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July settlement prices of ASF drop sharply
03
Aug '10
In the last seven days, settlement price of mainstream acrylic staple fiber plants in the Chinese domestic market dropped sharply at the end of July. The market showed sign of adjusting status and transaction atmosphere was light.

Most downstream manufacturers of acrylic yarn are adopting a wait and watch stance and are not in a hurry to transact new deals, as acrylic market is still under correction mode, with sales still to take off.

Mainstream price of 1.5D cotton staple fiber is 21,000-21,500 Yuan / ton, mainstream price of 3D acrylic fiber tow is 21,150-21,600 Yuan / ton and formal top price is around 21,800-22,500 Yuan / ton.

At present, 3D bright fiber tow from Tong-Hwa Synthetic Fiber Company is quoting at US $2750 / ton, 3D fiber tow from Thai Acrylic Fiber is quoted at $2,780 / ton and Indian tops are assessed at 22,300 Yuan / ton and 1.5D bright fiber tow from Thai Acrylic Fiber is $2,780 / ton.

Thai Acrylic Fiber is offering anti-pilling tow at $2980 / ton and Tong-Hwa Synthetic Fiber Company is quoting at $2850 / ton. Offers of acrylic flat staple fiber declined to $3000-3200/ ton. Acrylic market is expected to undergo a weak correction in the short term.

Fibre2fashion News Desk - China

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