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Crude Oil In the first half of the last fortnight, Crude oil prices showed a mixed sentiment due to tensions that abated over a bank tax in Cyprus which threatened to worsen the debt crisis of the Eurozone on one hand and a rise in the value of the US dollar on the other. Industry sources update that, Crude oil prices declined due to fall in business figures and activity across major industries in the Euro-zone. In the second half of the last fortnight, selling offers for Crude oil surged due to crucial bills passed by the Cypriot Parliament. Naphtha In the last fortnight, Naphtha prices declined. Higher supply from European region due to lack of demand and outage in downstream industry compelled Naphtha prices to decline. Naphtha margins slipped down in the Asian markets due to weak demand from petrochemical feedstock of Naphtha. In the last fortnight, selling offers for Naphtha increased. In the beginning of the last fortnight, selling offers for Naphtha opened with an optimistic sentiment. Ethylene In the last fortnight, selling offers for Ethylene declined in global market due to weak demand in market. Selling offers for Ethylene went down in European market, due to a weak energy market. In the early second half of the last fortnight, selling offers for Ethylene declined in Asian market due to weak demand in the region coupled with less buying interest. In European market, selling offers for ethylene declined due to weak feedstock price coupled with weak demand. Monoethylene Glycol Paraxylene In the last fortnight, selling offers for PX went down in global market. Selling offers for PX prices plunged down across the global market due to muted buying activity because of sluggish demand. In European market, selling offer for PX declined due to a weak trend in U.S.A and Asia market coupled with the dull regional buying trend. In the second half of the last fortnight, PX market continued its gradual decline. PX prices in Asian market slipped due to ease of availability and lack of buying interest. During the first half of the last fortnight, MEG prices went down in Asian market due to weak demand trends and a drop in fell of feedstock prices. In the second half of the last fortnight, selling offers for MEG further diminished. Overall, in the second half of the last fortnight, MEG offers were fluctuating in a narrow range. In the beginning of the second half of the last fortnight, MEG market opened with weak sentiment due to bearish energy market. In the beginning of the first half of the last fortnight, selling offers for PTA prices saw a fall that was prompted by a weak support from upstream market coupled with weak demand cues and dull downstream polyester demand trends. During the second half of the last fortnight, selling offers for PTA declined in line with dull buying pulse and unworkable price of feedstock. In early second half of the last fortnight, selling offers for PTA went down in Asian markets, due to extremely sluggish regional buying trends exacerbated by bearish downstream demand.

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Polyester Filament Yarn In the first half of the last fortnight, Polyester filament yarn market presented a soft outlook and prices went down due to subdued demand from the downstream market in the Chinese domestic market in line with polyester value chain. Overall, Polyester filament yarn market was under pressure amid unfavorable market outlook. In the second half, Polyester filament yarn market presented a weak performance in line with weak feedstock market and lack of support from the downstream players during that period. PET Chips PET Chips prices went down due to subdued demand from the downstream market in the Chinese domestic market during the first half. Trading activities remained thin and buying momentum was lackluster during the period. Polyester chips prices went down in the Chinese domestic market due to weak market fundamentals and unfavorable macroeconomic outlook during the second half. PET chips producers started feeling inventory pressure and lowered prices in order to reduce inventory balance inventory during the period. Propylene In the beginning of the first half of the last fortnight, Propylene price plunged down due to poor energy market. In Asian market, selling offers for Propylene declined due to product availability and poor buying interest. Selling offers for Propylene declined due to poor demand from downstream market. In the beginning of the second half of the last fortnight, selling offers for Propylene surged in Asian market due to tightness of supply in the region. Acrylonitrile In the beginning of the first half of the last fortnight, selling offers for ACN declined in Asian market due to bearish sentiment form downstream market creating pressure on ACN prices. In European market, selling offers for ACN went down due to poor regional buying interest and weaker feedstock values. In the second half of the last fortnight, ACN prices in F E Asian market declined slowly. Selling offers for ACN fell back due to weak buying sentiment supported by volatile currency market against U.S greenback. Polyester Staple Fibre Polyester staple fibre market followed a downward trend due to weak feedstock market and sluggish demand from the downstream buyers in the Chinese domestic market during the first half of last fortnight. Polyester staple fibre suppliers lowered offers prices in order to reduce inventory during the period. Polyester staple fibre market went down further in tandem with weak feedstock market and sluggish demand from the downstream market in the Chinese domestic market during the second half of last fortnight.

Acrylic Staple Fibre In the first half of the last fortnight, ASF market presented a soft performance and prices remained stable due to sluggish demand from the downstream buyers in the Chinese domestic

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market and in the USD based market during the period. During the second half, in USD based import market, trading activities remained lackluster and prices went down. ASF prices continued to maintain a weak tone and prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market during the second half. during that period. In European market, Benzene prices climbed up in line with firm support from downstream buyers, coupled with the gain recorded in crude oil market. Caprolactam CPL market presented a soft outlook and prices went down due to sluggish demand from the downstream buyers and unfavorable market fundamentals during the first half of the last fortnight. CPL trading activities remained scarce and buying sentiment were insipid during the first half of last fortnight. During the second half of the last fortnight in Asian market, CPL market showed a weak outlook and prices declined further due to sluggish demand from the downstream market, during the same period.

Polypropylene In the last fortnight, selling offers for PP declined due to lack of support from market fundamentals. Many of the PP producers were considering maintenance outage in short term future, as option to curb ample of availability for PP market. In the last fortnight, selling offers for PP followed a mix sentiment in global market due to a bounce back in energy of the market. In the beginning of the second half, selling offers for PP showed a mixed sentiment in Asian market due to tight product availability and bullish buying sentiment.

Nylon Chips In the early phase of last fortnight, selling offers for Nylon chip declined mainly due to weak buying sentiment from downstream market as well as due to weak upstream support. During the first half of the last fortnight, buyers stayed apart from the market. In the second half of the last fortnight, Nylon Chip prices declined significantly due to weak buying momentum. Overall, demand from textile and other converters were dull, buyers awaited for price reduction which was common phenomenon in textiles and allied chain. Nylon Filament Yarn Nylon filament yarn market portrayed a weak performance and prices remained stable due to moderate demand from the downstream buyers in the Chinese domestic market during the first half of last fortnight. There was a big discrepancy between sales and production during the first half of last fortnight. Nylon filament yarn market showed soft appearance and prices went down due to subdued demand from the downstream market in the Chinese domestic market.

Benzene In Asia, Benzene market showed weak appearance due to subdued regional demand from the downstream market, coupled with the drop in energy of market during the first half. In the second half, Benzene market followed an upward trend and prices went up slightly in the global market due to robust demand from downstream market and firm crude oil value

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Producers released stable offers but traded prices went down as downstream buyers were cautious and reluctant to purchase goods amid unclear market fundamentals during that period. Overall Viscose filament yarn market showed a weak outlook due to moderate demand towards the end of the second half. Spandex During the first half of the last fortnight, price of Spandex remained unchanged, as Spandex sellers did not provide any discount to active buyers who cut their plant operational rate to resist financial crisis. In the second half of the last fortnight, selling offers for Spandex opened with firm sentiment as inquiry flow increased and inventories decreased with the downstream customers. Trading volume remained firm to moderate spurred by bullish sentiment during the latter half of the last fortnight. Cotton In China, cotton market remained unchanged due to moderate demand from the downstream market, while Cotton market in India fluctuated at high level during the first half of this last fortnight. Cotton price in India suddenly and abruptly increased, creating a panicky situation in the spinning sector. In China, cotton market remained stable due to a moderate demand, while in India, cotton market followed a mixed sentiment due to lack of support from the downstream market during the second half of last fortnight. Wool Wool prices went down during the first half of last fortnight in Australia. Buyers for China were dominant, with support from buyers for Europe and India. Wool prices continued to follow a downward trend during the second half of last fortnight in Australia. Buyers for China were dominant, with support from buyers for Europe, India and Korea. In other countries, sales are in recess in South Africa until next week.

Cotton Linters & Pulp Cotton linter market remained sluggish amid unfavorable market fundamentals and lack of support from the downstream buyers during the first half. Imported dissolving pulp market remained stable due to anti-dumping investigation in spite of sluggish demand. Cotton linter market remained stable and prices were steady due to sluggish demand in the Chinese domestic market during the second half. Imported dissolving pulp market remained stable due to sluggish demand from the downstream market during the second half. Viscose Staple Fibre In the first half of the last fortnight, Viscose staple fibre market followed a downward trend and prices went down due to sluggish demand from the downstream market in the Chinese domestic market. Viscose staple fibre market remained weakened due to sluggish market outlook during the second half. Viscose staple fibre prices moved down triggered by the rumours about low price product availability in the market during the period. Viscose Filament Yarn In the first half of the last fortnight, Viscose staple fibre market remained in bearish mood and prices were hard to climb upward due to lack of support from the downstream buyers during that period.

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