
Super bright, fil grade
China
Local
CDP
China
Local
Semi-dull, fibre grade
Taiwan / ROK
FOB
Last 12 mths
Min
Max
1,473
1,786
1,588
1,481
1,786
1,473
25-Oct
1-Nov
% YoY
1,529
1,476
1,473
-7.6
1,594
1,484
1,481
-7.5
1,708
1,647
1,676
-5.2
1,700
1,650
1,650
-2.9
1.66
1.64
1.64
1.62
1.62
1.60
1.49
1.47
1.46
1.45
1.45
1.43
Max
1,481
1,533
1,874
1,749
1,600
Min
1,503
1,603
1,638
Prev 6 wks
1,638
1,671
1,775
1,683
1,650
1,679

1.45
Taiwan-Korea SD chips/ Korea FOB PTA
1.66
1.54
1.42
Taiwan-Korea SD chips/ Korea FOB MEG
1.63
1.77
1.59
1.36
China SD fil gr chips / China mainstream PTA
1.39
1.50
1.56
1.60
1.50
1.45
China SD fil gr chips / China mainstream MEG
1.60
1.43
1.46
1.66
1.40
1.43

10
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1,700
1,400
1,100
800
500
US$/ Ton
Despite falling paraxylene prices Asian purified terephthalic acid markets were
assessed flat week on week. Prices generally remained unchanged this week as
the negotiation for November contract price started during the week. In US
terephthalic acid price was heard set at a decrease from September, following
last week's settlement of the US paraxylene contract. PTA markets in H1
November may be gentle and stable, but if no positive factors show later, the
prices may again step onto to the downward path, also dragged by soft
feedstock.
F M A
M J
Korea/ Taiwan FOB
O N D
2013
2012
Asian PTA markers remained flat week on week to be assessed at US$1,0001,002 a ton CFR China while South Asian numbers were at US$1,007-1,012 a
ton. Midweek spot PTA CFR China was at US$999.60-1,001.6 a ton while CFR SE
Asia was heard at US$1,003-1,005 a ton. CFR South Asia was assessed at
US$1,030-1,032 a ton. Formula-derived October US terephthalic acid price was
set at US cents 62.42 per pound a US cent 1.14 decline from September.
(US$/ Ton)
Product Specs
Market
Term
Offers
Korea/ Taiwan
FOB
Goods in bonded areas
China
CIF
Imported goods
China
CIF
China
Main
China
Local
Domestic producers
Last 12 mths
Min
Max
1,007
1,199
1,097
1,005
1,200
1,190
1-Nov
% YoY
1,060
1,007
1,007
-8.0
1,005
1,065
1,010
1,005
-9.0
995
1,050
995
1,010
-7.3
1,053
1,000
1,000
-8.6
1,252
1,215
1,204
-6.8
0.73
0.72
0.73
0.71
0.70
0.71
1,024
1,204
1,094
1,204
1,007
25-Oct
Max
1,033
1,088
1,000
Min
1,032
1,100
995
Prev 6 wks
1,000
1,025
1,410
1,289
1,204
1,232

0.70
Korea FOB / Korea FOB paraxylene
0.77
0.72
0.75
0.70
0.73
0.68
China mainstream / China spot paraxylene
0.72
0.72
0.71

11
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Mono Ethylene Glycol

2,000
Mono Ethylene Glycol

1,500
1,000
500
0
US$/Ton
Mono ethylene glycol prices rose in Asian markets on the week amid firmer
crude. The markets moved within a tight range this week, and retreated from
last week earlier this week. Midweek saw sporadic short-covering activities as
the market was faltering. European October MEG contract price was fully
settled at a fall on September. US MEG contracts also moved down to open
November as lower prices in Asia and a slight decline in US Gulf pricing
contributed to fall. MEG markets will still be weak in corrections in case of no
significant support.
M A
2013
Taiwan / Korea FOB
D
2012
Asian MEG markers rose US$10 week on week to be assessed at US$1,0351,037 a ton CFR China and US$1,030-1,032 a ton CFR Southeast Asia. Early in
the week, offers were maintained in the range of US$1,020-1,030 a ton against
bids at around US$1,010-1,020 a ton and talks hovering around US$1,0201,030/ton. European October MEG contract price was fully settled at Euro 985
a ton (US$1,357 a ton) FD NWE, representing a fall of Euro 53 on September. In
US, MEG contracts moved down US cent 1 to open November as lower prices
in Asia and a slight decline in US Gulf pricing contributed to decrease.
(US$ / Ton)
Product Specs
Market
Term
Front month offer
Korea/Taiwan
FOB
Goods in bonded areas
China
CIF
Buying ideas
China
CIF
Mainstream
China
CIF
MEGlobal's nomination
Asia
CFR Asia
Shell's nomination
Asia
CFR Asia
Sabic's nomination
Asia
CFR Asia
Last 12 mths
Min
Max
938
1,230
1,235
1,072
940
1,220
1,187
1,310
1,073
1,020
1,030
-4.5
1,035
1,080
1,045
1,035
-4.6
1,020
1,070
1,035
1,020
-4.7
1,025
1,068
1,025
1,035
10.0
1,220
1,220
1,220
1,220
-3.9
1,230
1,230
1,215
-4.3
1,200
1,200
1,200
-7.0
0.82
0.77
0.78
0.77
0.73
0.75
1,220
1,310
1,219
1,100
% YoY
1,049
1,212
1,090
1-Nov
1,046
1,059
1,100
1,020
25-Oct
Max
1,062
1,062
937
Min
1,051
1,062
950
Prev 6 wks
1,215
1,228
1,310
1,198
1,200
1,200

0.77
Korea FOB / Korea FOB ethylene
1.02
0.86
0.73
China mainstream CIF / NE Asia CFR ethylene
0.83
0.77
0.79
0.93
0.73
0.76

12
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Paraxylene
Asian paraxylene markers fell US$5 day on day and US$12 on the week to be
assessed at US$1,387-1,388 a ton FOB Korea and US$1,411-1,413 a ton CFR
Taiwan/China. The Northwest European spot price was assessed US$20 lower
on the week at US$1,290 a ton FOB ARA. In US, paraxylene spot price tanked
US$60 week on week to an assessment of US$1,290 a ton FOB USG as markets
pegged spot in the range of US$1,270-1,300 a ton, as demand waned. October
US paraxylene contract price was settled down Us cents 2 at US cents 73.50
per pound.
Product Specs
Market
Korea
Europe
China
Taiwan
Exxon's nomination
Asia
Term
FOB
FOB
Spot
CFR
Contract
2,500
Paraxylene
2,000
1,500
1,000
US$/Ton
Paraxylene prices in Asian markets fell week end and were also lower on the
week due to a rollover of laycan. Meanwhile, no major settlement was reached
for November paraxylene Asian Contract Price, the fourth month this year that
buyers and sellers failed to agree on a single price. European spot price for
paraxylene was assessed down as the market was heard longer and trades
were done at lower levels. In US, spot paraxylene tanked week on week, as
talks lowered amid excess supply. October US paraxylene contract price was
also settled down.
J F M A
Korea FOB
Prev 6 wks
Min
Max
1,372
1,699
1,387
1,592
1,290
1,724
1,411
1,724
1,411
1,750
1,420
1,500
N D
2012
Min
25-Oct
1-Nov
% YoY
1,463
1,399
1,387
-9.5
1,380
1,310
1,290
-12.8
1,487
1,423
1,411
-12.0
1,487
1,423
1,411
-9.4
1,580
1,580
1,420
-160.0
1.61
1.54
1.48
1.83
1.74
1.70
Max
1,448
1,525
1,400
A
2013
1,338
1,525
1,399
1,424
1,424
1,399
(US$ / Ton)
Last 12 mths
1,290
1,448
1,565
1,553

1.48
Korea FOB / Japan CFR naphtha
1.75
1.48
2.13
1.70
1.63
-
SE Asia CFR / Japan CFR naphtha
1.70
Europe FOB / Rotterdam naphtha
1.94
1.54
1.76

13
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Ethylene
2,000
Ethylene
1,500
1,000
500
0
US$/Ton
Weak buying sentiment pulled down ethylene prices in Asian markets and
concerns about tight supplies eased. Ethylene prices have been falling over the
past four weeks ending the steady upward movement for 10 weeks in a row
across the region. Softening was more visible in the past week. In Europe, NWE
ethylene contract price for November was fully settled at fall of Euro 30 on the
month while spot prices were too seen falling sharply. In US, spot ethylene
jumped on the week reaching a 1-month high on increased buying interest.
Production margins also climbed hitting their highest level for October.
F M A M J
Korea FOB
A S O N D
2013
2012
Asian ethylene markers, the CFR Northeast Asia fell US$25 week on week to be
assessed at US$1,374-1,376 a ton while the CFR Southeast Asia slipped US$5
during the week to US$1,429-1,431 a ton. Spot ethylene assessments in
Europe was at Euro 985-990 a ton FD NWE, down Euro 20 over the week while
CIF NWE values were at US$1,245-1,250 a ton CIF Mediterranean. European
ethylene contract price for November was fully settled at Euro 1,195 a ton FD
NWE, down Euro 30 from October. US spot ethylene jumped 2 cents/lb week
on week, assessed Friday at 49.25-49.75 cents/lb FD USG after reaching a 1month high of 50.75 cents/lb FD USG.
Product Specs
Market
Term
NW Europe
CIF
NW Europe
FD Spot
US Gulf
FD Phy.
NE Asia
CFR
SE Asia
CFR
Korea
FOB
(US$ / Ton)
Last 12 mths
Min
Max
1,090
1,540
1,340
1,105
1,564
1,493
1,424
% YoY
1,380
1,290
1,245
-7.1
1,330
1,468
1,387
1,330
-10.8
959
1,124
1,041
1,085
-8.8
1,359
1,424
1,399
1,374
3.0
1,469
1,434
1,429
11.3
1,364
1,329
1,324
1.16
1.12
1.10
1.61
1.58
1.53
1.95
1.85
1.75
1,389
1,469
1,429
1,449
1,322
1,079
1-Nov
1,039
1,285
1,142
1,245
25-Oct
Max
1,402
1,241
1,154
Min
1,310
1,401
959
Prev 6 wks
1,369
1,228
1,289
1,328

1.07
Korea FOB / Japan CFR naphtha
1.30
1.15
1.21
SE Asia CFR / Japan CFR naphtha
1.14
1.61
1.44
1.64
NW Europe FD Spot / Rotterdam naphtha
1.91
1.10
1.53
1.57
2.11
1.75
1.85

14
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Nylon Chain
October-13
Asia
Euro/Ton
low
high
571
US$/Ton
low
high
778
Crude Oil
Naphtha
767
Europe
US$/Ton
Euro/Ton
low
high
low
high
799
587
563
760
558
USA
US$/Ton
Euro/Ton
low
high
low
high
736
540
760
558
Benzene
1,254
1,255
921
922
1,200
1,201
881
882
1,238
1,238
909
909
Caprolactum
2,372
2,384
1,742
1,750
2,477
2,667
1,819
1,958
2,160
2,160
1,586
1,586
Polyamide Chips
2,680
2,718
1,968
1,996
8,045
8,375
5,907
6,149
NFY
POY 15D
7,427
7,582
5,400
5,500
DTY 15D
9,367
9,918
6,800
7,200
DTY 40D hoseiry

40D warpknit
5,929
6,259
4,300
4,550
POY 70D
4,849
4,959
3,520
3,600
5,510
5,642
4,000
4,100
5,951
7,604
4,369
5,583
6,325
7,097
4,600
5,150
7,824
8,375
5,745
6,149
4,276
5,091
3,100
3,700
4,628
5,069
3,398
3,722
3,570
3,989
2,600
2,900
4,077
5,730
2,994
4,208
70D weaving tube
3,400
3,550
2,496
2,607
DTY 70D/68F
70D/24F weaving
3,350
3,400
2,460
2,496
Indl Yarn 840D
3,250
4,000
2,386
2,937
BCF 1200D
Benchmark ratio: USA = 100

Caprolactum
70D weaving (tube)
0.57
0.47
0.93
0.74
1.00
1.00
840D, Industrial
0.70
0.79
0.92
1.00
1.00
1.00
1.75
1.74

1.14
70D NFY / CPL
1.43
1.49
5000
ASIA
4500
4000
3500
3000
2500
2000
J F MAM J J A S O N D J F MAM J J A S O
CPL
PA chips
NFY

2.06
2.22
4500
4000
EUROPE
3500
US$/Ton
1.90
1.13
US$ /Ton
1.89
Chip / CPL
US$ /Ton
CPL / Benzene
4500
4000
3500
3000
3000
2500
2500
2000
2000
1500
1500
1000
1000
CPL
NFY
15
USA
J FMAM J J A S O N D J FMAM J J A S O
CPL
NFY
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Nylon Filament Yarn

The softening of caprolactum and nylon chip prices continued to support nylon
textile yarn market. However, demand for NFY remained lackluster on tight
cash flow and high inventory in downstream textile sectors, and the weakness
is expected to last into November. In case of staple fiber, cord fabric and
fishing-net yarn sectors, buying interest will also be stable on the back of lean
inventory, despite lusterless terminal demand. Given a long feedstock market,
cost may soften further and NFY sentiment is likely to weaken further.
7.00
Nylon Filament Yarn

6.00
5.00
4.00
US$/ Kg
3.00
In China, the mainstream prices for nylon filament FDY 70D/24F SD were in the
range of US$3.87-3.91 per kg in China, down US cents 2-4 from last week while
40D/12F FDY FD were at US$4.31-4.47 a kg, unchanged from previous week.
DTYs 70D/24F were pegged at US$4.12-4.39 a kg, rolling over from last week
while 30D/10F DTY prices were steady at US$5.13-5.29 a kg.
F M A
M J
70D/24F China local
O N D
2013
2012
(US$ / Kg)
Product Specs
Market
Term
DTY 30D/10F SD
China
Local
DTY 70D/24F SD
China
Local
FDY 40D/12F SD
China
Local
Last 12 mths
Min
Max
4.91
5.34
5.14
4.03
Min
5.04
25-Oct
1-Nov
% YoY
5.14
5.14
5.13
-0.5
4.15
4.13
4.12
-1.6
4.32
4.32
4.31
0.8
1.54
1.51
1.54
1.76
1.75
1.76
Max
5.07
4.29
4.07
4.11
4.11
4.18
Prev 6 wks
4.46
4.25
4.23
4.26

1.45
China DTY 70D / China SD chip local
1.55
1.51
1.90
1.71
1.51
1.69
China DTY 70D / China caprolactum mainstream offer
1.76
1.52
1.73

16
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Polypropylene
Asian polypropylene prices edged down in Far East Asia this week but were up in India in a largely stable market. The PP raffia and
injection markers were assessed at US$1,505 a ton CFR Far East Asia, down US$5 from last week. In North Africa, polypropylene
market was balanced this week as prices closed at US$1,515-1,520 a ton CFR, unchanged from last week. In Europe,
polypropylene market saw prices fall this week amid weak demand as they closed the week at Euro 1,190-1,195 a ton FD NWE.
US polypropylene contract prices for November were still expected to fall, although likely not to the extent originally expected by
some. North American prices for polypropylene dropped in October as seasonal demand declined. Regional prices were down US
cents 2 cents per pound, after prices were flat in September. In Latin America, buying interest was weak with few offers heard in
the polypropylene market this week. Prices were stable in Brazil and Peru with co-polymer at US$1,645-1,655 a ton CFR Peru.

17
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Nylon Chips
5,000
4,000
3,000
2,000
Nylon Chips
1,000
US$/Ton
Nylon chip markets were weak this week as producers faced high cost pressure
while buyers still kept purchases on need-to basis. In China, producers were
running at low capacity, citing high cost pressure, but inventory was around 715 days, and run rate of high-speed spinning chip producers was at around
80% with stable demand and firm prices. Downstream, nylon textile yarn
makers were running at around 80% capacity with inventory worth 20-30
days. Downstream demand is expected to remain sluggish and thus, the nylon
chip market sentiment will hold stable in coming weeks.
MJ J
SE Asia FOB
OND
2013
2012
Offers for Taiwan-origin chips were down US$10-50 to US$2,680-2,720 a ton

while South Korea-origin chips were traded at US$2,630 a ton. In China, bright
conventional spinning nylon-6 chips were pegged at 18,000-19,500 Yuan a ton
(US$2,930-3,175 a ton), down US$5 from last week. Semi-dull chips of
different qualities from producers were at 20,000-21,000 Yuan a ton (US$3,2553,420 a ton), unchanged from last week.
(US$ / Ton)
Product Specs
SD high speed spinning
Market
SE Asia
Term
CIF
SD high speed spinning (Taiwani) China
CIF
SD high speed spinning
China
Local
Conventional Spng Chips
China
Local
Nylon 66 wet chips (EPR27)
Henan Shema
Ex work
Nylon 66 dry chips (FYR27D)
Henan Shema
Ex work
Last 12 mths
Min
Max
2,600
2,870
2,900
2,722
3,061
3,519
3,344
% YoY
2,700
2,700
2,680
-1.8
2,680
2,730
2,730
2,680
-4.3
3,255
3,287
3,261
3,255
1.6
2,929
3,058
2,935
2,929
-1.2
3,832
3,832
3,824
0.5
3,832
3,832
3,824
0.5
1.15
1.14
1.15
1.05
1.01
1.05
2,995
3,832
3,708
3,640
1-Nov
3,272
3,061
3,640
2,650
25-Oct
Max
2,705
3,243
2,892
Min
2,675
2,691
2,620
Prev 6 wks
3,659
3,717
3,832
3,711
3,659
3,717

1.11
SE Asia SD chip / SE Asia caprolactum CFR
1.23
1.15
0.94
China SD chip local / China caprolactum offer price
1.05
1.11
1.13
1.10
1.01
1.02

18
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Caprolactum
As benzene prices softened downstream caprolactum market went rangebound this week also due to small change in downstream demand amid
expanding supply. Low-end prices softened due to increasing availability. In
downstream segment demand was flat as demand for conventional chips was
weak with inventory at chip producers was around 7-15 days while nylon
textile yarn makers were running at around 80-90% capacity with inventory at
20-30 days worth. Caprolactum markets are expected to soften as supply will
increase, combined with flat demand.
4,000
Caprolactum
3,500
3,000
2,500
2,000
US$/Ton
1,500
Asian caprolactum markers, the Far East Asia and South East Asia were in the
range of US$2,340-2,350 a ton, down US$20 from last week. In China,
mainstream trading prices for low-end caprolactum were at 17,500-17,700
Yuan a ton (US$2,850-2,880 a ton) for solid, while bulk liquid were around
17,200-17,500 Yuan a ton (US$2,800-2,850 a ton). Sinopec issued November
nomination at 18,600 Yuan a ton (US$3,025 a ton), while DSM Nanjings
nomination was at 19,100 Yuan a ton (US$3,110 a ton). Some contracts were at
US$2,450 a ton at high-end.
Product Specs
Market
FE Asia
SE Asia
From Japan
From East Europe
China
China
China
DSM Nomination
CFR Asia
Term
CFR
CFR
CIF
CIF
Mainstr
eam off
Contract
J F M A
SE Asia CFR
Prev 6 wks
Min
Max
2,170
2,500
2,340
2,500
2,340
2,550
2,390
2,500
2,340
3,242
2,799
3,286
3,108
2,334
O N D
2012
Min
25-Oct
1-Nov
% YoY
2,390
2,360
2,340
2.6
2,390
2,360
2,340
2.6
2,420
2,420
2,420
-3.2
2,390
2,360
2,340
4.0
2,993
2,918
2,799
-0.8
3,163
3,163
3,108
3.2
1.92
1.92
Max
2,373
2,926
2,813
2,403
2,330
2,701
2,373
2,419
2,170
J
2013
2,373
2,334
2,320
(US$ / Ton)
Last 12 mths
2,170
2,927
3,150
3,071

1.53
SE Asia CFR / SE Asia benzene FOB
1.99
1.84
1.78
-
FE Asia CFR / Taiwan benzene CFR
1.89
-

19
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Benzene
Benzene prices fell in Asian markets amid thin demand from China and weaker
downstream SM derivatives prices. Most market activities were focused on
December and January cargoes. European benzene market continued its
freefall this week, as the appetite for spot volumes remained curbed and
traders found it difficult to clear stocks. Prices sank to lowest level since end
2011. US spot benzene price also declined week over week, assessed as
November contract price settled lower. Latin American benzene markets
tracked the falling energy and prices fell week on week.
2,000
Benzene
1,500
1,000
500
Asian benzene marker, the FOB Korea declined US$27.50 to US$1,226.501,227.50 a ton week on week, neutralizing the rise posted in the preceding
week. In Europe, spot barges were assessed at US$1,176.50-1,177.50 a ton
FOB Rotterdam while the CIF ARA values were heard at US$1,166.50-1,167.50
a ton, both down US$3 from last week. Meanwhile benzene contract was fully
settled at a decline of Euro 78 a ton. In US, spot benzene price sank US cents 6
week over week, assessed at US cents 407.95-408.05 a gallon for November
while contract price was settled US cents 27 lower at Us cents 410 a gallon.
Latin benzene was assessed US$17 down at US$1,159-1,161 a ton FOB Brazil.
Product Specs
Market
Term
Korea
FOB
US Gulf
FOB
Rotterdam
FOB
ARA, Europe
CIF
SE Asia
FOB
US$/Ton
Min
Max
1,195
1,479
1,319
1,549
1,534
A S
2013
O N D
2012
Prev 6 wks
Min
1,227
25-Oct
1-Nov
% YoY
1,279
1,254
1,227
-7.3
1,286
1,235
1,220
-17.9
1,252
1,180
1,177
-14.1
1,242
1,170
1,167
-14.2
1,290
1,226
1.64
1.63
1.59
1.65
1.59
1.61
1.56
1.54
1.57
1.49
1.48
Max
1,217
1,174
1,208
1,524
1,329
1,186
1,246
1,339
1,164
F M A
Korea FOB
1,258
1,345
1,174
(US$ / Ton)
Last 12 mths
1,217
1,164
1,198
1,478
1,226
1,260
1,316

1.56
Korea FOB / Asia crude CFR
1.96
1.58
1.95
1.59
1.72
1.55
SE Asia FOB / Asia crude
1.62
1.62
1.72
1.51
US Gulf FOB / US Light crude
1.94
1.45
Rotterdam FOB / European Brent
1.68
1.51
1.56
1.69
1.93
1.45
1.51

20
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Acrylic Chain
October-13
Asia
US$/ton
low
high
Euro/ton
low
high
778
571
Crude Oil
Naphtha
767
Propylene
Europe
US$/ton
Euro/ton
low
high
low
high
587
799
563
760
1,380
1,012
1,013
1,415
1,115
1,039
3,510
2,250
540
736
760
558
1,378
Acrylonitrile
USA
US$/ton
Euro/ton
low
high
low
high
819
558
1,287
1,298
945
953
2,550
2,730
2,850
2,004
2,093
0.25
0.26
ASF
ASF 1.5-3.0D
2,350
2,410
1,725
1,770
3,100
Benchmark ratio: Europe = 100

Propylene
Acrylonitrile
ASF 1.5-3.0D

ACN / Propylene
ASF / ACN
0.21
0.22
4500
4000
Asia
3500
0.28
US$/Ton
US$ /Ton
ASF / Wool Aus. EMI
0.32
4500
4000
3500
3000
3000
2500
2500
2000
2000
1500
Europe
1500
J F MAM J J A S ON D J FMAM J J A S O
ACN
ASF

ASF
21
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4.00
3.50
3.00
2.50
2.00
1.50
1.00
US$/ Kg
Acrylic staple fibre prices declined this week in China after a prolong period of
stability. Prices slipped as October contract settlement and new nominations
retreated, which lowered liquidity. October settlements and Nov nominations
were announced down, which dragged talks substantially this week. Demand
was still lackluster and bullish signs were hard to emerge as buyers were
cautious and preferred to hold back buying for now. Sentiment is likely to
remain the weak due to low demand support as players will focus on inventory
and acrylonitrile prices.
F M A
M J
1.5D/38mm Taiwan FOB
O N D
2013
2012
Offers for regular ASF was at US$2.35-2.40 a kg. while Japan-origin goods were
at US$4.03 a kg, both flat at previous weeks level. In China, offers for 1.5D
staple and 3D staple were respectively pegged at 17.45- 17.80 Yuan a kg
(US$2.84-2.90 a kg) and 17,150-17,400 Yuan a kg (US$2.79-2.83 a kg). In
Pakistan, 1.2D fibre was pegged at PakRs.300 a kg unchanged from last week
or US$2.81 a kg. In India, producers prices retreated INR 7 to INR 265 a kg or
US$2.67 a kg, down US cents 13 including weak INR.
(US$ / Kg)
Product Specs
Market
Term
1.5D/38mm
China
Mainstr
eam off
1.5D/38mm
Taiwan
FOB
1.5D/38mm
India
Local
0.9D
India
Local
1.2D
India
Local
3D tow
India
Local
3D wet spin
China
Mainstr
eam off
Last 12 mths
Min
Max
2.66
2.91
2.82
2.30
2.60
3.09
3.09
3.09
2.91
2.91
2.84
6.6
2.35
2.35
2.35
2.35
0.0
2.67
2.81
2.79
2.67
-3.4
2.67
2.81
2.79
2.67
-3.4
2.67
2.81
2.79
2.67
-3.4
2.81
2.79
2.67
-3.4
2.88
2.88
2.79
6.1
1.60
1.60
1.56
1.29
1.29
1.29
2.77
3.09
2.82
2.62
% YoY
2.77
2.82
2.55
1-Nov
2.77
2.82
2.55
2.84
25-Oct
Max
2.35
2.82
2.55
Min
2.89
2.40
2.55
Prev 6 wks
2.67
2.77
2.88
2.78
2.79
2.86

1.33
1.5D/38mm China / North China ACN self lifting
1.75
1.57
1.25
1.5D/38mm Taiwan / NE-SE Asia ACN CFR
1.34
1.56
1.58
1.44
1.27
1.28

22
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Acrylonitrile
3,000
Acrylonitrile
2,500
2,000
1,500
1,000
US$/Ton
Asian acrylonitrile prices declined this week due to an influx of offers for
deepsea cargoes, particularly from the US amid limited demand. European
acrylonitrile market saw spot prices fall this week due to weak demand in the
market. In US, acrylonitrile export assessment was steady on the week amid
thin trade activity. No firm bids, offers or deals were heard this week. Market
fundamentals could hardly give a clear guidance and limited confirmed deals
depressed sellers confidence, despite high offers at ports. With firm cost
support and limited cargo arrivals will lend some power to the market and
prices may slightly fluctuate in coming week.
F M A
China CFR
M J
A S
2013
O N D
2012
Asian acrylonitrile markers were up US$10-40 with CFR Far East Asia at
US$1,864-1,866 a ton, down US$10 from last week while CFR Southeast Asia
marker fell US$40 at US$1,839-1,841 a ton. European acrylonitrile prices were
down US$5 assessed at US$1,790-1,795 a ton CIF Mediterranean. US
acrylonitrile export prices assessment remained flat over the week at US$1,6901,710 a ton FOB USG.
(US$/Ton)
Product Specs
Market
Term
North China
Self
lifting
China
CFR
US Gulf
FOB
Europe
CIF
Last 12 mths
Min
Max
1,839
2,341
2,050
2,010
1,722
1,595
2,212
25-Oct
1-Nov
% YoY
2,283
2,283
2,262
23.0
1,850
1,820
1,820
10.3
1,760
1,690
1,690
6.3
1,800
1,795
1,790
7.2
1.36
1.36
1.28
1.25
1.28
6.28
Max
1,820
1,830
1,797
1,470
Min
2,246
2,116
1,650
Prev 6 wks
1,690
1,722
1,990
1,770
1,790
1,798

1.27
SE Asia CFR / SE Asia propylene CFR
1.51
1.29
1.54
1.24
1.70
1.28
6.86
6.28
1.37
1.19
China CFR / China propylene CFR
1.31
1.31
1.28
Europe / NW Europe propylene FD
1.26
1.46
5.59
US Gulf / USA propylene spot
6.30
1.28
6.28

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Propylene
Asian propylene marker, the FOB Korea was assessed up US$10 at US$1,3991,401 a ton while FOB Japan was pegged at US$1,389-1,391 a ton. The South
East Asian market was down US$10 at US$1,374-1,376 a ton. Spot propylene
market in Europe saw prices close at Euro 1,032-1,037 a ton FD NWE, down
Euro 9 from last week. The NWE November contract price for propylene fully
settled at Euro 1,080 a ton FD NWE representing a decrease of Euro 30 from
October. In US, spot chemical-grade propylene was US cent 3.50 lower on the
week, to be assessed at US cents 56.25-56.75 per pound delivered.
2,000
Propylene
1,500
1,000
500
US$/Ton
Propylene markets in Asia were diverse this week as prices rose this week in
the Northeast Asian market but declined in Southeast Asia on ample supply. In
Europe, spot propylene market fell this week as November contract price for
propylene was fully settled at a decrease from October. In US spot refinerygrade propylene gained this week as November talks remained firm despite
nomination were flat for the month. In Latin America, some ongoing propylene
turnarounds in key countries are set to resume production in the coming week.
The market is stable with supply and demand in balance.
0
D
F M A
M J
Korea FOB
O N D
2013
2012
(US$ / Ton)
Product Specs
Market
Term
Korea
FOB
Japan
FOB
Taiwan
CFR
SE Asia
CFR
China
CFR
Chemical grade
NW Europe
FD
Chemical grade
NW Europe
CIF
Chemical grade
USA
Spot
Last 12 mths
Min
Max
1,212
1,405
1,403
1,296
1,257
1,459
1,434
1,469
1,437
1,389
1,399
8.2
1,359
1,389
1,384
1,389
1,419
1,454
1,449
1,454
1,374
1,434
1,384
1,374
1,429
1,469
1,459
1,469
1,393
1,437
1,437
1,393
1,325
1,325
1,296
1,361
1,317
1,240
1.83
1.79
1.78
1.30
0.08
1,413
1,325
1,120
1,102
1,399
1,450
1,232
892
% YoY
1,414
1,371
1,019
1-Nov
1,440
1,328
1,279
1,369
25-Oct
Max
1,378
1,358
1,199
Min
1,386
1,312
1,179
Prev 6 wks
1,255
1,281
1,631
1,330
1,240
1,301

1.58
SE Asia / Asia crude CFR
1.86
1.73
0.98
NW Europe / European Brent
1.82
1.31
1.17
0.07
USA / US light
0.09
1.78
1.30
1.30
0.11
0.08
0.08

24
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Viscose Chain
October-13
Asia
US$/ton
low
high
Second cut linters
Cotton pulp staple gr
Euro/ton
low
high
439
439
323
323
1,069
1,069
785
785
866
866
636
636
2,089
2,089
1,534
1,534
Europe
US$/ton
Euro/ton
low
high
low
high
USA
US$/ton
Euro/ton
low
high
low
high
Cotton pulp fil gr

Wood pulp staple gr
VSF
1.5D/38mm
VFY
120D Bright
5,467
4,014
120D Dull
5,516
4,050
300D Bright
3,748
2,752
300D Dull
3,797
2,788
Benchmark ratio: Asia = 100

Wood pulp staple gr
1.00
1.00
1.5D/38mm
1.00
1.00

VSF / Wood pulp
2.41
2.41
VSF / Cotton pulp
1.95
1.95
VFY / Wood pulp
6.31
VFY / Cotton pulp fi gr

25
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5.00
4.00
3.00
2.00
1.00
US$/ Kg
Viscose staple fibre markets remained weak in corrections in Asia and saw
decline in prices. Downstream players were still not active in procurement,
despite low offers from producers. Weakness lingered over the VSF market in
China while both yarn and fabric sectors softened. In India, VSF markets went
softer as downstream yarn producers consumed raw material inventory amid
bearish views about the market while export market scaled down a bit. Given
the incremental inventory as a result of low sales and reduced trading volumes
VSF prices are expected to remain range bound at low levels in the coming
weeks.
J F M A M J
1.5D/38mm China local
S O N
2013
D
2012
In China, mainstream discussions for medium-end goods were at about 12.70

Yuan a kg (US$2.07 a kg), with the low end at 12.50-12.60 Yuan a kg (US$2.032.05 a kg). Most high-end prices were at 13.00-13.20 Yuan a kg (US$2.12-2.15
a kg). In Pakistan, 1.5D VSF prices were stable at PakRs235 a kg or US$2.20 a kg
in the Karachi market. In India, VSF prices were down INR 2.50 at INR 136-143
kg or US$2.20-2.31 a kg, down US cents 5 from last week.
(US$ / Kg)
Product Specs
1.2D bright bleached
1.2D dull
1.5-2.0D bright bleached
1.5-2.0D dull
1.5-2.0D spun shades
1.5D/38mm
1.5D
Market
India
India
India
India
India
China
Pakistan
Term
Last 12 mths
Min
Max
Produce
rs offer
2.09
Produce
rs offer
2.16
Produce
rs offer
2.06
Produce
rs offer
2.12
Produce
rs offer
2.06
Local
Local
2.23
2.76
2.31
2.63
2.20
2.70
2.26
2.58
2.20
2.39
2.07
2.64
2.12
25-Oct
1-Nov
% YoY
2.34
2.28
2.23
-16.3
2.42
2.36
2.31
-16.2
2.31
2.25
2.20
-16.4
2.37
2.31
2.26
-16.3
2.31
2.25
2.20
-14.6
2.11
2.10
2.07
-8.2
2.21
2.21
2.20
-16.8
6.74
6.51
6.23
3.36
3.35
3.30
Max
2.29
2.52
2.37
2.40
2.26
2.32
2.47
2.43
2.26
2.20
2.08
Min
2.66
2.43
2.07
Prev 6 wks
2.09
2.33
2.18

4.96
1.5D/38mm China local / Second cut linters
6.74
5.88
2.86
1.5D/38mm China local / Imported wood pulp
3.18
6.23
6.62
3.41
3.30
3.34

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Viscose Filament Yarn

8.00
Viscose filament yarn markets in Asia saw marginal changes in prices as

producers mostly moved volumes in line with the market movement. Later in
the week, prices remained flat, and producers basically sold at that level.
Downstream buyers also showed limited interest in buying. Upstream filamentgrade pulp prices remained unchanged this week. Filament-grade pulp was at
US$920-930 a ton. In India, VFY markets were was mostly steady and prices
rolled over. Overall, the VFY markets are likely to remain weak in coming week.
Viscose Filament Yarn
7.00
6.00
5.00
4.00
US$/Ton
3.00
F M A M J
300 D China
A S
2013
O N D
2012
In China, 120D first-class VFYs were offered at 35.00-36.00 Yuan a kg (US$5.715.87 a kg), second-class at 34.00-34.50 Yuan a kg (US$5.54-5.63 a kg) and third
class at 33.00-33.50 Yuan a kg (US$5.38-5.46 a kg). In India, 100D bright VFY
was pegged at INR 398-400 a kg, or US$6.43-6.46 a kg, down US cents 3 from
previous week due to weak INR while 450D was traded at INR 246-248 a kg or
US$3.97-4.01 a kg, down US cents 2 for similar reason.
(US$ / Kg)
Product Specs
100D bright
150D bright
150D bright
300D bright
300D dull

Market
India
India
China
China
China
Term
Local
Local
Local
Local
Local
27
Last 12 mths
Min
Max
5.98
6.43
6.62
5.72
6.77
5.94
4.76
3.72
4.79
3.77
4.26
% YoY
6.51
6.46
6.43
-9.2
5.79
5.74
5.72
-9.5
5.98
5.98
5.97
-11.8
3.78
3.78
3.78
-20.6
3.83
3.83
3.82
-20.1
5.95
4.20
3.76
1-Nov
5.75
6.36
3.71
25-Oct
Max
6.47
6.17
5.91
Min
7.41
6.92
5.32
Prev 6 wks
3.74
3.79
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Wood and Cotton Pulp

2,000
Wood Pulp
1,500
1,000
500
US$/Ton
Softwood pulp market remained firm this week as longshoremen strike

impacted some regions and producers more than others. NBSK contract
business prices gradually moved towards the earlier announced US$970 level
and several producers have separately announced a further increase from 1
November. This hike is typically in the range of US$20 a ton bringing
commodity NBSKP gross contract price to US$990 a ton. The US NBSK pulp
index moved up US cents 96, or by 0.10%, to close at US$962.57 a ton. In
Europe, the NBSK Index was at US$887.34 a ton, up US$4.12 (Euro 644.07,
down Euro 1.37). In China, the BHKP Index closed the week at US$657.37 a
ton, up US$0.59 from previous week.
In dissolving markets, pulp producers in China were anxious to sell products,
but they kept offers firm at 6,600 Yuan a ton (US$1,075 a ton) or below
supported by raw materials. No news was heard regarding the anti-dumping
investigation for dissolving pulp in October in China. Prices for softwood pulp
were in the range of US$850-860 a ton. Offers for dissolving pulp were above
6,800 Yuan a ton (US$1,110 a ton) and actual trading prices were raised to
6,600 Yuan a ton (US$1,075 a ton).
D J F M A M J
Wood pulp Imported
Staple Grade China CIF
A S O N D
2013
2012
(US$/ Ton)
Product Specs
Second cut linters
Cotton pulp staple grade
Market
China
China
Imported wood pulp staple grade China

Wood pulp staple grade
Brazil
Term
CIF
CIF
CIF
CIF
Last 12 mths
Min
Max
430
1,172
1,067
915
1-Nov
% YoY
456
447
456
-2.6
1,071
1,071
1,069
-7.5
950
860
870
869
860
-7.5
980
900
900
900
900
-5.3
438
1,069
886
880
25-Oct
Max
431
1,093
850
Min
574
482
1,057
Prev 6 wks
866
900

28
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Cotton
200
Cotton futures closed down this week as growing supplies drove investor
selling, signaling the end of the speculator-driven rally that lifted cotton to US
cents 94 highs earlier this year. The most-active December cotton contract on
ICE Futures U.S. edged down US cents 2.50 on the week to settle at US cents
76.58 per pound. The December contract is almost down 18 percent from its
August high of US cents 93.72. The Cotlook A index also lost US cents 1.05
closing the week at US cents 84.90 while the China Cotton Index lost 10 Yuan
at 19,649 Yuan a ton.
Cotton
150
100
50
Cts/ pound
F M A
M J
Cotlook 'A' Index

CFR
A
2013
O N D
2012
In Pakistan, cotton prices have been declining every day due to low demand
and a continuous decline in the commoditys price on the New York cotton
market. The Karachi Cotton Association (KCA) revised down its cotton spot rate
by almost PakRs300 per maund this week to Rs6,705 per maund ex-Karachi.
Cotton prices in India continued to decline due to poor demand from millers
and exporters. Cotton harvest is expected to reach a historic high this season,
but exports are forecast to drop 13.5 percent due to slowing demand from top
consumer China.
(US cents /lb)
Product Specs
Market
Term
Cotlook 'A' Index
Far East Asia
CFR
American PIMA -Col 3, leaf 3, st

46
USA
Spot
American PIMA -Col 3, leaf 3, st

44
USA
Spot
New York Futures
USA
Futures
China Cotton Index
China
Spot
Grade 3, staple 1-1/32"
Pakistan
Spot
Bunny/Brahma
India
Spot
Shanker 6
India
Spot
MCU-5
India
Spot
Last 12 mths
Prev 6 wks
25-Oct
1-Nov
% YoY
Min
Max
Min
Max
79.40
97.10
84.90
93.15
85.95
84.90
5.7
163.00
160.00
163.00
47.5
150.00
153.00
52.2
85.66
79.08
76.58
-2.5
145.43
145.43
145.08
7.7
85.46
79.97
76.25
2.6
100.99
89.65
85.74
6.1
99.95
86.96
83.48
4.5
102.23
86.57
89.13
89.58
110.50
163.00
100.50
153.00
117.81
69.58
93.40
145.43
87.34
100.99
99.95
102.23
90.60
76.25
85.74
95.06
86.95
79.22
141.38
80.91
89.16
76.08
85.66
143.71
80.02
77.59
153.00
85.66
140.36
74.31
135.00
140.50
82.22
134.65
145.00
150.50
127.81
83.48
93.26
86.57
97.83

29
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Wool
16
Wool
14
12
10
8
6
4
US$/ Kg
The Australian wool market was almost stable steady this week with a firm
tone towards the end of the week. The EMI eased back Aus cents 3 to close the
week at Aus$10.95. In US$ terms, with currency depreciating, the EMI was
down US cents 15 to US$10.36. The North index saw the most loss of US cents
17, with South following at US cents 15. West Index was down US cents 14. 21
to 23 micron wools were firm to unchanged, with the better style and strength
lots up. Fine to broad merino wool offering recovered while most sought after
lots were the better styles. Crossbreds also firmed, and oddments were lower.
F M A
AWEX EMI Australia Spot
O N D
2013
2012
Among major microns, 26-micron lost the most with prices down US cents 20
ending the week at US$7.39 a kg while 22-micron and 18-micron were down
US cents 12-13 at US$11.37 a kg and US$12.07 a kg, respectively. 23 micron
was down US cents 4 at US$11.39 a kg. Merino carding continued falling with
losses this week at US cents 14 to US$7.68 a kg.
(US$ / Kg)
Product Specs
Market
Term
AWEX EMI
Australia
Spot
AWEX EMI
North Australia
Spot
AWEX EMI
South Australia
Spot
AWEX EMI
West Australia
Spot
18-Microns
South Australia
Spot
22 Microns
South Australia
Spot
23 Microns
South Australia
Spot
26 Micron
South Australia
Spot
Merino Carded
South Australia
Spot
Last 12 mths
Min
9.11
12.07
11.71
7.49
10.45
10.89
10.73
10.55
-5.4
10.16
10.59
10.35
10.20
-4.1
11.06
10.76
10.62
-3.6
12.51
12.19
12.07
-14.2
11.81
11.50
11.37
1.1
11.74
11.43
11.39
2.7
7.73
7.59
7.39
-16.2
7.93
7.82
7.68
18.6
10.33
12.19
10.44
10.75
14.83
11.99
12.20
12.88
11.23
11.49
12.58
11.12
11.38
8.81
8.02
6.45
-4.6
10.66
11.29
7.32
10.36
10.47
11.40
9.42
10.50
10.28
12.60
9.52
10.72
11.86
10.71
10.57
% YoY
Max
10.36
9.18
1-Nov
Min
10.71
9.00
25-Oct
Max
10.51
9.28
Prev 6 wks
7.35
7.54
7.93
7.55
7.76

30
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100% Cotton Spun Yarn

5.0
100% Cotton Spun Yarn

4.5
4.0
3.5
3.0
US$/ Kg
100% cotton yarn market sentiment was stable but trading was subdued this
week. In China, trading volume for 21s and 32s remained passable, but that for
other specs were not. Domestic low-priced yarn was traded in scattered
volume due to production halt and production reduction. Trading for highcount yarn was healthy amid a price rise in raw materials, but trading volume
for regular specs was limited. In India, yarn export prices fell sharply in line
with a lack of demand and a fall of cotton prices. The domestic yarn market
was also depressed, as the fabric production for festive season has been
completed.
J F M A M
40/1 Cotton yarn
A S
2013
O N
D
2012
In Shandong, selling targets for OE 21s were pegged at 16.00 Yuan a kg

(US$2.60 a kg) and 18.00 Yuan a kg (US$2.93 a kg) respectively amid high
inventories. In Jiangsu, 32s and 40s were priced at 32.50 Yuan a kg (US$5.29 a
kg) and 34.00 Yuan a kg (US$5.53 a kg), respectively. In India, 30s carded
cotton prices fell to US$3.40 a kg FOB India as of end October in effective
transactions. 30/1 combed yarn was pegged at US$3.45 a kg, down US cents 20
over previous week.
(US$ / Kg)
Product Specs
21/1 carded cone
21s
21s/2
30/1 carded cone
32s cone
40s
40s carded weft 100% cotton
40s cone
Market
Pakistan
China
China
Pakistan
Pakistan
China
India
Pakistan
Term
Local
Local
Local
Local
Local
Local
Local
Local
60/1 carded cone
Pakistan
Local
60s carded
India
Local
100s combed
India
Local
Last 12 mths
Min
Max
2.82
Prev 6 wks
Min
3.20
2.96
4.16
3.51
4.21
4.20
3.60
3.35
3.82
3.67
4.37
4.36
3.91
3.34
4.83
4.47
4.14
4.50
3.86
3.04
3.34
5.4
3.52
3.52
3.51
5.1
4.21
4.21
4.20
3.9
3.46
3.35
3.46
6.0
3.77
3.73
3.67
16.0
4.37
4.37
4.36
3.4
3.84
3.36
3.34
-1.4
4.52
4.50
4.48
3.9
4.06
3.88
3.86
-6.3
5.31
5.26
5.23
-16.2
3.47
4.52
4.13
3.03
4.36
3.47
4.20
3.04
3.73
4.30
3.11
3.08
3.38
3.63
4.22
% YoY
4.20
3.44
3.16
1-Nov
3.52
4.14
3.27
25-Oct
3.03
3.47
4.04
Max
4.50
4.14
3.62
4.04
4.84
5.68
3.92
6.24
5.23
5.28

Ex Mill Prices

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100% Polyester Spun Yarn

Offers for spun polyester yarn were steady this week, despite falling polyester
staple fibre prices. Given short-covering demand from downstream yarn mills,
some traders were building up inventory and liquidity is likely to expand in
coming weeks. In China, spun polyester yarn prices held stable with decent
liquidity. In India, the rebound of the rupee did not help India's yarn exporters.
Market participants however expect that exports could recover after Diwali, as
PSF prices were seen falling consistently in October.
10
100% Polyester Spun Yarn
8
6
4
2
In China, prices of 40s and 50s were at 15.10-15.60 Yuan a kg (US$2.46-2.54 a

kg) respectively while PSF 1.4D 38mm were ranged bound, with central price at
around 9.75 Yuan a kg (US$1.59 a kg). Mainstream prices for 32s yarn were at
14.10-14.20 Yuan a kg (US$2.29-2.31 a kg) in Qianqing, Zhejiang. In India,
export price for 100% polyester spun yarn was pegged at US$1.90 a kg for
20/2, down US cents 15 while 30/1 was at US$2.35 a kg, also down US cents
15.
US$/ Kg
0
D
J F M A M
32s Polyester yarn
A S
2013
O N D
2012
(US$ / Kg)
Product Specs
Market
Term
21s
China
Local
32s
China
Local
45s
China
Local
50s
China
Local
60s
China
Local
Last 12 mths
Min
Max
2.04
2.26
2.16
2.24
2.44
2.58
2.63
1-Nov
% YoY
2.18
2.12
2.12
1.1
2.31
2.35
2.32
2.31
1.9
2.46
2.50
2.46
2.46
2.0
2.65
2.58
2.57
0.7
2.62
2.59
2.57
-3.5
2.48
2.71
2.62
2.57
2.12
25-Oct
Max
2.33
2.49
2.47
Min
2.14
2.33
2.40
Prev 6 wks
2.57
2.60
2.69
2.57
2.60

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100% Viscose Spun Yarn
In China, offers for spun viscose yarn in Xiaoshan and Shaoxing for weaving
yarn 30s were down by 300 at 17.50-17.60 Yuan a kg (US$2.85-2.86 a kg). In
Pakistan, the Faisalabad yarn market remained silent and most of the buyers
stayed on the sidelines. 30s spun viscose yarn was pegged at US$3.54 a kg,
down US cents 3 while 40s was at US$3.70 a kg, down US cents 4. In India,
export price for 30/1 was at US$2.55 a kg while 40/1 was pegged at US$2.80 a
kg, both down US cents 25 from previous levels.
10
100% Viscose Spun Yarn
8
6
4
2
0
US$/ Kg
Viscose spun yarn markets were subdued this week as VSF prices continued to
soften across markets in Asia. However, transaction for 10s and 30s spun
viscose yarn was passable. Viscose spun yarn markets in China were mute, and
downstream yarn producers were not active in procurement. In Pakistan,
viscose spun yarn market activity is weak, due to a fall of exports to China.
Spinners expected demand to rebound after the yarn fair in China, but the
continuous depression resulted in a fall of yarn demand. It is expected that
viscose spun yarn sentiment will be corrected in the coming weeks.
D J FMA M J J A S ON D
30s Viscose yarn
2013
2012
(US$ / Kg)
Product Specs
Market
Term
10s
China
Local
20s
China
Local
30s
China
Local
40s
China
Local
50s
China
Local
Last 12 mths
Min
Max
2.52
2.76
2.63
2.68
2.92
3.08
3.28
1-Nov
% YoY
2.56
2.54
2.52
-5.9
2.68
2.70
2.69
2.69
-3.2
2.85
2.88
2.85
2.85
-1.8
3.13
3.13
2.99
-2.1
3.22
3.18
3.12
-7.5
2.86
3.22
3.08
3.12
2.52
25-Oct
Max
2.69
2.92
2.99
Min
2.55
2.76
2.84
Prev 6 wks
2.99
3.04
3.40
3.12
3.19

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Polyester / Cotton Blended Yarn

10
Polyester/Cotton Yarn
8
6
4
2
0
US$/ Kg
Market sentiment for blended yarns barely changed this week. Selling activity
was poor for polyester-cotton yarns. In India, polyester-cotton prices (65-35)
dropped more than 10% as demand from China weakened for a few weeks,
partly due to the surging competition from Pakistan, where prices rose lesser
in US$ terms in the recent weeks. In China, blended spun yarn prices were
stuck at the same levels during the week amid depressed atmosphere. In
Pakistan, local buyers were less interested in ordering yarns at current prices
due to the decline of textile sales.
D J FMA M J J A S ON D
30s 65/35 PC yarn
2013
2012
In China, Shandong based Uni-Lucky Textile pegged polyester-cotton (40/60)

21s yarn and 50/50 yarn at 20.90 Yuan a kg (US$3.40 a kg) and 20.00 Yuan a kg
(US$3.25 a kg) respectively amid high inventory pressure. In India, export price
for polyester-cotton (52/48) 20/1 was pegged at US$2.75 a kg, down US cents
20 from previous levels while 30/1 was at US$2.90 a kg. Polyester-viscose
(65/335) 30/1 was at US$2.70 a kg, unchanged from previous week while 40/1
was down US cents 10 at US$2.80 a kg.
(US$ / Kg)
Product Specs
16s 65/35
21s 65/35
32s 65/35
30s 65/35
45s 65/35
60s 65/35
Market
China
China
China
India
China
China
Term
Local
Local
Local
Local
Local
Local
Last 12 mths
Min
Max
2.71
2.86
3.02
3.01
3.21
3.20
3.83
3.72
3.41
3.38
3.60
3.59
3.56
2.87
2.87
2.86
5.7
3.02
3.02
3.01
3.8
3.21
3.21
3.21
4.8
3.83
3.73
3.73
4.9
3.41
3.39
3.38
4.2
3.60
3.60
3.60
1.3
3.77
3.33
3.09
% YoY
3.21
3.56
2.97
1-Nov
3.01
3.15
3.22
25-Oct
Max
2.87
2.97
3.01
Min
2.87
2.81
2.90
Prev 6 wks
3.40
3.60

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Polyester / Viscose Blended Yarn (65/35)

(US$ / Kg)
Product Specs
18/1
20/1
20/1
24/1 Bright
30/1
30/1
40/1
40/1
Market
Pakistan
Pakistan
India
Pakistan
Pakistan
India
Pakistan
India
Term
Local
Local
Local
Local
Local
Local
Local
Local
Last 12 mths
Min
Max
2.63
2.64
2.95
2.70
3.26
2.94
2.78
2.49
2.89
2.49
3.26
2.94
3.52
2.95
3.55
3.10
3.35
2.64
-5.2
2.78
2.77
2.76
-2.4
3.09
2.95
2.95
-9.8
2.53
2.50
2.49
-10.4
2.89
2.81
2.89
12.0
3.09
2.95
2.95
-9.8
3.28
2.96
2.95
2.5
3.42
3.12
3.12
-9.0
3.00
3.05
3.09
2.65
2.67
3.10
2.80
2.66
2.51
2.61
2.83
% YoY
3.00
2.67
2.49
1-Nov
2.74
3.10
2.49
25-Oct
Max
2.65
2.82
2.83
Min
2.90
2.77
2.68
Prev 6 wks
3.12
3.22

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Spandex Yarn
(US$ / Kg)
Product Specs
Market
Term
20D Bright Dry Spun
China
Local
20D Bright Melt Spun
China
Local
30D Bright
China
Local
40D Bright
China
Local
40D Bright Warp Knitting
China
Local
70D Bright
China
Local
140D Bright
China
Local
Last 12 mths
Min
Max
7.61
9.62
8.72
9.07
9.46
8.15
7.83
8.48
6.91
9.62
8.55
9.60
26.2
9.43
9.46
9.82
9.44
0.9
8.13
8.15
7.60
8.14
9.2
7.81
7.83
6.65
7.81
14.6
8.46
8.48
7.44
8.46
21.3
7.66
6.81
7.65
12.2
7.66
6.65
7.65
17.7
8.47
7.66
7.64
7.65
7.15
6.50
% YoY
7.81
7.58
6.82
1-Nov
8.14
7.18
6.98
9.59
25-Oct
Max
9.44
7.73
6.52
Min
9.61
9.32
7.31
Prev 6 wks
7.66
7.64
7.65

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Naphtha
1,500
Naphtha
1,000
500
0
US$/Ton
With support from strong demand, naphtha margin in Asia reached 7-1/2month high of USUS$130.78 a ton this week. Japan's Mitsui Chemicals bought
a cargo for H2-December delivery, at two-digit premiums to Japan quotes on a
C&F basis. Malaysia-based Lotte Chemical Titan decided, however, to withdraw
a purchase tender for H2-December cargoes due to a lack of offers and after
Formosa bought naphtha for H1-December arrival at a premium of US$5-7 a
ton to Japan quotes. This reflected a sharp hike in prices as Formosa paid a
discount of US$1-3 a ton for cargo scheduled for H2 October previously.
F M A
Japan CFR
J
A
2013
O N D
2012
Sentiment in the European naphtha market was boosted mid week by rising
demand from Asia, with the arbitrage east opened from the Mediterranean as
well as from northwest Europe. However, the gasoline/naphtha spread turned
negative for first time in 2013. The front-month spread was pegged at minus
US$2.50 a ton on Friday, having touched a 33-month low of minus US$2.75 a
ton Thursday, down from US$6.25 a ton Wednesday. It had briefly turned
negative in early November 2012.
(US$ / Ton)
Product Specs
Market
Term
Last 12 mths
Min
Max
826
1,041
Prev 6 wks
Min
25-Oct
1-Nov
% YoY
941
909
936
-3.4
770
751
758
-2.1
770
753
758
0.8
776
753
774
0.7
Max
909
Japan
CFR
Rotterdam
Barges
FOB
Mediterranean
Cargoes
Singapore
Cargoes
Far East
CFR Bid
NA
NA
NorthWest Europe
Swap bid
NA
NA
919
661
925
805
631
779
718
685
751
759
734
753
761
820
741
753
764
Value Chain intensity

1.13
Japan CFR / Asia crude CFR
1.30
1.17
0.97
0.94
0.95
0.95
1.20
0.84
Rotterdam FOB / European Brent

Med. cargoes / European Brent
0.90
0.97
1.21
0.95
0.95
0.95
0.95
0.95
0.95
1.00
0.98
1.00
0.95
0.90
Singapore cargo / Asia crude CFR
1.18
1.19
0.92
0.80
1.21
0.95
1.03
0.96
0.98

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Crude Oil
150
Brent crude oil fell sharply this week end, tumbling by nearly US$3 a barrel,
and settling at its lowest point since early July, thus narrowing its premium
over US crude in heavy selling. Meanwhile US crude oil futures also sank to the
lowest since June, while Brent ended with its largest daily percentage loss also
since June. The markets shrugged Libya's oil supply outage and focused on a
strong US$ and a supply overhang that set an overall bearish market tone.
Reports showed US manufacturing sector expanding at its fastest pace in 2-1/2
years in October strengthened the US$ to its highest in more than one month.
Crude Oil
100
50
US$/bl
0
D
F M A
US Light
A
2013
O N D
2012
Brent crude for December delivery settled at US$105.91 a barrel, a loss of 2.7
percent, its largest daily percentage loss since June 20. US oil for December
settled at US$94.61, posting a fourth straight week of losses and its longest
losing streak since June 2012. It was the lowest settlement price for the US
contract since 21 June at US$93.69.
(US$ / Barrel)
Product Specs
Market
Term
Europe brent
IPE
Spot
US Light
USA
Spot
OPEC
Middle East
Wt.
average
NYMEX Future
USA
Futures
Asia
Far East
CFR
Spot
Last 12 mths
Prev 6 wks
Min
Max
Min
Max
98.09
118.10
107.82
110.30
108.63
85.71
108.77
96.41
97.23
114.50
105.98
85.88
108.67
96.48
96.27
111.35
104.60
25-Oct
1-Nov
% YoY
107.82
108.38
-0.4
97.57
96.80
12.7
106.36
106.14
0.2
97.77
96.93
12.9
105.25
105.13
3.0
109.01
96.80
103.14
100.80
106.14
107.32
106.60
96.93
103.12
100.77
105.13
107.08
106.21

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Price Report of Yarns - Detailed Market Analysis

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Price Report of Yarns - Detailed Market Analysis

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Weekly PriceWatch Report

Issue No.44 - 4th November 2013

Polyester Staple Fibre.

Polyester Filament Yarn.

Purified Terephthalic Acid

Mono Ethylene Glycol..

Nylon Filament Yarn

Weekly PriceWatch 4th November 2013

Acrylic Staple Fibre

Viscose Staple Fibre

Viscose Filament Yarn.

Wood and Cotton Pulp

100% Cotton Spun Yarn..

100% Polyester Spun Yarn.

100% Viscose Spun Yarn..

Polyester / Cotton Blended Yarn..

Polyester / Viscose Blended Yarn

Notes to PriceWatch Report

Free delivery within 300 sq.km

Main market offer

Main market cash transaction

Producers' nominated price for ensuing month

Far East Asia

South East Asia

EXCHANGE RATE = US$ 1

Last 12 Last 6 Oct-13

57.305 61.530 61.474

99.843 106.153 106.314 106.501 106.909

Weekly PriceWatch 4th November 2013

Weekly PriceWatch 4th November 2013

Viscose Chain: VSF price down in China, India

Spun yarn: Slowdown in exports to China impacts spun yarn prices

Weekly PriceWatch 4th November 2013

6D solid (fiber fill)

Benchmark ratio: Asia = 100

PET chip / PTA+MEG

Value Chain pricing intensity

POY / Polyester chip

Weekly PriceWatch 4th November 2013

Polyester Staple Fibre

In China, mainstream prices for 1.4D direct-melt-spun PSF in Jiangsu and

Polyester Staple Fibre

Value Chain pricing intensity

Figure in italic is average for the period

Weekly PriceWatch 4th November 2013

Polyester Filament Yarn

75D POY China

Figure in italic is average for the period

Weekly PriceWatch 4th November 2013

Polyester Filament Yarn (contd..)

Weekly PriceWatch 4th November 2013

Cont polymerised (SD, fil grd)

Super bright, fil grade

Semi-dull, fibre grade

Value Chain pricing intensity

Taiwan-Korea SD chips/ Korea FOB PTA

Taiwan-Korea SD chips/ Korea FOB MEG

China SD fil gr chips / China mainstream PTA

China SD fil gr chips / China mainstream MEG

Figure in italic is average for the period

Weekly PriceWatch 4th November 2013

Purified Terephthalic Acid

Purified Terephthalic Acid