In China, ASF prices rolled over but went down US$1 a kg due to weak currency in the fourth week of November. Acrylic staple fibre prices were generally stable during the week, despite some hikes in settlement prices.
Upstream acrylonitrile cost weakened, leading to relieved cost pressure. In China, ASF producers enjoyed better profit margins, amid sound liquidity. Downstream demand was sound, so ASF market was still active. Demand is expected to keep steady next week.
In Pakistan, ASF prices remained unchanged as market fundamentals were still balanced.
In India, prices rolled over with the help of favorable demand. However, cost pressure relieved with ACN values on the mild downswing. ASF producers are expected to maintain stable numbers going ahead.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…