In China, ASF prices fell with medium-length fibre and cotton-type down US cents 2 a kg in the first week of January.
Acrylic staple fibre prices declined in China while they were unchanged in India and Pakistan during the week. In China, ASF producers lowered their offers again that week to get rid of the inventory pressure, however they faced cost pressure from the rebounding feedstock market and as a result there are chances that they might raise offers in coming weeks.
Producers slightly ramped up units’ utilization rate to fulfil downstream demand, unwilling to output more. And feedstock rebounded against bigger-than-expected markdown in AF prices, which will possibly be corrected back in future.
Prices in India and Pakistan rolled over during the week.
Courtesy: Weekly PriceWatch Report
