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ASF market remains steady amid weak downstream demand

YarnsandFibers News Bureau 2016-02-25 07:26:30 –

In China, medium-length staple fiber prices rolled over in the second week of February at US$1.79-2.01 a kg while cotton-type staple was at US$1.80-2.01 a kg.

Jilin Chemical Fiber maintained its February list prices for 1.5D and 3D medium-length at US$2.00-2.01 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 prices rolled over at US$1.60-1.70 a kg while offers for regular products were partially at US$1.56-1.60 a kg.

Acrylic staple fibre markets saw prices stable in Asian markets amid modest discussion atmosphere, and producers delivering goods normally.

In China, acrylic yarn prices were briefly stable. Seeing modest terminal demand, the mills maintained poor run rates, while their buying interest for ASF was passable due to low prices.

In India, ASF trading remained mute given thin buying interest of downstream mills amid insipid yarn performance. ASF offers rolled over during the week.

In Pakistan, acrylic fiber prices were unchanged, and discussion remained thin and 1.2D ASF prices were unchanged from last week.

Courtesy: Weekly PriceWatch Report

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