[email protected], +91 93745 24 365

The Single Platform For Polymer's News & Business..

▶Weekly Report & Future Trend: PET - Week 3rd July 2019.

🔹 Crude Oil Scenario: On Friday, Brent crude closed higher by 0.30% at $ 66.72/bbl , while WTI Closed higher by 0.02% at $ 60.21/bbl. Oil prices held at a seven-week high on Thursday as storm worries in the Gulf of Mexico and heightened tensions in the Middle East.  OPEC forecast global oil demand to rise by 1.14 million barrels per day (bpd) next year, matching the projection for 2019. U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output ahead of what could be one of the first major storms of the Atlantic hurricane season.

🔷 China Bazaar :The US may have to look for alternative destinations to China while China is planning to bring more PP and PE capacities online by the end of this year, which may eventually cut the buying appetite for imports. Pl. note last week ,USA pause trade war with talks 'back on track' During G 20  meeting , U.S. President Donald Trump & Chinese President Xi Jinping agreed to proceed with negotiations after a series of escalations to their nations’ trade war threatened to disrupt the world economy. Both leaders agreed to hold off on new tariffs.

🔷 PET Spot Bazaar offers( RMB/MT)

✅Monday Opening ( 8/7/19 ) : 8255
✅Friday Closing ( 12/7/19 ) :8025
✅Week On Week Difference : Down 2.13% 

🔷 Indian Bazaar scenario:
 International offers for CIF NS is assessed increased from previous levels.Supported by local demand & other price deciding factors ,we forecast to see further rise of Rs.2-3/kg by next week. Current scenario draws an attention to step up for procurement at current level.
👉 Click Here to Download PDF Report with historical Data :https://tinyurl.com/PETWEEK3RDJULY2019
▶Weekly Report & Future Trend: PET - Week 2nd July 2019.

🔹 Crude Oil Scenario:
On Friday, Brent Crude oil closed higher by 1.47% at $ 64.23/bbl while WTI closed higher by 0.30% at $ 57.51/bbl. U.S. inventories fell less than expected as U.S. refineries last week consumed less crude than the week before and processed 2% less oil than a year ago. Output will stay limited as the OPEC+, agreed on Tuesday to extend oil production cuts until March 2020.

🔷 China Bazaar : The USA pause trade war with talks 'back on track' During G 20  meeting , U.S. President Donald Trump & Chinese President Xi Jinping agreed to proceed with negotiations after a series of escalations to their nations’ trade war threatened to disrupt the world economy. Both leaders agreed to hold off on new tariffs.

Buying pulse is improved with an announcement came after  much awaited G 20 meet.USA won't lift existing import tariffs, but will refrain from slapping new levies on Chinese goods. Crude started gearing up on account of improved tensions between US &  Iran .Equations are made that if dispute escalates further -supplies of Crude, Downstream  & Polymers will be largely impacted .International offers of polymers at China has witnessed upward trend & same is revealing at DCE for spot & future deals.


🔷 PET Spot Bazaar offers( RMB/MT)
✅Monday Opening ( 1/7/19 ) : 8037
✅Friday Closing ( 5/7/19 ) :8200
✅Week On Week Difference : Up 2.02% 

🔷 Indian Bazaar scenario:
Buying mood is improved a lot in comparison with last Month.Supported with international offers for CIF NS,domestic bazaar confirms uptrend.Processors are willing to stock & build an inventories at attractive price.Considering current factors & tone-Buying is advisable.

👉 Click Here to Download PDF Report with historical Data :  https://tinyurl.com/PETWK2NDJULY19
▶Weekly Report & Future Trend: PET - Last Week June 2019.

🔹 Crude Oil Scenario:
Crude oil futures were down 0.61% at Rs 4,090 per barrel on June 28 after US Special Representative for Iran Brian Hook said that the US will slap sanctions on countries that import oil from Iran.West Texas Intermediate crude fall 0.32 % to $59.11 per barrel, while Brent crude, the international benchmark, was up 0.14 per cent to $66.64 per barrel.

🔷 China Bazaar :
🔷 PET Spot Bazaar offers( RMB/MT)
✅Monday Opening ( 24/6/19 ) : 7600
✅Friday Closing ( 28/6/19 ) :7800
✅Week On Week Difference : Up 2.63% 

🔷 Indian Bazaar scenario:
For July end-Early August shipments -International offers for CIF Nhava Sheva assessed with an increment. For Overseas Polymer producers & Specially from US & China , India is one of the bigger bazaar to be considered to retain their export share. In order to safe guard domestic producers against expected dumping of polymers on account of ongoing trade war between USA & China. 
In order to counter huge imports & safe guard domestic producers , Indian govt. is under process of evaluating import duty structure. There are chances that Govt. may offer rise in custom duty to be levied on Polymers in next budget to be announced in the month of July 2019.Looking to current scenario ,it seems that  Indian producers may offer price rise in days ahead.At this levels polymer buying is advisable.

👉 Click Here to Download PDF Report with historical Data :
▶Weekly Report & Future Trend: PET - Week 4th June 2019.

🔹 Crude Oil Scenario:
On Friday Oil prices hit a three-week high on, Brent crude oil closed higher by 1.16% at $ 65.20/bbl while WTI closed higher by 0.63% at 57.43/bbl. WTI oil was on track for a weekly gains of nearly 10%, while Brent was up 5.3% from a week ago.Donald Trump had authorized military strikes against Iran in response to the strike against a U.S. surveillance drone late Thursday. OPEC members have postponed their scheduled review of the existing agreement on output restraint by a week to July 1.

🔷 China Bazaar :Local bazaar is accounted for poor demand in line with ongoing continuous price fall.Many plants are under shutdown or planned maintenance without leaving any impression of supply restrictions.

Buying sentiments of industry are most uncertain with the prolonged trade war between US & China ,on account of trade tariffs still unresolved.Since high import duty structure of 25 % on US polymers are not viable hence Cargoes are being redirected to other bazaars -creating pressure on S.E Asian suppliers. Non stop reversal in prices are resulted in ' wait & watch' approach from converters & they are willing to book minimum inventory levels at this stage.

🔷 PET Spot Bazaar offers( RMB/MT)
✅Monday Opening ( 17/6/19 ) : 7312
✅Friday Closing ( 21/6/19 ) :7587
✅Week On Week Difference : Up 3.76% 

🔷 Indian Bazaar scenario:
Offers for PET bottle grades are witnessing major downfall & domestic bazaar is still under pressure of price war.Local players are offering price reductions almost every week in addition to healthy offtake based discounts.Processors are concluding deals with need base requirements only ,with a clear state of mind to minimize inventories. Buyers shall adopt ' Wait & Watch' until prices settles at certain levels.

👉 Click Here to Download PDF Report with historical Data : https://tinyurl.com/PETWK4THJUNE2019
▶ Future Bazaar Trend: PET - Week 3rd June 2019.
🔹 Crude Oil Scenario:
On Friday, Brent Crude oil prices closed higher at 1.14% at $ 62.01/bbl while WTI closed 0.44% at 52.51/bbl. Prices were rose after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions. U.S. sanctions on Iran and Venezuela, an output cut pact by OPEC plus its allies, fighting in Libya and attacks on tankers in the Gulf of Oman added only limited uncertainty to supply.

🔷 China Bazaar : PET prices remained under pressure & witnessing continuous downfall.Lackluster demand has forced producers to keep pulling price down along with handsome discounts. Strong appreciation of USD against Chinese yuan has also left major impact on demand for import cargoes.On account of prolonged trade war between China & the USA- converters are exercising safe practice of procurement by keeping inventories at low level. 

🔷 PET Spot Bazaar offers( RMB/MT)
✅Monday Opening ( 10/6/19 ) : 7325
✅Friday Closing ( 14/6/19 ) :7225
✅Week On Week Difference : Down 1.37% 

🔷 Indian Bazaar scenario:
This week , Indian companies reduced rate again by Rs3/kg .Arrival of monsoon brings sluggish demand in beverages & drink industry which directly affects demand of  PET.Persistent falling price at global bazaar & ample availability of polymers has forced local producers to keep slashing prices. Processors are not willing to carry additional inventories & searching for more lucrative offers. Considering current scenario , Need base buying is advisable.

👉 Click Here to Download PDF Report with historical Data : https://tinyurl.com/PETWK3RDJUNE19



▶ Future Bazaar Trend: PET -   Week 2nd June 2019.

🔹 Crude Oil Scenario:
On Friday, Brent crude oil closed higher by 2.65% at $ 63.29/bbl while WTI closed higher by 2.66% at $ 53.99/bbl. The Energy Information Administration on Wednesday reported that U.S. crude supplies rose by 6.8 million barrels for the week ended May 31. Saudi Energy Minister Khalid al-Falih has called recent volatility “unwarranted” and has said he expects OPEC to help to stabilize prices beyond the end of the global output pact at the start of July.

🔷In a major move , USA hits Iran with fresh sanctions in order to target petrochemicals sector

🔷 China Bazaar :
🔷 PET Spot Bazaar offers( RMB/MT)
✅Monday Opening ( 3/6/19 ) : 7437
✅Friday Closing ( 7/6/19 ) :7237
✅Week On Week Difference : Down 2.69% 

🔷 Indian Bazaar scenario:
The International Bazaar assessed stable to soft with continuous downfall . Latest international offers for CIF NS & Price governing factors directs towards another price cut in days ahead . “ Need base buying “ is suggested .

👉 Click Here to Download PDF Report with historical Data :

▶ Future Bazaar Trend: PET -   Week 1st June 2019.
🔹 Crude Oil Scenario:
On Friday,Brent Crude oil closed lower at 3.56% at $ 64.49/bbl while WTI closed lower 5.46% at $ 53.50/bbl. The US Energy Information Administration (EIA) said crude stocks fell by around 300,000 barrels last week, to 476.49 million barrels.US President Donald Trump vowed on Thursday to slap tariffs on all goods from Mexico unless it stops illegal immigration, firing up fears over economic growth and appetite for oil.

🔷 China Bazaar :In major news: 
China & USA ongoing trade war is unlikely to end soon.
Both countries have been engaged in a trade war amid Trump’s call for fair trading practices that don’t take advantage of the U.S. economy.
The deadlock over trade between the China and USA is unlikely to end during next month's G20 summit which is going to be held at Japan, with a former Chinese central bank chief blaming President Trump for the lack of breakthrough.
Earlier this month, USA  raised tariffs on $200 billion in Chinese imports from 10 % to  25%. In retaliation, China increased tariffs on thousands of American products worth about $60 billion. A 25 %  tariff was levied on a few thousand other products, including soy oil, peanut oil, petrochemicals, frozen minerals and others.

🔷 PET Spot Bazaar offers( RMB/MT)
✅Monday Opening ( 27/5/19 ) : 7350
✅Friday Closing ( 31/5/19 ) :7437
✅Week On Week Difference : Up 1.19% 

🔷 Indian Bazaar scenario:
Consistent dull buying interest and major reduction in international offers at CIF NS for June ‘19 - has forced domestic producers to cut PET price marginally by Rs.6/kg
How ever all offtake from 22nd May ‘19 till recent revision was safe under offered Price Protection.
Taking all factors in price deciding equation ,current statistic guide to adopt “wait and watch “ policy

👉 Click Here to Download PDF Report with historical Data :  https://tinyurl.com/PETWK1stJUNE19
Future Bazaar Trend: PET -  Last Week May 2019.


🔹 Crude Oil Scenario:

On Friday Brent Crude oil closed higher by 1.37% at $ 68.69/bbl, while WTI closed higher by 1.24% at $ 58.69/bbl. Oil coursed downward with other global markets as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world’s two largest economies. Iran is exporting considerably less oil as a result of the U.S. sanctions, oil shipments from Russia are still being disrupted because of quality problems, and OPEC is keeping supply tight.


🔷 China Bazaar Scenario: Week on Week basis:RMB./Mt.
🔷 PET Spot Bazaar offers( RMB/MT)
✅Monday Opening ( 20/5/19 ) : 7800
✅Friday Closing ( 24/5/19 ) :7350
✅Week On Week Difference : Down 5.77%

🔷Indian Bazaar scenario:

The buying sentiments are much silent meeting Need base approach from buyers. Indian mfgrs. has reduced PET price last week & still another price cut is on the way. Buyers are advised to practice cautious step before committing additional procurement. Current global scenario & price affecting factors guides towards another round of price reduction.  It seems that Indian companies may come with further price cut of approx. Rs.2 - 3/kg in days ahead. Keeping all factors in calculation , Need base buying is advisable.

Click Here to Download PDF Report with historical Data : tinyurl.com/PETLASTWKMAY19  

▶ Future Bazaar Trend: PET,  Week 4th May 2019.
🔹 Crude Oil Scenario:
On Friday, Brent Crude oil closed lower by 0.56% at $ 72.21/bbl while WTI closed lower by 0.17% at $ 62.76/bbl  due to demand fears amid a standoff in Sino-U.S. trade talks, but both benchmarks ended the week higher on rising concerns over supply disruptions in Middle East shipments due to U.S.-Iran political tensions.U.S. energy firms this week reduced the number of oil rigs operating for the second week in a row.

China Bazaar Scenario: Week on Week basis:RMB./Mt.
🔷 PET Spot Bazaar offers( RMB/MT)
✅Monday Opening ( 13/5/19): 8100
✅Friday Closing ( 17/5/19):7900
✅Week On Week Difference : Down 2.47%

Indian Bazaar scenario:

Though its summer & considered as peak season for packaging & beverage industry, the domestic buying pulse is below average after recent downfall of Rs.3/kg wef 16th May '19 .Current global scenario & price affecting factors guides towards another round of price reduction. It seems that Indian companies may come with further price cut of approx. Rs.2 - 3/kg in days ahead. Keeping all factors in calculation , Need base buying is advisable.


Click Here to Download PDF Report with historical Data : https://tinyurl.com/PETWK4THMAY19