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Crude Oil During the first half of last fortnight, Crude oil prices went down due to rise in crude oil exports by oil cartel Organization of Petroleum Exporting Countries coupled with decrease in U.S.A equity indices. In the second half of last fortnight, Crude oil prices declined on the back of a rise in crude and gasoline inventories in the U.S.A market. The decrease in prices was also triggered by the approval given by the UN Security council to a plan for dismantling Syria's chemical weapons. Naphtha Naphtha price went down in the last fortnight mainly due to poor support from energy market. Naphtha market moved down gradually towards the end of the last fortnight in Asian market. During the second half, Naphtha prices declined due to bountiful supply of deep-sea cargoes and softer petrochemical demand as well as gasoline blending demand requirements that started to taper off. Naphtha prices opened with bearish sentiment in European market due to weak trading. In the last fortnight, PTA price gave mixed reaction in the market. In the beginning of the last fortnight, PTA went down in Asian market due to bearish in feedstock material coupled with weak upstream energy values and soft downstream demand. In the second half of the last fortnight, PTA market went through a dead lock situation and hence, price did not change much. PTA price was quite stable due to balanced market fundamentals.

Ethylene In the last fortnight, price of Ethylene was volatile in action due to dull of buying. In the beginning of the last fortnight, Ethylene prices increased in Asian markets due to tight product availability coupled with bullish buying trend. In the second half of the last fortnight, selling offers for Ethylene remained volatile. In Asian market, selling offers for Ethylene increased continuously due to sustained tight product availability in the region. Monoethylene Glycol

Paraxylene In the last fortnight, price of PX went down due to bearish market fundamentals. During the first half of the last fortnight, PX prices were sluggish in Asian market due to buying activity that was very dull because of approaching of mid-autumn festival holidays in China, Taiwan, and South Korea. In the second half, PX market opened with a firm sentiment. Prices surged up due to higher feedstock prices and bullish support from the downstream demand.

In the last fortnight, MEG selling offers opened with a mixed sentiment as it could not sustain at the higher level. In the beginning of the last fortnight, selling offers for MEG declined in Asian market due to plunge in feedstock prices and coupled with sluggish buying sentiment. In the second half, selling offers for MEG exhibited range bound sentiment. During the second half of the last fortnight MEG price were range bound in Asian market due to firm buying sentiment.

Purified Terephthalic Acid

(Sep 15 - 30, 2013)

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Polyester Filament Yarn 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. Polyester filament yarn market remained sluggish in tandem with weak feedstock market and unfavorable market fundamentals during the second half of this last fortnight. Polyester filament yarn market sentiments remained lackluster and trading activities remained insipid amid dull market outlook during the second half. PET Chips PET chips market presented a soft outlook and prices went down due to subdued demand from the downstream market in the Chinese domestic market during the first half. PET chips market continued to follow a downward trend and prices went down due to sluggish demand from the downstream market in the Chinese domestic market during the second half of this last fortnight. PET chip prices declined due to weak market fundamentals during the second half. Propylene In the last fortnight, selling offers for Propylene followed mixed sentiment. Selling offers for Propylene price followed mixed sentiment in Asian markets due to quiet buying interest in the region because of Mid-Autumn Festival holidays in China, Taiwan and South Korea. In the second half, selling offers for Propylene exhibited mixed trend. During the second half, selling offers for Propylene displayed volatile action in Asian market due to steady buying trend in the region. Acrylonitrile In the last fortnight, ACN market remained stable. During the entire last fortnight, there was no improvement in demand fundamentals but sellers were not ready to decline offer prices. In the second half, ACN price opened with stable sentiment. However, in second half of the last fortnight, offers were pegged at the lower level because unsold inventory piled up. In Asian market, selling offers for ACN surged marginally due to improved buying sentiments in the region. Polyester Staple Fibre Polyester staple fibre prices followed downward trend due to sluggish demand in the Chinese domestic market during the first half of last fortnight. Polyester staple fibre prices went down in tandem with weak feedstock market and weak market fundamentals during the first half. Polyester staple fibre prices continued to follow a downward trend due to subdued demand from the downstream market in the Chinese domestic market during the second half.

Acrylic Staple Fibre

(Sep 15 - 30, 2013)

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Acrylic staple fibre market recovered but prices remained unchanged due to moderate demand from the downstream buyers in the Chinese domestic market during the first half. Acrylic staple fibre market fluctuated in a narrow range and prices remained stable due to moderate demand from the downstream buyers in the Chinese domestic market during the second half. Acrylic staple fibre market was relatively stable and prices remained unchanged as downstream buyers showed moderate interest in buying. first half. In the second half of last fortnight, Benzene prices followed a downward trend due to sluggish buying sentiments in the region, coupled with the weak upstream values during the second half. The price drop was supported by weak Benzene prices in the U.S.A and Europe. Caprolactam CPL market showed modest appearance and prices went up slightly due to tight supply in the region during the first half of last fortnight. During the second half of last fortnight in Asia, CPL market continued to follow an upward trend due to tight product availability. CPL suppliers inched up offer prices during the second half. On the other side, downstream buyers were still cautious and showed no buying intentions during the second half.

Polypropylene In the last fortnight, selling offers for PP went up with a support of upstream and downstream markets. Overall, buying trend in Asian market was firm. In the beginning of the first half, PP prices surged in Asian market, in line with firm feedstock prices and energy market. In the beginning of the second half of the last fortnight, selling offers for PP stable due to firm energy market. In Asian market, selling offers for PP remained unchanged due to bearish buying sentiment.

Nylon Chips In the last fortnight, selling offers for Nylon chip prices improved due to optimistic market fundamentals. Higher feedstock price and pressure of low availability added the firm prices. In the second half of the last fortnight, sentiment in Nylon Chip market remained moderate as selling offers remained range bound in Asian markets. By the end of the second half, trading sentiment in Nylon chip market improved as global macroeconomic issues were relieved. Nylon Filament Yarn Nylon filament yarn market showed modest outlook and prices remained stable due to moderate demand from the downstream buyers in the Chinese domestic market during the first half. In the second half, Nylon filament yarn market showed soft appearance with approaching holidays and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market. Nylon filament yarn prices remained unchanged and downstream procurement remained thin during the second half.

Benzene In Asia, Benzene market presented soft appearance and prices declined due to sluggish demand from the downstream buyers coupled with the weak upstream energy value during the

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Viscose Filament Yarn Viscose filament yarn market consolidated and prices were relatively stable due to moderate demand from the downstream market in the Chinese domestic market. Viscose filament yarn market sentiments remained lackluster and trading activities were thin during the first half. Viscose filament yarn market remained lackluster and prices were relatively stable as downstream buyers showed limited buying intentions during the second half. Spandex Cotton Linters & Pulp Cotton linter market presented modest performance and prices remained stable due to moderate demand in the Chinese domestic market. Imported dissolving pulp market showed moderate appearance and prices remained stable due to moderate demand during the first half. Cotton linter market showed weak appearance and prices remained stable in the Chinese domestic market during the second half. Dissolving pulp market presented a modest outlook and prices were relatively stable due to moderate demand. Viscose Staple Fibre Viscose staple fibre market maintained a weak tone and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market. Viscose staple fibre market presented a soft appearance and prices remained stable due to subdued demand from the downstream market in the Chinese domestic market during the second half. Viscose staple fibre sales remained unfavorable as downstream demand failed to improve with market sentiments during the period. In the last fortnight, Spandex market remained under deadlock condition. In the beginning of the last fortnight, Spandex buyers started buying in small volume for inventory purpose but firm stance of sellers forced them to adopt stance of wait and watch. Buyers and sellers of Spandex were cautious about preventing their margins. In the second half of the last fortnight, Spandex prices remained flat despite of recovery in market fundamentals and improved market demand. Cotton International cotton market followed an upward trend initially and then weakened during Midautumn festival, finally prices being and then prices were relatively range-bound during the first half of this last fortnight. International cotton market remained range-bound amid moderate demand from the downstream sector during the second half. In China, cotton market remained flat amid sluggish market fundamentals during the second half. Wool Wool market followed a downward trend in Australia market during the first half of last fortnight. Wool market followed an upward trend in Australia market during the second half of last fortnight.

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(Sep 15 - 30, 2013)