In the last week of September, acrylic staple fibre markets witnessed slow liquidity amid limited negotiations in a thick holiday atmosphere.
In China, run rate stayed at close to 100 per cent while downstream mills purchased need-based volume, leading to tolerable inventory level.
Downstream mills reportedly reduced their offers in line with the sharp decline of raw material cost, while the downside range differed between the converters.
Demand for differentiated fiber remained subdued.
Offers for cotton-type staple fiber and medium-length staple were stable.
Taiwan origin 3D bright tow offer rolled over at US$1.90-2.12 a kg. Jilin Chemical Fiber’s list prices for 1.5D was at US$2.46 a kg, 3D medium-length at US$2.45 a kg, tow at US$2.53 a kg and top at US$2.67 a kg.
In Pakistan, 1.2D ASF prices remained unchanged.
In India, ASF offers were up US cents 2 a kg due to stronger INR.
Courtesy: Weekly PriceWatch Report
