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ASF market witnesses lackluster trading in Asia

YarnsandFibers News Bureau 2017-07-06 06:07:19 –

Taiwan origin 3D bright ASF tow offers were flat in the third week of June. Acrylic staple fibre prices were stable amid lackluster trading atmosphere across Asian markets. In China, downstream mills mostly reduced their procurement due to the downtrend in ASF market, waiting for the release of monthly settlement prices and the following actions of producers. However, due to low run rates, overall inventory pressure was moderate.

In India, domestic demand was lackluster while no exports were reported in May, which in turn pushed ASF market sentiment into insipidity.

In Pakistan, downstream mills mainly bought hand to mouth volume amid cautious mentality.

Courtesy: Weekly PriceWatch Report

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