In China, ASF prices inched up in the first week of August, with medium-length fibre and cotton-type staple up US cent 1 a kg on the week. Acrylic staple fibre prices were largely stable across markets in Asia with limited signs for upward movement due to weak raw material cost.
Although demand recovered moderately, it will still take some time for the market to completely be buoyed, as the upward momentum from demand side was still inadequate.
Hebei AiKerui Fiber, the subsidiary of Jilin Chemical Fiber, will shut down its AF unit for maintenance in mid-August for about 15 days, due to production adjustment.
In India, acrylic staple fibre prices were unchanged on the week in INR terms, however, prices were up in US$ terms due to strong Indian currency. ASF offers were up US cents 2 a kg due to weak US$ during the week.
In Pakistan, prices generally rolled over during the week.
Courtesy: Weekly PriceWatch Report
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