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Bullish global sentiments drive ACN prices in June
12 Jun '14
1 min read
ACN prices increased worldwide in June due to firm energy market. Between June 1 & 12, selling offers for ACN in F E Asian market increased by US$ 35/ton when compared with the second fortnight of May and were assessed in the range of US$ 1915/ton to US$ 1920/ton.
In the same period, in S E Asian market, selling offers for ACN were quoted in the range of US$ 1895/ton and US$ 1900/ton.
Between June 1 & 12 selling offers for ACN in European market, increased by US$ 5/ton, when compared with the second fortnight of May, due to bullish buying sentiments and were quoted in the range of US$ 1800/ton to US$ 1805/ton.
In the period under review, selling offers for ACN in US market also surged by US$ 5/ton, when compared with the second fortnight of May, due to positive market fundamentals and were offered in the range of US$ 1850/ton to US$ 1855/ton.
Fibre2fashion News Desk - India
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