In China, medium-length staple fiber and cotton-type staple prices rolled over in the second week of January. Offers for regular products were partially at US$1.56-1.60 a kg.
Jilin Chemical Fiber maintained its list prices for January with 1.5D and 3D medium-length at US$2.00 a kg, while tow was at US$2.09 a kg and top at US$2.24 a kg. Taiwan origin 3D bright ASF tow was flat at US$1.60-1.70 a kg.
Acrylic staple fibre offers remained stable although upstream, acrylonitrile prices declined further. Thus, pressure on margins eased greatly.
Downstream, yarn production was normal, and buying interest was passable. Overall, liquidity of staple fiber was fair in China and that of tow and top was stable, on the back of steady demand.
Transaction of flat fiber was mute, on the back of soft demand.
In India, mainstream producers rolled over offers, while buyers maintained hand-to-mouth procurement. ASF offers were down US cents 2 a kg due to weak INR.
Prices in Pakistan also rolled over although yarn prices changed little.
Courtesy: Weekly PriceWatch Report
