In China, ASF prices rolled over in the last week of November. Acrylic staple fibre prices generally rolled over as market transaction remained stable. Currently, inventory level was low and supply in China may tighten somewhat given the maintenance plan of Shanghai Petrochemical next week. Downstream demand was still sound, so ASF market was still active.
Although run rate was seen at a high level, market fundamentals were still balanced with the help of favorable demand. Upstream ACN values were slightly firm.
In India and Pakistan, ASF prices rolled over on the back of cautious sentiment among producers.
Courtesy: Weekly PriceWatch Report
