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Surge in propylene continues, ACN trends stable
14
Oct '10
In Asian market, Propylene price increased further by US $10 / ton and touched the level of $1175 / ton, while in European market it remained stable at €910 / ton. Propylene price also increased again in the Japanese and Korean markets to touch $1185 / ton and $1165 / ton, respectively.

In Chinese market, Acrylic Staple Fibre price remained stable at RMB 21200 / ton. Buyers adopted firm stance of wait and watch as within the past one week, prices have increased by RMB 200 / ton, as buyers were uncertain about future demand.

ACN remained stable in the Far-East Asian market in the range of $1995-2000 / ton while in South-East Asia, it was assessed around $2015-2020 / ton. In Chinese market, ACN price was quoted around RMB 17600-17700 / ton. Buying intention was moderate in spot and imported goods.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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