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ASF price edges down in China

YarnsandFibers News Bureau 2017-12-28 06:51:56 –

In China, ASF prices fell with medium-length fibre and cotton-type down US cents 14 a kg in the second week of December. Taiwan origin 3D bright ASF tow offers were down US cents 13 a kg on the week.

ASF offers in China declined that week after six weeks of stability as there was limited support from the upstream ACN market during the week.

Downstream yarn mills held bearish expectation toward ASF market, and made more measured procurement on the limited terminal demand recently. Producers operated at reduced run rate in order to maintain normal inventory.

Prices in India and Pakistan generally rolled over during the week.

Courtesy: Weekly PriceWatch Report

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