In China, medium-length staple fiber and cotton-type staple prices rolled over in the last week of May.
Anqing Petrochemical and Qilu Petrochemical nominated 1.5D cotton-type fiber at US$1.90 a kg and US$1.84 a kg, respectively.
Strong uptrend in acrylonitrile prices has been asserting heavier pressure on acrylic staple fibre producers. However, due to weak sentiment in downstream and terminal markets, liquidity remained insipid.
In China, May settlement prices were released at flat levels to the list prices while sentiment generally changed marginally.
Supply outlook was uncertain and some producers were planning to cut production rate to cope with weakening margins resulting from rising ACN cost.
India, ASF offers were up US cent 1 a kg due to strong INR during the week.
In Pakistan, 1.2D ASF prices were stable on the week.
Courtesy: Weekly PriceWatch Report
