In China, medium-length staple fiber and cotton-type staple prices were flat in the first week of October. PetroChina issued October list prices at a roll over with 1.5D ASF at US$1.87 a kg and 3D tow at US$2.04 a kg.
Acrylic staple fibre prices were stable in Asian markets although cost pressure was heavy due to previous week’s surge in acrylonitrile cost, while liquidity at producers improved on more demand amid upcoming busy season. Some producers tended to underpin prices, while most chose to wait and see.
ASF prices in India and Pakistan also rolled over on cost support.
In Europe, some ASF producers were reportedly reducing operating rates by 10-15% because of disconnect between ASF and acrylonitrile spot prices.
Courtesy: Weekly PriceWatch Report
