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ASF prices steady despite weak upstream prices

YarnsandFibers News Bureau 2016-03-17 12:19:30 –

In China, medium-length staple fiber prices rolled over in the first week of March while cotton-type staple was stable.

Jilin Chemical Fiber maintained its March list prices for 1.5D and 3D medium-length at US$2.00-2.01 a kg, while tow was at US$2.10 a kg and top at US$2.25 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 at US$1.56-1.60 a kg.

Acrylic staple fibre prices continued to remain range bound that week despite upstream, acrylonitrile prices were weak, lending limited support.

Downstream mills only replenished volumes from hand to mouth volume due to poor order-intake and some pre-holiday restocking. No massive restocking was reported on the week.

In China, Sinopec and PetroChina issued February settlement prices flat on the month. Offers from mainstream producers changed little, as demand for flat fiber was subdued.

In India, ASF offers were up US cents 4 a kg due to strong INR.

Prices in Pakistan generally rolled over amid insipid yarn markets.

Courtesy: Weekly PriceWatch Report

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