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Crude Oil In the early half of the last fortnight, Crude oil price followed a mixed trend due to rise in U.S.A factory index and a critical concern about Spanish economy. According to market experts, poor economic function by China, U.S.A and Germany was also responsible for bearish trend in market. In the second half of the last fortnight, selling offers for Crude oil opened with a firm sentiment and remained range bound. Crude oil traded in M E Asia confirmed that the price remained range bound due to revised outlook on energy market. Naphtha In the early half of the last fortnight, selling offers for Naphtha opened with a firm sentiment and remained range bound, while future price remained on higher level which supported the sellers sentiment for price hike. In the second half of the last fortnight, selling offers for Naphtha opened with a moderate sentiment and inched up by the end of the last fortnight. The offers recovered the earlier loss as demand spiral up. Demand for Naphtha emerged from F E Asian nations like Honam and Daesan which concluded the deal for late November delivery. buying trend in Asian market. In Asian markets, PTA prices were unchanged due to lack of buying enthusiasm. In the second half of the last fortnight, selling offers for PTA increased in Asian market due to firm feedstock prices coupled with robust energy market. PTA market is expected to remain range bound in short term future with firm support of market fundamentals.

Ethylene In the first half of the last fortnight, Ethylene prices opened without any change and were close with a mark of previous fortnight. In European international market, selling offers for Ethylene surged due to tight product avails and strong downstream demand. In the second half of the last fortnight, Ethylene market opened with a mixed sentiment in global market. Market speculators of major downstream plastic product kept close eye on Ethylene as demand from plastic sector remained volatile too. Monoethylene Glycol In the last fortnight, selling offers for MEG was stable-to-firm in global market. In Asian market, selling offers for MEG were quiet, as sentiments failed to firm up due to sluggish activities. Prices largely leveled off, as downstream buyers mainly restocked in small volumes on rigid demand. In the second half of the last fortnight, selling offer for MEG increased in Asian market due to bullish downstream demand and improved regional buying interest. In S E Asian market, selling offers for MEG opened with a steady sentiment.

Paraxylene In the beginning of the last fortnight, selling offers for PX increased in Asian market, due to sturdy downstream demand and firm energy market, coupled with improved buying sentiments in the region. PX price increased in USA market due to firm energy in the market. In the second half of the last fortnight, PX surged in Asian markets due to increased feedstock prices and firm downstream demand. In European market, selling offers for PX were stable due to tight product availability. Purified Terephthalic Acid In the last fortnight, selling offers for PTA opened with a mute pace as regional buying sentiment subdued due to weak energy prices and bearish

(October 01 15, 2012)

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wait-and-see stance during that period. In the second half of the last fortnight, Polyester filament yarn market remained stable, after National holidays due to subdued demand from the downstream market in the Chinese domestic market. Downstream buyers were still cautious and remained at the sidelines amid unclear market fundamentals during the same period. Propylene In the beginning of the last fortnight in Asian market, selling offers for Propylene went down due to weak demand sentiments, coupled with bearish trend in downstream markets. Propylene price declined in European market due to poor upstream energy in market and sluggish demand sentiments in the region. In the beginning of the last fortnight, Propylene price opened with a stable sentiment. In Asian market, selling offers for Propylene were under pressure as downstream players started destocking their products due less demand in the market. Acrylonitrile In the beginning of the first half of the last fortnight, selling offers for ACN opened with a range bound sentiment. ACN producers came up with a huge optimism, but stock piled up, damaged the sentiment. In European market, ACN prices declined due to weak feedstock market. In the second half of the last fortnight, selling offers for ACN declined with the help of ease of availability and poor feedstock prices. In Asian market, ACN price declined due to unfavourable market fundamentals in textiles as well as in plastic markets.

PET Chips PET Chips prices remained stable due to National holidays in China. Polyester chip market was closed in the Chinese domestic market during first half of the last fortnight. PET bottle grade chip export market remained stable. PET Chips prices continued to follow a stable trend due to subdued demand from the downstream market. Downstream buyers were still cautious and purchased on need-to-basis amid weak market fundamentals. PET bottle grade chip export market moved up slightly in line firm feedstock market.

Polyester Staple Fibre Polyester staple fibre market remained stable in the Chinese domestic market during the first half of the last fortnight. Polyester staple fibre prices went down marginally after the holidays, which moved up later in line with the firm feedstock market in the Chinese domestic market. Market sentiment remained cautious and warmed up due to firm support from the feedstock market. Producers reported some inventory pressure and downstream buyers were still cautious and purchased hand-tomouth during the same period. Polyester Filament Yarn Polyester filament yarn market remained stable during the first half due to ongoing National Holidays. Polyester filament yarn market sentiments remained flat as downstream plant kept

Acrylic Staple Fibre ASF market remained steady due to National Holidays in the first half of the last fortnight. Overall, transaction remained flat and downstream buyers kept wait-and-see stance during the same period. ASF prices continued to follow a stable trend amid subdued demand from the downstream

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market. Trading activities remained thin and downstream buyers mainly purchase on hand-tomouth in small volume. Acrylic staple fibre market was under pressure as feedstock market softened coupled with sluggish downstream demand towards the end of the fortnight. In the first of the last fortnight, selling offers for CPL remained stable due to bearish demand from the downstream. By the end of the last fortnight, CPL prices remained stable as downstream buyers were still cautious and kept wait-and-see stance amid unclear market fundamentals. CPL market continued to follow a stable trend in Asian market due to lack of demand from the downstream market and unfavorable market fundamentals. Market participants were cautious about uncertain environment in the Chinese domestic market and export markets.

Polypropylene In the last fortnight in Asian market, selling offers for PP gradually improved due to moderate demand sentiments, coupled with need to base buying in the downstream markets. In the early last fortnight, PP prices opened with stable sentiment due post National Day holiday, due to which buying momentum in Chinese market remained moderate. PP prices declined in European market due to weak market fundamental and sluggish regional buying trends.

Nylon Chips During the first half of the last fortnight, Nylon chips market opened with stable trend. By the end of the first half of last fortnight, market fundamentals remained moderate, while market sentiment remained dull due to long National holidays in China in early October. In the second half of the last fortnight, price of Nylon Chip firm over the optimistic market outlook and robust feedstock prices. By the end of the last fortnight, market fundamentals remained moderate, while market sentiment remained dull due to poor transaction volume. Nylon Filament Yarn Nylon filament yarn market followed a stable trend due to ongoing National holidays in the Chinese domestic market. Trading sentiments remained flat and downstream buyers kept sideline stance during the period. Nylon filament yarn prices went up after the holidays in Chinese domestic market; however demand from the downstream market remained subdued. Overall, Nylon filament yarn market remained stable amid weak trading sentiments and lackluster buying momentum towards the end of the last fortnight.

Benzene In Asian market, Benzene opened with the firm sentiment, which declined due to poor demand in downstream market. Prices went down on the back of a fall in benzene prices in Europe and U.S.A market. Benzene prices in U.S.A market remained firm due to tight supply in the region and assessed in upstream value. Benzene price went up in the second half of the last fortnight in tandem with the firm energy prices and robust demand from the downstream market. Caprolactam

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holidays. Viscose filament yarn market weakened in the Chinese domestic market due to subdued demand and weak market fundamentals. Viscose filament yarn producers reported high inventory pressure during the second half of the last fortnight. Spandex In the first half of the last fortnight, selling offers for Spandex remained steady as market opened with optimistic fundamentals. Demand for Spandex yarn remained stable as operational level of downstream weaving plant remained unchanged. In the beginning of the second half of the last fortnight, Spandex offers remained unchanged despite off poor trading volume. Spandex market remained uncertain as downstream demand was moderate and there was bearish tone in allied yarn markets. Cotton International cotton market remained relatively stable in during the first half of this last fortnight. China cotton prices kept stable due to National Holiday approaching. China domestic market was closed during that period. International cotton market remained stable during the second half. However the prices went down slightly towards the end of the fortnight after USDA released latest report. Overall trading activities remained quiet as downstream market were still cautious about market outlook. Wool During the first half of the last fortnight, Wool prices went down in Australia. Buyers for China were dominant, followed by buyers for Europe and India. In New Zealand, the Wool Services International crossbred Indicators were mixed, with fine crossbred fleece. Wool prices went up during the second half of this last fortnight in Australia Buyers for China were dominant, followed by buyers for Europe and India. It is expected that Australian wool market will remain stable-to-soft in the coming fortnight.

Cotton Linters & Pulp In cotton linter market, overall prices remained stable due to National Holidays. Trading sentiment remained flat as the market was closed in the Chinese domestic market. Imported Dissolving pulp market remained sluggish due to subdued demand from the downstream plants. In Cotton linter market, prices went down after National day holidays, due to weak demand from the downstream buyers. Most of the suppliers of Dissolving pulp did not release offers, as downstream buyers were less interested to buy. Viscose Staple Fibre Viscose staple fibre prices remained stable due to approaching of National day holidays in the Chinese domestic market. Viscose staple fibre market remained stable and trading activities were flat as downstream buyers kept sideline stance during the first half of the last fortnight. Viscose staple fibre prices continued to remain stable in the Chinese domestic market after holidays, due to unclear market fundamentals. Viscose staple fibre market is expected to remain stable-to-weak in the short run amid weak market fundamentals Viscose Filament Yarn Viscose filament yarn market remained stable amid National day holidays in the Chinese domestic market. Trading activities were flat and market sentiment remained lackluster. Some producers stopped their production due to

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(October 01 15, 2012)

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