Propylene prices fell for the fifth consecutive week in Asian markets losing almost US$75 over the period. The buy-sell gap widened as buying indications were lower than selling ideas at over US$1,000 a ton. In US, spot chemical grade propylene price dropped to a 6-year low as inventories approached 40-month high. Supply snags continued to pressure European propylene prices as unusual number of outages tightened supply. Asian propylene markers were down US$25-34 a ton FOB Korea week on week.
Acrylic fibre prices declines after weeks of stability
Related Keywords: Acrylic fiber price, acylonitrile prices in asia, acylonitrile prices in Europe, acylonitrile prices in USA, ASF price
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.
