Acrylic fibre prices declines after weeks of stability

News Tags: Acrylic fiber price, acylonitrile prices in asia, acylonitrile prices in Europe, acylonitrile prices in USA, ASF price

Mumbai
Summary: 
Poor demand and lack of cost support had its toll on the acrylic staple fibre markets in Asia. Last week buyers largely held sideline stance expecting further fall in the settlements. Discussions were largely in tandem with the downslide in settlement prices. However, liquidity was still moderate and producers continued to deliver goods running at low operating rates. With sentiment hard to rebound in absence of bullish signs, ASF prices are likely to remain range bound at low levels.

Poor demand and lack of cost support had its toll on the acrylic staple fibre markets in Asia. Last week buyers largely held sideline stance expecting further fall in the settlements. Discussions were largely in tandem with the downslide in settlement prices. However, liquidity was still moderate and producers continued to deliver goods running at low operating rates. With sentiment hard to rebound in absence of bullish signs, ASF prices are likely to remain range bound at low levels.

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