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Weekly Report | Time: Jan 6 2020 10:04AM
Acrylic fiber market weekly (Dec 30, 2019-Jan 3, 2020)
 
Text size
Price
Spot Description 30-Dec 3-Jan Weekly average Forecast
Domestic Market (yuan/mt) ASF 1.5D 13600-14200 13600-14200 14,000
ASF 3D 13450-14200 13450-14200 13,955
Acrylic tow 3D 13600-14300 13600-14300 14,100
Acrylic top 3D 14800-15300 14800-15300 15,150
Import Market ($/mt) Ordinary Fibers 1,750 1,750 1,750
Differential Fibers 3,100 3,100 3,100


Market Roundup


China acrylic fiber market was in consolidation, and offers of plants were stable. Nevertheless, the cost pressure was large, and partial operating rate was not high. As of Friday, weekly average run rate of acrylic fiber plants slightly declined to 62%.

Import acrylic fiber market was modestly adjusted. Impacted by the Spring Festival approaching, market was dominated by a small amount of replenishment, and trading was tolerable temporarily. ASF 1.5D was offered at around $1,750/mt.

Plant Operation
    27-Dec 3-Jan
Operating rate Acrylic fiber plants 64.0% 62.0%
  Acrylic yarn mills 50-80% 50-80%
Inventory ASF Low Low
  Acrylic tow Low Low
  Acrylic top Low Low




Market Outlook
For cost, the space to adjust ACN price is likely to be not large, and the acrylic fiber cash flow may remain poor. In terms of supply, operating rate is expected to be decrease, and the impact of changes in the overall supply is estimated to be restricted. For demand, with the Spring Festival approaching, the holiday plan of yarn plants may be basically confirmed. At present, there are still small plants accept orders and purchase cargoes. Generally, the cost pressure may remain great, and the demand may gradually weaken with the Spring Festival approaching. The pressure from upstream and downstream may become the condition to keep acrylic fiber price smooth. Acrylic fiber price is anticipated to be consistently steady.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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