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Indian ASF producers revise down prices while markets in China remain stable

YarnsandFibers News Bureau 2016-11-17 04:19:44 –

Offers for Taiwan origin 3D bright ASF tow rolled over in the first week of November while regular specs remain unchanged on the week. In China, medium-length staple fiber and cotton-type staple prices were up US cent 1 a kg on the week.

Acrylic staple fibre prices were generally stable in Asian markets excepting India, where producers prices were revised down. In China, production run rate picked up somewhat, leading to more supplies, while end demand remained modest. Export market transaction was impacted somewhat by higher prompt exchange rate.

Downstream demand was sound, without signs of weakening. Market fundamentals remained in balance, citing favorable downstream demand. Since ACN values although fell but were still firm and downstream yarn performance is fair.

In India, producers’ offer were down US cents 8 a kg during the week.

In Pakistan, 1.2D ASF prices rolled over during the week.

Courtesy: Weekly PriceWatch Report

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