Mixed Trends In Acrylic Prices
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Mixed Trends In Acrylic Prices
Mumbai, India | Thursday, 14th Jun. 2018  | By Textile Excellence
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Acrylonitrile

Acrylonitrile spot prices were under pressure in Asian market from heavy arrivals of imported cargoes, but downside was capped by scheduled plant turnarounds in the region. In China, Sinopec raised its May settlement price in north China while spot values at jumped sharply. The Far East CFR marker fell 1% over the two weeks to US$2,029-2,031 per metric ton. In Europe, acrylonitrile market players were looking ahead to June discussions, following the completion of May contract talks. Although, French rail strikes continued to cause delivery issues, they have eased somewhat this week, with more deliveries completed showing improvement in acrylonitrile supply. Spot prices were up US$20 in the last two weeks at US$1,928-1,932 per metric ton CIF Mediterranean while May contracts settled at US$1,976-2,035 per metric ton FD NWE.

 

ASF

ASF markets in Asia were firm with spot offers unchanged and actual deals concluded at much higher level. As production remained limited, the potential of uptrend persisted in future. Demand remained steady but with tight supply, some downstream yarn mills could not gain access to raw materials. Offers for medium-length fibre and cotton-type ASF remained flat at US$2.83-2.96 per kg. Prices of Taiwan origin goods were hiked in the third week and adjusted down in the fourth. 3D bright ASF tow rose US cents 5 in the last two weeks to US$2.60-2.65 per kg.

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