In China, ASF prices inched up in the first week of August, with medium-length fibre and cotton-type staple up US cent 1 a kg on the week. Acrylic staple fibre prices were largely stable across markets in Asia with limited signs for upward movement due to weak raw material cost.
Although demand recovered moderately, it will still take some time for the market to completely be buoyed, as the upward momentum from demand side was still inadequate.
In China, medium-length fibre and cotton-type staple ASF prices declined US cents 8-13 a kg in the last week of June. Acrylic staple fibre prices declined in China while they were steady in India and Pakistan that week. In China, prices dropped following lower settlement prices from major supplier early in the week.
Later prices generally stabilized, but buyers held cautious sentiment. Thus, replenishing activities were limited with buyers less confident about market outlook. Mills may begin to replenish small volumes, with the direction clear for the moment.
Taiwan origin 3D bright ASF tow offers were flat in the third week of June. Acrylic staple fibre prices were stable amid lackluster trading atmosphere across Asian markets. In China, downstream mills mostly reduced their procurement due to the downtrend in ASF market, waiting for the release of monthly settlement prices and the following actions of producers. However, due to low run rates, overall inventory pressure was moderate.
In India, domestic demand was lackluster while no exports were reported in May, which in turn pushed ASF market sentiment into insipidity.
In China, medium-length fibre and cotton-type ASF prices declined US cents 6 a kg at the lower end of the price range in the second week of June. Sinopec Chemicals cut its June list prices for ASF by US cents 3-12 a kg.
Acrylic staple fibre prices were seen declining in China that week, after one major cut indications, amid quiet atmosphere. ASF producers still had faced meager margins, while feedstock ACN prices also remained weak but did not ease cost pressure on ASF market. Downstream mills mainly replenished volumes on need‐ basis, providing thin demand support to ASF market.
Taiwan origin 3D bright ASF tow offers rolled over in the first week of June, since it was last revised upward in late April. In China, medium-length fiber and cotton-type staple ASF prices rolled over on the week in Yuan terms but up US cents 2 due to weak US$.
Acrylic staple fiber prices were stable amid limited activities in Asian markets that week. Downstream demand saw no improvement, as yarn makers faced high inventory pressure amid slow liquidity.
In China, medium-length fiber and cotton-type staple ASF prices remained range-bound in the last week of May. Acrylic staple fiber markets in Asia saw prices generally move sideways in China, Pakistan and India. In China, exports were becoming favorable while producers saw slow sales in a stagnant domestic market.
Reportedly, many cotton spinning mills switched their products, while woolen yarn makers were confronted with heavy inventory pressure. Thus, some downstream mills will start idling their machines or suspend production.
In China, medium-length fiber and cotton-type staple ASF prices sobered US cent 0.50 a kg in the fourth week of May.
Acrylic staple fibre prices generally rolled over or lowered a bit that week. In China, ASF producers maintained stable numbers for settlement prices, but given poor sales amid faltering demand, inventory piled up. Thus, producers mostly reduced run rates for the moment.
Offers for cotton‐type, medium‐length staple fiber, tow and top were pegged a bit lower than last week. Due to still poor order intakes, demand from spinners remained muted amid high inventory.
Acrylic staple fiber prices in the third week of May were stable amid still limited trading activities in China and India, as the off season still hovered. Participants were generally in dismal mood thus market could hardly improve in the short run. On the other hand, following the soft ACN values, ASF producers enjoyed some margins. Demand was poor amid due to low fresh order intakes.
Acrylic staple fibre prices remained unchanged in the second week of May amid quiet trading sentiment. With end-use demand weakening, yarn makers faced poor fresh order-intake and showed mute buying interest for acrylic fibers. However, overall inventory level was relatively under control on back of some maintenance shutdowns in China and some majors’ export orders. Jilin Chemical Fiber kept its list prices for May unchanged on the week.
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.
