In China, medium-length staple fiber and cotton-type staple prices rolled over in the second week of September. PetroChina released September list prices for 1.5D ASF pegged at 12.45 Yuan a kg (US$1.86 a kg) and 3D tow at 13.60 Yuan a kg (US$2.03 a kg).
Acrylic staple fibre prices held stable that week across China, India and Pakistan. Demand for some specs were seen rising and overall sentiment warming up to some extent.
Although cost pressure increased in line with rising acrylonitrile cost in recent weeks, modest downstream demand resulted in the flat movement of ASF markets.
Acrylic yarn market sentiments were range bound amid stable raw material although terminal demand slightly picked up.
In India, ASF offers remained unchanged in INR terms, but down US cent 1 a kg due to weak INR.
In Pakistan, 1.2D ASF prices remained unchanged on the week.
Courtesy: Weekly PriceWatch Report
