Taiwan origin 3D bright ASF tow offers inched up US cents 5 a kg in the last week of April. In China, medium-length fiber and cotton-type staple ASF prices were up US cents 3-7 a kg on the week.
Acrylic staple fibre prices held stable as downstream cotton and wool spinning mills saw poor order intakes, while upstream acrylonitrile prices softened, thus dampening market confidence. Prices in China were up while they rolled over in India and Pakistan. Markets were primarily dominated by pessimistic outlook, with traders getting more aggressive although suppliers stuck to their offers, with support absent.
In China, ASF producers raised May list prices. However, facing lackluster demand, rising inventory and weakening cost, they will try to maintain the price levels then. ASF producers are still expected to keep stable prices but markets are likely to soften further in May.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…