ISIEmergingMarketsPDF ro-kpmg6 from 62.217.241.204 on 2013-09-10 07:41:44 EDT. DownloadPDF. Downloaded by ro-kpmg6 from 62.217.241.204 at 2013-09-10 07:41:44 EDT. ISI Emerging Markets. Unauthorized Distribution Prohibited. .217.204 at 2013-09-10 07:41:44 EDT. POY 75D…………………………………………………………………………………… Textured Yarn 150/48……………………………………………………………….204 on 2013-09-10 07:41:44 EDT.. POY 70D……………………………………………………………………………………. MonoEthylene Glycol………………………………………………………………. Glycol Polyester Chip…………………………………………………………………………. USA Price Forecast…………………………………………………………………………. PSF 1. Polyester Chip. Glycol Polyester Chip………………………………………………………………………….... Textured Yarn 150D………………………………………………………………….. DownloadPDF. www.. .7dtex SD…………………………………………………………………………. PSF 1. MonoEthylene Glycol………………………………………………………………. European Price Forecast………………………………………………………………….241. MonoEthylene Glycol………………………………………………………………..5D SF………………………………………………………………………….241.217. Naphtha…………………………………………………………………………………… Purified Terephthalic Acid………………………………………………………. 2 3 3 3 3 3 3 3 3 3 3 3 5 5 5 5 5 5 5 5 5 6 6 6 6 6 6 6 YnFx Polyester Price Forecast ‐ June 2013 ISIEmergingMarketsPDF ro-kpmg6 from 62.com Tel: 91 22 66291000 Fax: 91 22 22023563 Downloaded by ro-kpmg6 from 62. Naphtha…………………………………………………………………………………… Purified Terephthalic Acid……………………………………………………….YnFx. Asian Price Forecast………………………………………………………………………… Naphtha…………………………………………………………………………………… Paraxylene……………………………………………………………………………….2/1. POY 167dtex……………………………………………………………………………… Textured Yarn 167dtex……………………………………………………………. semi dull………………………………………………………… PSF 1. ISI Emerging Markets.Table of Contents Confidentiality Statement………………………………………………………………………… YnFx Monthly Price Forecast ‐ Polyester…………………………………………………. Ethylene…………………………………………………………………………………… Purified Terephthalic Acid………………………………………………………. Unauthorized Distribution Prohibited.4D/38mm………………………………………………………………………. Information contained in this report is obtained from sources believed to be reliable. however YNFX.com is strictly prohibited.217.YnFx.com will accept no responsibility or liability for commercial decisions claimed to have been based on the content of the report. Unauthorized Distribution Prohibited. YnFx Polyester Price Forecast ‐ June 2013 ISIEmergingMarketsPDF ro-kpmg6 from 62. .204 at 2013-09-10 07:41:44 EDT.204 on 2013-09-10 07:41:44 EDT.241. www.Confidentiality Statement This document is confidential and has been made available to the individual to whom it is addressed on the understanding that its py g p y part p y any y process p content and copyrights will not be misused. quality level required. DownloadPDF.217.241.com Tel: 91 22 66291000 Fax: 91 22 22023563 Downloaded by ro-kpmg6 from 62. All prices in this PriceWatch Report are indicative prices and may vary according to the type of fiber. Reproduction of any of this work by whatsoever without written permission of YNFX. ISI Emerging Markets. 395.47 ‐0. www.5 1.1 1.241.00 1.217.7 15.0 1.217.1 994.3 861.25 1.0 ‐2.00 1. DownloadPDF.50 2.59 1.25 2.5 1.060.198.71 ‐5.Asian Polyester Chain Price Forecast Product / Specs Naphtha Paraxylene Ethylene PTA MEG PET Chip Semi‐dull.0 1.6 1.2 872.00 US$/kg Texture Yarn Price Trend J FMAM J J A S OND J FMAM J J A S OND J FMAM J 2011 2012 2013 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2011 2012 2013 YnFx Polyester Price Forecast ‐ June 2013 ISIEmergingMarketsPDF ro-kpmg6 from 62.8 1.435.5 1.8 30.4D/38mm POY 75D Textured Yarn 150/48 Market Japan CFR Korea FOB Korea FOB Korea/Taiwan FOB Korea/Taiwan FOB Taiwan FOB Korea/Taiwan FOB FE Asia (C&F) FE Asia (C&F) Unit US$/ton US$/ton US$/ton US$/ton US$/ton US$/ton US$/kg US$/kg US$/kg May‐13 Actual 847.50 1.25 1.32 4.203.6 13.50 PET Chips Price Trend 1. ISI Emerging Markets.2 990.YnFx. .56 ‐3.46 1.1 998.27 15.198.4 1.25 2.3 1.057.45 1.78 ‐12.3 988.00 US$/kg 2 50 2.50 POY Price Trend 1.241.00 US$/kg PSF Price Trend 1000 J FMAM J J A S OND J FMAM J J A S OND J FMAM J 2011 2012 2013 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2011 2012 2013 2.75 1.50 2.406.73 1.25 1.421. Unauthorized Distribution Prohibited.0 1.1 1 402 1 1.62 ‐1.6 1.390.89 ‐7.402.73 1600 1500 1400 1300 1200 1100 1000 900 US$/Tons 1400 PTA Price Trend 1300 1200 1100 1000 900 800 US$/Tons MEG Price Trend 800 J FMAM J J A S OND J FMAM J J A S OND J FMAM J 2011 2012 2013 700 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2011 2012 2013 2000 1800 1600 1400 1200 US$/Tons 2.410.5 1.48 ‐5.204 at 2013-09-10 07:41:44 EDT.75 1.0 Jun‐13 Sep‐13 Dec‐13 % YoY % YoY % YoY Forecast Most likely Tentative 850.1 6.00 1.7 1.27 ‐9.5 1.3 16.71 ‐7.9 1 406 9 15 6 1.080.1 1. cont spng Fibre grade PSF 1.0 ‐3.68 ‐1.201.425.59 1.7 ‐1.2 6 2 1 435 65 ‐11.com Tel: 91 22 66291000 Fax: 91 22 22023563 Downloaded by ro-kpmg6 from 62.65 11 1 1.6 1 421 27 ‐6.4 1.75 ‐0.44 ‐10.204 on 2013-09-10 07:41:44 EDT.76 ‐1.0 1.4 1.25 2.61 8.070.75 1.9 1.59 ‐11. major settlement was reached after negotiations of June Asian Contract Price at US$1. unchanged from April. Paraxylene buyers and sellers have again failed to agree and the average spot price for the month is likely to be the default which will be known only in June. Polyester filament pricing will show some weakness in June as supply will run ahead of demand as new capacities will come on‐stream. down US$40 over the month. .42 per kg FOB.400 a ton CFR. market sentiment will remain weak and the main reason fibre prices will not decline since production control will keep supply in line with demand.YnFx.4 denier was quoted at US$1. Asian ethylene prices. May contract nominations for MEG in Asia were settled at US$1. Polyester staple fibre prices went a little softer in China mid weak market sentiment.com Tel: 91 22 66291000 Fax: 91 22 22023563 Downloaded by ro-kpmg6 from 62. In the last week of the month. Polyester fibre chip prices in for May increased from April. PTA prices rebounded a bit in May posting a rise of US$12 a ton after losing about US$150 in the last three months. DownloadPDF. after dropping almost by US$210 in the past three months will hate to fall further despite supply will expand with the starting of ethylene production by ExxonMobil at a new chemical unit in Singapore. but slightly higher than May numbers.150‐1. In polyester staple fibre segment.41 a kg C+F East Asia. Production P d ti of f polyester l t fil filament t in i China Chi was in i full f ll swing i for f the th domestic d ti market.POLYESTER CHAIN IN ASIA Forecast for June 2013 Crude oil prices will hover around US$95 a barrel in June. while actual quote in China was at US$1. k t Prices Pi started t t d strengthening.204 on 2013-09-10 07:41:44 EDT. Asian paraxylene Contract price faced difficulties in fixing leaving the markets to rely on spot prices. Unauthorized Distribution Prohibited. poor growth in China and weakening US consumer spending will weigh on crude market.217. Organization of the Petroleum Exporting Countries is determined to maintain output target at 30 million barrels a day given that prices are in line with Saudi Arabia's preferred level of US$100 a barrel. Supply has increased in response to higher filament volumes during the busy season. demand Trends in May Asian ethylene prices dropped US$27 a ton in May influenced by sluggish upstream energy complex and weak downstream demand. However. PTA market seems to be more likely to head south in June irrespective of paraxylene contract price settlement is finally settled for June. Meanwhile spot prices. Export offers were at US$1360 a ton FOB.190 a ton. Asian MEG spot prices may remain flat as supply will not be as tight as expected. pricing volatility will give them desire to speculate further in the market. In China. YnFx Polyester Price Forecast ‐ June 2013 ISIEmergingMarketsPDF ro-kpmg6 from 62.241. 1. marking the completion of its expansion project at 1 million ton per year steam cracker. and as more players have a taste of MEG trading in the past. declined for the fourth consecutive months losing close to US$200 a ton since February. www. ExxonMobil started ethylene production at a new chemical unit in Singapore.204 at 2013-09-10 07:41:44 EDT.217. In case of paraxylene. PSF prices in Korea and Taiwan remained steady after two months of decline. t th i with ith FDYs FDY up by US cents 4‐8 a kg C+F while POYs and DTYs were dearer by US cents 2 a kg. ISI Emerging Markets.241. 217.246.358.0 141.4 2.227.3 5 3 106.935.5D SF POY 70D Textured Yarn 150D US Gulf Delivered FOB Delivered Delivered Delivered Delivered Market US$/bl US$/ton US$/ton US$/ton US$/ton US$/ton US cents/lb May‐13 Actual 104.00 2.94 0.37 ‐1.28 2.17 105 17 5.00 1.22 141.241.2/1.4 2.2 1.3 1.204 at 2013-09-10 07:41:44 EDT.392.04 6.77 ‐2.9 143.99 ‐0. DownloadPDF.930.USA Polyester Chain Price Forecast Product / Specs Naphtha PTA MEG PET Chip PSF 1.886.14 ‐8.YnFx.2 2.374.68 104 68 1.361.357.7 2.56 4.13 ‐0.951.79 7.68 8.236.00 1.9 89 1.6 6 108 14 108.37 2.50 Jun‐13 Sep‐13 Dec‐13 % YoY % YoY % YoY Forecast Most likely Tentative 105.8 2. .417.97 4.241.3 1.80 3.4 1.876.366.01 ‐1.1 1. Unauthorized Distribution Prohibited.28 2.5 1.6 1.217.20 ‐0.78 3.224.51 5.com Tel: 91 22 66291000 Fax: 91 22 22023563 Downloaded by ro-kpmg6 from 62. www.4 1600 1500 1400 1300 1200 PTA Price Trend US$/Ton 1600 1500 1400 1300 1200 1100 US$/Ton MEG Price Trend 1100 J FMAM J J A S OND J FMAM J J A S OND J FMAM J 2011 2012 2013 1000 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2011 2012 2013 2400 2200 2000 1800 1600 1400 US$/Ton 2900 2700 2500 2300 2100 PET Chips Price Trend 1900 1700 US$/Ton PSF Price Trend 1200 1500 J FMAM J J A S OND J FMAM J J A S OND J FMAM J 2011 2012 2013 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2011 2012 2013 3200 3000 2800 2600 2400 2200 US$/Ton 150 140 130 120 110 100 US cents/l lb POY Price Trend Texture Yarn Price Trend 2000 J FMAM J J A S OND J FMAM J J A S OND J FMAM J 2011 2012 2013 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2011 2012 2013 YnFx Polyester Price Forecast ‐ June 2013 ISIEmergingMarketsPDF ro-kpmg6 from 62.0 2.25 5.8 142.386.944.204 on 2013-09-10 07:41:44 EDT.915. ISI Emerging Markets.4 1.966.66 106 66 ‐14 14. 50 Jun‐13 Sep‐13 Dec‐13 % YoY % YoY % YoY Forecast Most likely Tentative 91.7 1.165.214.80 ‐7.352.04 ‐1.241.58 ‐4. Unauthorized Distribution Prohibited.89 ‐8.732.035.204 at 2013-09-10 07:41:44 EDT.6 1.19 ‐1.00 2.98 91 98 ‐2.1 2.766.051.16 ‐1.57 91 57 1.193.29 ‐3.90 ‐4.3 1.362.4 239.97 ‐2.6 1.00 1.342.737.220.6 2.6 2 6 93.22 93 22 ‐12 12.6 1.31 10.1 2.6 1600 1500 1400 1300 1200 1100 US$/Tons 1700 PTA Price Trend 1600 1500 1400 1300 1200 1100 US$/Tons MEG Price Trend 1000 1000 J FMAM J J A S OND J FMAM J J A S OND J FMAM J 2011 2012 2013 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2011 2012 2013 2400 2200 2000 1800 1600 1400 1200 US$/Tons 3500 PSF Price Trend 3000 2500 PET Chips Price Trend 2000 1500 US$/Ton 1000 J FMAM J J A S OND J FMAM J J A S OND J FMAM J 2011 2012 2013 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2011 2012 2013 2900 2700 2500 2300 2100 1900 400 350 300 250 POY Price Trend 200 00 150 US cents/ kg 1700 US$/Tons Texture Yarn Price Trend 1500 J FMAM J J A S OND J FMAM J J A S OND J FMAM J 2011 2012 2013 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2011 2012 2013 YnFx Polyester Price Forecast ‐ June 2013 ISIEmergingMarketsPDF ro-kpmg6 from 62.50 2.4 2.7dtex SF POY 167 dtex Textured Yarn 167 dtex Market Rotterdam Delivered FOB Delivered Delivered Delivered Delivered US$/bl US$/ton US$/ton US$/ton US$/ton US$/ton US cents/kg May‐13 Actual 91.225.com Tel: 91 22 66291000 Fax: 91 22 22023563 Downloaded by ro-kpmg6 from 62.215.38 ‐5.6 240.70 ‐5.217.00 1.01 0.0 90 1.0 1.339. DownloadPDF.4 1. www.6 237.27 ‐2.YnFx.25 ‐3. ISI Emerging Markets.4 1.8 8 94 45 94.181.1 2.204 on 2013-09-10 07:41:44 EDT.241.039.8 2.European Polyester Chain Price Forecast Product / Specs Naphtha PTA MEG PET Chip PSF 1.064.751.45 ‐9.217.00 237.65 1.23 ‐2.169. .79 ‐5. In Europe a slightly weaker Euro will give some support to local yarn makers while there will be serious attempt to lift prices for mainstream yarns. Unauthorized Distribution Prohibited. DownloadPDF. Spot prices remained under pressure as they declined US$125 in April and further by US$10 in May. MEGlobal revised its North American Benchmark price to US cents 61 per pound. months Mainstream 150 D POY was at Euro 1.241. In US. In US.120 a ton with a roll over for May. but supply will remain snug through June.POLYESTER CHAIN IN EUROPE & USA Forecast for June 2013 The June contract price for ethylene for Europe was fully settled at Euro 1. www.020 a ton. MEG contract prices are expected to drop in June after MEGlobal revised its North American Benchmark price at a decrease from May. affecting decision price throughout the fiber system into textiles and finished products. The initial settlement was between Total Petrochemicals and BP Refining and petrochemicals with buyer Ineos.34 per pound whereas imports from Asia were coming at less than US$1 per pound. 150D DTY was at US$1. The April decrease in paraxylene contract for Europe prompted a slight pick in PTA sales.45‐1.57 per pound. . polyester fibre chip prices moved down US cents 5 and in Europe by Eurocents 2‐6. but the main influence on polyester remains the position of paraxylene which is unclear. The April paraxylene contract for Europe was finally settled at Euro 1. Pressure will mount on DTY prices to soften in US given the drop in raw material costs and widening delta between domestic and Asian values.241.com Tel: 91 22 66291000 Fax: 91 22 22023563 Downloaded by ro-kpmg6 from 62. with textured yarns at Euro 1. Trends in May p y p prices p y by y a stock replenishment p p y y . a US cents 2 decrease from May.YnFx.217. MEGlobal had set its June North American MEG benchmark price at US cents 63 per pound.25 per pound and that of PTA at US cents 61.70‐1.204 on 2013-09-10 07:41:44 EDT.80 a kg. though not as expected by sellers. For five times in last one year. In US.217. Various textile filament markets in Europe were struggling to stabilize prices after the weakness of recent months. Buyers and sellers of MEG in Europe remained in deadlock in terms of April contract. There were no issues in terms of supply. but had to compromise with Euro 1. The direction of polyester will be generally downwards. ISI Emerging Markets. up Euro 5 on May. which has spread uncertainty into US and Europe. The decrease or roll over in Asia contracts resulted in a slight increase in May for US contracts.55 a kg. which led to firmer European ethylene spot were buoyed drive in the polyethylene chain. a rollover from May.204 at 2013-09-10 07:41:44 EDT. April paraxylene contract settlement was done at US cents 72. In US. but settlement for May was way off since strong mixed xylene numbers made agreement more difficult to achieve. Polyester POY prices may inch up in US and Europe after remaining flat in former and declining in the latter. selling ideas and improved operating rates. an agreed monthly contract has not been fixed in Asia. Turnarounds for MEG plants in the US will continue from April into June.170 a ton FD NWE. YnFx Polyester Price Forecast ‐ June 2013 ISIEmergingMarketsPDF ro-kpmg6 from 62. 241. . DownloadPDF.217.217.204 at 2013-09-10 07:41:44 EDT.ISIEmergingMarketsPDF ro-kpmg6 from 62. Unauthorized Distribution Prohibited. Downloaded by ro-kpmg6 from 62. ISI Emerging Markets.241.204 on 2013-09-10 07:41:44 EDT.
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