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Inventory increases with Chinese acrylic manufacturers
07
May '13
Acrylic manufacturers in China are facing stock pressure as their inventory increased in the month of April, mainly due to lack of orders from downstream sector.
 
At present, the price of acrylic 1.5D staple is in the range of 18,200-18,400 yuan/ton. 
 
In comparison to lower price of acrylonitrile, acrylic manufacturers are still able to make profits. So, acrylic manufacturers plan to limit their production in order to reduce the increasing pressure of inventory as well as to maintain stable price.
 
Market analysts do not expect a rise in demand in the Chinese acrylic market in the short-term.
 

Fibre2fashion News Desk - India

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