June 2009 turned out to be a better month for spun yarn export since October 2008. During the month, exports declined by only 18% in terms of value 8% in terms of volume in comparison with the numbers in the corresponding month a year ago. It was also a substantial improvement over May numbers. About 47 million kgs of spun yarn was exported valued at US$128 million during June 2009 as against 51 million kgs and US$155 million last year. The overall unit price realization averaged US$2.70 /kg as against US$3.03/kg last year, implying an 11% fall. The Indian Re has depreciated by 10% during the 12-month period.

Nevertheless, the most positive aspect in June is the sharp revival of viscose yarn market and smaller decline in cotton yarn exports. During June, viscose yarn export increased 47% to US$9 million – a 12-month high. Volumes too increased 37% to 2.96 million kgs – a 14-month high. Unit value realization crossed the US$3/kg mark, only after the level seen last in December 2009. Brazil and Morocco were the major reviving markets for viscose yarn in June.

About Bangladesh
Bangladesh officially known as the People's Republic of Bangladesh is a country in South Asia. It is bordered by India on all sides except for a small border with Burma (Myanmar) to the far southeast and by the Bay of Bengal to the south. Bangladesh is the seventh most populous country in the world and is among the most densely populated countries in the world with a high poverty rate. The country is listed among the "Next Eleven" economies. The population of Turkey stood at 162 million based on the 2009 estimates. It has an average population density of 1,099 persons per km². The population is relatively young, with the 0–25 age group comprising 60%, while 3% are 65 or older.

Bangladesh remains a developing nation despite its continuous domestic and international efforts to improve economic and demographic prospects. Its per capita income was US$1400 (in 2006 adjusted by purchasing power parity) compared to the world average of US$10,200.Jute was once the economic engine of the country. Its share of the world export market peaked in the Second World War and the late 1940s at 80% and even in the early 1970s accounted for 70% of its export earnings. However, polypropylene products began to substitute for jute products worldwide and the jute industry started to decline.

Crude prices surge
Crude oil prices surged 18-20% in June 09 compared to May numbers. While the Europe Brent was up 20% at US$69.24 per barrel, WTI spot increased 18% averaging US$69.83 per barrel. In Asian market, crude oil was dearer by 19.7% at US$68.78 per barrel. Derivative naphtha prices averaged US$597 per ton. Compared to previous year ago, naphtha prices were lower by 49%.

Polyester Chain
Polyester chain showed mixed trend in June 09. Ethylene and MEG prices increased 19% and 6% respectively on short supplies. Their respective averages were US$841 per ton FOB Korea and US$580 per ton. The other feedstock stream paraxylene and PTA witnessed decline. Paraxylene was cheaper by 9.5% at US$995 per ton FOB Korea and while PTA at US$824 per ton FOB Korea was down 5%. Downstream polyester industry has been at disadvantage at the rise in raw material cost due to low demand from spinning industry.