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Crude Oil In the beginning of the first half of last fortnight, Crude oil prices increased due to fall in crude and gasoline inventories at U.S.A. The price rise was also supported by a decline in unemployment benefit claims in U.S.A job index. In the second half of last fortnight, Crude oil prices plunged as U.S.A may reconsider its move for a military strike on Syria. The fall in prices was also a result of a rise in crude oil production in Libya and smoothening of geopolitical conditions. Naphtha In the first half, Naphtha price went up in global market. In the early last fortnight, Naphtha prices opened with firm sentiment because of strong demand in global markets. In Asian market Naphtha prices went up due to improved demand in F E Asian region and same as in European market price increased supported by the gasoline sector. In the beginning of the second half of last fortnight, Naphtha prices surged due to tight product availability. Purified Terephthalic Acid In the last fortnight the selling offers for PTA was range bound. During the first half, selling offers for PTA declined in line with dull buying pulse and unworkable costs of feedstock. In the second half, selling offers for PTA remained stable. In the beginning of the second half, PTA prices slumped down slowly due to cautious attitude from traders. During the second half, selling offers for PTA declined marginally in Asian markets due to dull buying pulse and ease of feedstock costs coupled with plentiful availability of PTA.

Ethylene In the last fortnight price of Ethylene increased with steady pace as demand strengthened. Ethylene prices increased in Asian markets due to higher upstream energy value and coupled with tight product availability. In the second half price of Ethylene continued increase, significantly in Asian markets due to tight product availability coupled with strong support from the downstream markets. In European market, selling offers for Ethylene declined due to bearish demand and dull buying sentiment in the region. Monoethylene Glycol MEG price volatile action in the last fortnight. In Asian markets selling offers for MEG went down due to dull buying sentiment with poor demand. In the second half, MEG price remained range bound due to downstream sectors remained dull. In the beginning of the last fortnight, MEG market was stable in Asian markets due to fall in energy value with softer feedstock prices. In U.S.A market, selling offers for MEG also stayed steady due to firm feedstock price.

Paraxylene In the last fortnight, the selling offer for PX declined. In the beginning of the first half, PX market plunged marginally in Asian market due to poor support from downstream market coupled with weaker upstream energy value. PX prices went down in European market mainly due to the bearish buying activity and decreased PX values in Asian market, which supported the price fall. In the second half, PX price opened with firm sentiment but due to bearish market fundamentals, trading price could not sustain the higher level.

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Polyester Filament Yarn Polyester filament yarn market maintained modest outlook and prices stayed stable due to moderate demand from the downstream market in the Chinese domestic market. PFY prices remained unchanged due to lack of support from the downstream market and weak market fundamentals during the first half. Polyester filament yarn market showed sign of improvement initially as downstream plants showed some interest in replenishment but market cooled down gradually towards the end of the second half. PET Chips PET chips market fluctuated and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the first half. PET chips producers released stable offers during the period. On the other side, downstream buyers were cautious and purchased in need-to-basis in a small volume. PET chips market continued to maintain a weak tone and prices remained stable due to sluggish demand from the downstream market in the Chinese domestic market during the second half. Propylene In the last fortnight, selling offers for Propylene inched up slowly. In the beginning of the first half, Propylene price opened with uncertain sentiment, as downstream demand was steady in U.S.A market, while in Asian and European market, selling offers firm up due to limited availability. During the second half, selling offers for Propylene in Asia and European market price went up, while it declined in U.S.A market. In the beginning of the second half, Propylene price surged up in Asian market due to tight product availability and bullish buying trend. Acrylonitrile In the first half, ACN price increased because of favorable fundamentals in upstream as well as in downstream markets. ACN price increased with the help of tight supply and firm feedstock prices. In the second half, ACN offers maintained bullish trend with firm support of availability tightness, good demand, and hike in contractual prices. In Asian market, selling offers for ACN surged due to many of ACN producers were planning to shut their plants, therefore fundamentally sellers were bullish and targeted price hike.

Polyester Staple Fibre Polyester staple fibre prices remained stable due to sluggish demand in the Chinese domestic market during the first half. Polyester staple fibre prices kept stable in tandem with weak feedstock market and unfavorable market fundamentals during the first half in the Chinese domestic market. Polyester staple fibre prices kept stable due to lack of support from the downstream buyers and weak market fundamentals during the second half.

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Acrylic Staple Fibre Acrylic staple fibre market presented slight consolidation and prices remained stable due to moderate demand from the downstream buyers in the Chinese domestic market. Acrylic staple fibre market sentiments improved somewhat but prices remained stable due to lack of support from the downstream buyers during the first half. Acrylic staple fibre market recovered somewhat but prices remained stable due to subdued demand from the downstream buyers in the Chinese domestic market during the second half. value during the first half. In the Rotterdam market, Benzene prices moved up due to strong buying momentum witnessed in the region. In the second half, Benzene prices followed an upward trend due to improved buying sentiments in the region. In the U.S.A market, Benzene prices remained stable amid moderate demand from the downstream buyers. Caprolactam CPL market improved and prices went up slightly due to robust demand from the downstream market during the first half. During the second half of last fortnight in Asia, CPL market continued to follow an upward trend due to firm demand from the downstream buyers during the period. CPL market sentiments remained firm and trading activities improved as downstream buyers actively participated in buying intentions in the beginning of the second half.

Polypropylene In the last fortnight, selling offers for PP moved upward. In the beginning of the last fortnight, many PP producing firm revised their price up due to bullish feedstock market. Sellers preferred to hold their goods as traditional cracker outage season was on the edge in Asian region, and would trigger a climb in regional olefin market. In the beginning of the second half of the last fortnight, selling offers for PP surged up in Asian market due to tight product availability coupled bullish buying trend.

Nylon Chips In the last fortnight, Nylon Chip prices opened with firm sentiment supported by robust feedstock prices. During the first half, selling offers for Nylon Chip continued to adjust up and trading prices were increased gradually. In the last fortnight, Nylon chips market surged due to privileged support from market fundamentals, selling offers for Nylon chip surged marginally due to bullish buying sentiment from downstream market as well as due to strong upstream support. Nylon Filament Yarn Nylon filament yarn market recovered somewhat but prices remained stable due to moderate demand from the downstream buyers in the Chinese domestic market during the first half of last fortnight. Nylon filament yarn prices were relatively stable due to lack of support from the downstream market during the first half. Nylon filament yarn prices remained stable and demand

Benzene In Asia, Benzene market improved and prices went up due to robust buying sentiments from the downstream buyers coupled with the firm energy

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remained subdued from the downstream market during the second half. Viscose Filament Yarn Viscose filament yarn market presented a soft outlook and prices went down due to subdued demand from the downstream market in the Chinese domestic market. Viscose filament yarn prices declined due to weak support from the downstream buyers and unfavourable market fundamentals during the first half. Viscose filament yarn market continued to follow a downward trend and prices went down due to subdued demand from the downstream market in the Chinese domestic market in the second half. Spandex Cotton Linters & Pulp Cotton linter market presented modest outlook and prices remained stable due to moderate demand from the downstream cotton pulp market in the Chinese domestic market. Imported dissolving pulp market recovered somewhat but prices remained stable due to moderate demand during the first half. Cotton linter market presented a weak outlook and prices remained stable-to-soft due to subdued demand in the Chinese domestic market during the second half. Dissolving pulp market presented a soft outlook and prices were relatively stable due to moderate demand from the downstream buyers. Viscose Staple Fibre Viscose staple fibre market maintained a weak tone and prices remained stable-to-soft due to subdued demand from the downstream market in the Chinese domestic market. Viscose staple fibre trading sentiments remained lackluster and trading activities were scarce amid uncertain market fundamentals during the first half. Viscose staple fibre market consolidated and prices remained stable-to-soft due to subdued demand from the downstream market in the Chinese domestic market during the second half. In the last fortnight, selling offers for Spandex increased. In the first half, Spandex market surged marginally in Asian markets. In the first half of the last fortnight, Spandex price opened with firm sentiment as demand was moderate and supply was intermittent. In Chinese market, demand for course and medium count improved but buying orders were not in full swing, remained major hurdle for price rally. In the second half, Spandex price increased in Chinese export and domestic markets. Cotton International cotton market followed down slightly due to weak market fundamentals during the first half of this last fortnight. In China, cotton market remained sluggish amid lackluster market sentiments and insipid trading activities during that period. International cotton market followed an upward trend due to favorable market fundamentals during the second half. In China, cotton market fluctuated in a narrow range amid unclear market outlook during that period. Wool Wool market followed an upward trend in Australia market during the first half of last fortnight. Wool market followed a downward trend in Australia market during the second half of last fortnight.

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(Sep 1 - 15, 2013)