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Crude Oil During the first half of last fortnight, selling offers for Crude oil prices showed a mix sentiment due to fall in US equity indices on one hand and a decline in crude inventories in the U.S.A on the other hand. Crude oil prices increased in the second half of last fortnight, due to decline in the value of the US dollar and the prediction of improved demand for oil by the International Energy Agency. Inside information stated that the crude oil prices increased owing to the fall in the value of the US dollar. Naphtha In the early first half of last fortnight, Naphtha prices went down due to Asias naphtha intermonth spreads expected to weaken amid due to renewed concerns over weaker petrochemical demand and ease of availabilities. During the second half of last fortnight, Naphtha prices declined due to bountiful supply of deep-sea cargoes and softer petrochemical demand as well as gasoline blending demand requirements starting to taper off. Ethylene In the last fortnight, Ethylene prices increased at a constant rate in line with growing demand. In the beginning of last fortnight, Ethylene prices exhibited a mixed sentiment in Asian market due to ample product availability coupled with sluggish buying sentiments in the region. In the second half of last fortnight, Ethylene prices inched up in line with firm energy prices. Buying momentum remained robust as season for cracker turnaround was about to start and prompted buyers were quickly adjusted with price hike. Paraxylene Monoethylene Glycol During the last fortnight, selling offers for PX surged due to favorable market fundamentals, in the Asian market. During the second half of last fortnight, PX market remained firm. Selling offers for PX surged in Asian markets due to improved buying sentiments in the region coupled with good upstream demand which further turned to bullish. Selling offers for PX in European market increased due to bullish upstream market coupled with surged PX market in the U.S.A and Asia which supported the price increased. In the last fortnight, MEG prices declined. In the early stage of last fortnight, MEG market opened with a pessimistic sentiment. In Asian markets MEG prices went down due to ease of availability coupled with problem of storage capacity on Chinese ports. In the second half of last fortnight, MEG prices remained steady. In Asian markets, trading volume stayed steady due to sporadic transaction. Few small deals were concluded, where as main players remained aside from the market. Purified Terephthalic Acid In the beginning of last fortnight, PTA prices gained in Asian market mainly attributed by improved feedstock prices. By the end of the first half of last fortnight, selling offers for PTA in Chinese domestic market increased. In the second half, the selling offers for PTA were range bound. In early period of last fortnight, selling offers for PTA opened with a firm sentiment as sellers were keen for price hike. Suppliers preferred to hold goods over selling at cheaper rate with thin profit margin.

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Polyester Filament Yarn Polyester filament yarn market fluctuated slightly and prices went down due to sluggish demand from the downstream market in the Chinese domestic market. Polyester filament yarn prices declined due to weak market fundamentals during the first half. Prices for Polyester filament yarn decreased in the USD based market due to subdued demand from the downstream buyers during the first half. Polyester filament yarn market sentiments remained lackluster amid Dragon Boat Festival holidays during the second half. Propylene In the last fortnight, selling offers for Propylene went up. In the beginning of the last fortnight, selling offers for Propylene opened with a firm sentiment. In Asian markets, selling offers for Propylene surged due to tight product availability coupled with firmer upstream market. In the second half of last fortnight, Propylene prices opened with a stable sentiment. Propylene market speculators in Asia expected firm prices in the near future due to improved demand trends in the region coupled with a rise in downstream prices. Acrylonitrile In the last fortnight, prices of Acrylonitrile increased mainly due to supply crunch. During the first half, ACN prices increased because of favorable fundamentals in upstream as well as in downstream markets. In the early second half of last fortnight, ACN prices increased in the Asian markets due to firmer upstream values coupled with improved buying trends in the region. In the European market, market sentiment was optimistic too. Selling offers remained firm with gain in demand. Polyester Staple Fibre Polyester staple fibre market maintained a weak tone and prices went down due to subdued demand from the downstream market in the Chinese domestic market during the first half of last fortnight. Polyester staple fibre prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the second half of last fortnight. Polyester staple fibre market showed soft outlook and prices remained unchanged during the second half of last fortnight.

PET Chips PET chips prices remained stable due to subdued demand from the downstream industry in the Chinese domestic market during the first half. PET producers kept stable offers during the period. On the other side, downstream buyers were not showing enough buying interests amid weak market fundamentals during the period. PET Chips market presented a soft outlook and prices remained almost stable and demand remained subdued from the downstream industry in the Chinese domestic market during the second half.

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Acrylic Staple Fibre ASF market recovered slightly but prices remained almost stable due to sluggish demand from the downstream buyers in the Chinese domestic market. In USD based market, majority of acrylic staple fibre producers revised up their nominations prices for June, which triggered market prices during the period. In USD based import market, market sentiments remained dreary and buying momentum was moderate during the period. Prices remained stable in the USD based market. declined due to sluggish regional buying sentiments, weak crude oil prices and drop in downstream value during that period. In the second half, Benzene market presented firm sentiments but prices remained stable in the Asian markets due to sluggish demand from the downstream market during that period. Caprolactam CPL market presented a firm stance and prices went up due to robust demand from the downstream buyers and tight supply during the first half. CPL suppliers revised up their offer prices during that period. On the other side, downstream buyers actively participated in buying the replenished stocks during the first half. During the second half in Asian markets, CPL market followed an upward trend and prices went up due to firm demand and restricted supply during that period.

Polypropylene In the last fortnight, prices of PP increased in global markets in tandem with firm commodities market. In the early stage of last fortnight, selling offers for PP increased mainly due to limited availability. Sellers aware of traditional seasonal factors held the prices while buying improved. In the second half of last fortnight, selling offers for PP Raffia increased, as few producers reduced their plant operational rate to cope up with costlier feedstock.

Nylon Chips In the last fortnight, selling offers for Nylon Chip went up. In the beginning of the last fortnight, demand for Nylon Chip in Asian market improved as last four fortnights were considered as traditional plant maintenance season. Overall demand for Nylon improved due to strength in global macroeconomic factors and due to tight product availability. In the second half, selling offers for Nylon Chip increased at a slow pace. In the early second half, Nylon Chip prices opened with surged due to robust feedstock prices. Nylon Filament Yarn Nylon filament yarn market presented a dull performance and prices remained stable-to-soft in spite of feeling the cost pressure in the Chinese domestic market during the first half. Nylon filament yarn market showed a modest performance and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market. Nylon filament yarn

Benzene In Asia, Benzene market followed a downward trend due to weak buying sentiments from the downstream market in the region during the first half. In the Rotterdam market, Benzene prices

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prices were stable after Dragon Boat Festival holidays as market players were still in holiday mood during the period. Chinese domestic market. Viscose filament yarn prices declined amid unfavorable market fundamentals and lack of support from the downstream buyers during the first half of last fortnight. Viscose filament yarn prices declined after Dragon Boat festival due to weak support from downstream buyers and unfavorable market fundamentals during the second half of last fortnight. Spandex In the beginning of the first half of the last fortnight, Spandex offers opened at the same level. In the first half, Spandex unit restarted gradually and supplies got ease but wait-andwatch stance of buyer ruined the Spandex prices. In the second half of last fortnight, selling offers for Spandex remained stable as market opened with optimistic fundamentals. Demand for Spandex yarn remained stable as operational level of downstream weaving plant remained unchanged. Cotton International cotton market followed an upward trend due to robust demand from the downstream market and strong support due to export during the first half. In China, cotton market moved up initially driven by the large rebound of ICE cotton future, and then fluctuated in a narrow range during that period. International cotton market continued to follow an upward trend due to robust demand from the downstream market and favorable market fundamentals followed during the second half. Wool Wool prices went down during the first half of last fortnight in Australia. Buyers for China were dominant with support from buyers for India, Europe and Korea. Sales were in recess in South Africa until 6 June, when the last sale for the 2012/13 season will be held. Wool prices followed an upward trend during the second half of last fortnight in Australia. Buyers for China were dominant, with support from buyers for India, Europe and Korea.

Cotton Linters & Pulp Cotton linter market presented a weak performance and prices remained stable due to subdued demand from the downstream cotton pulp market in the Chinese domestic market. Imported dissolving pulp market presented a moderate performance due to sluggish demand from the downstream market. Cotton linter market presented modest appearance and prices remained stable-to-soft in the Chinese domestic market during the second half. Dissolving pulp prices were stable in domestic and import market. Viscose Staple Fibre Viscose staple fibre market presented a weak outlook and prices were relatively stable due to subdued demand from the downstream market in the Chinese domestic market. Viscose staple fibre market sentiments remained lackluster and trading momentum was insipid during the first half. Viscose staple fibre market showed a weak appearance and prices were relatively stable in the Chinese domestic market during the second half. In the USD based export market, viscose staple fibre prices went down due to weak market fundamentals. Viscose Filament Yarn Viscose filament yarn market showed a soft outlook and prices went down due to subdued demand from the downstream market in the

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