ASF price remains stable amid subdued buying

In China, medium-length staple fiber prices in the fourth week of March rolled over in Yuan terms but fell US cents 2 a kg due to weak currency while cotton-type staple was down on the week.

Acrylic staple fibre spot prices were stable during the week in Asian markets. Buying interest of downstream mills remained subdued, reflecting lackluster outlook of yarn and fabric, without any bullish factors.

In China, run rate dropped that week as Ningbo Zhongxin was on planned maintenance shutdown, tightening overall supply somewhat. Sinopec issued monthly settlement prices, in accordance with monthly average price, and fresh list prices were flat to mid March level. Some ASF producers tended to make supplementary price hikes later.

In India, ASF offers were down US cent 1 a kg due to weak INR.

In Pakistan, 1.2D ASF prices were stable during the week.

Courtesy: Weekly PriceWatch Report

Recent Posts

Nylon or polyamide markets move up amid modest demand

In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…

4 years ago

Polyester fiber, yarn prices firmer amid a rebound in PTA and MEG markets

In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.

4 years ago

Viscose or rayon markets continue to weaken in Asia

Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…

4 years ago

Acrylic fiber prices slip amid low acrylonitrile and propylene costs

Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…

4 years ago

Nylon or polyamide markets slump on lackluster sentiment

Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…

5 years ago

Polyester prices nosedive to multi-year lows across the world

In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…

5 years ago