Acrylic fibre prices declines after weeks of stability

Poor demand and lack of cost support had its toll on the acrylic staple fibre markets in Asia. Last week buyers largely held sideline stance expecting further fall in the settlements. Discussions were largely in tandem with the downslide in settlement prices. However, liquidity was still moderate and producers continued to deliver goods running at low operating rates. With sentiment hard to rebound in absence of bullish signs, ASF prices are likely to remain range bound at low levels. Offers for regular of Taiwan origin ASF were down US cents 3 on the week at US$2.25-2.30 a kg, with bids even lower at US$2.20 a kg. In China, offers for 1.5D and 3D staple were at US$2.71-2.77 a kg and US$2.65-2.69 a kg respectively, both down US cents 10-14 week on week. Upstream, acrylonitrile prices fell for the fourth consecutive week, retreating both in Far East Asia and Southeast Asia, while CFR South Asia remained flat. Asian markers fell US$10 on the week with CFR Far East Asia assessed at US$1,824-1,826 a ton and CFR Southeast Asia marker assessed at US$1,819-1,821 a ton. In US, acrylonitrile spot assessment dropped US$5 week on week to US$1,660-1,680 a ton FOB USG on continuing weak export demand. European acrylonitrile shrugged off bullish expectations for December propylene contract prices, slipping US$20 to close the week at US$1,750-1,755 a ton CIF Mediterranean. SOURCE: PriceWatch Report

Recent Posts

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

3 hours ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

3 hours ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

4 hours ago

GTT and Golden Long John pioneer sustainable textile processes

Green Theme Technologies (GTT), has partnered with Golden Long John to advance environmentally conscious fabric dyeing and finishing processes.

1 day ago

KOLAB Collection launches NFC-tagged clothing line

KOLAB Collection, a leader in sustainable fashion, has revolutionized the industry by launching NFC-tagged clothing line as part of its…

1 day ago

Advance Denim, Lenzing, and Asahi Kasei launch sustainable stretch denim

Advance Denim, Lenzing’s, and Asahi Kasei have teamed up to launch the LoopTy Collection, a series that combines functionality, style,…

1 day ago