Polypro IndoPak Guar Market Report 9-19-16

In follow up to our last report, the crop areas planted in August (mainly western Rajasthan and adjoining areas in Pakistan) needs rain in the next 1-2 weeks (sooner the better). The forecast for dry weather has stimulated a bullish sentiment. Stockists and speculators are controlling the market and planning their moves base on weather developments. The extent of the second round of rainfall and international market response will probably be the major factors influencing the next price trend.  US frac demand remains subdued.