In India, ASF offers were at US$1.84-1.87 a kg during the week.
In Pakistan, 1.2D ASF prices were down PakRs5 a kg (down US cents 5) on the week.
Prices in India rolled over previous week’s values while those in Pakistan were down due to weak demand amid depreciating currency in the third week of February.
In China, medium-length staple fiber prices remained unchanged at US$1.79-2.02 a kg in the third week of February while cotton-type staple was at US$1.80-2.02 a kg.
Jilin Chemical Fiber maintained its February list prices for 1.5D and 3D medium-length at US$2.00-2.01 a kg, while tow was at US$2.10 a kg and top at US$2.26 a kg.
Taiwan origin 3D bright ASF tow prices rolled over at US$1.60-1.70 a kg while offers for regular products were partially at US$1.56-1.60 a kg.
Acrylic staple fibre prices were stable in Asia that week, excepting a decline in Pakistan. In China, ASF offers were maintained stable while upstream acrylonitrile offers were down at low levels.
Downstream demand was lackluster, but low ASF prices and gradual recovery in terminal sectors led to higher run rates. Overall, liquidity of was fair, and that of tow and top was stable.
Downstream yarn prices changed marginally as demand was recovering slowly after the holidays.
Courtesy: Weekly PriceWatch Report
