Acrylonitrile Staple Fibre market rises in the Asian market
The price of Acrylic Staple Fibre rises in the Asia Pacific region owing to high feedstock acrylonitrile, whereas the Propylene market saw a downtrend with easing crude price. As per the market source, the Acrylic Staple Fibre (ASF) 1.5D grade prices this week increased and were assessed at USD 2910 in China on an FOB basis. Acrylic staple fiber is used in sweaters and sewn products due to its warm texture. It is also used in apparel and household industries. Producers believe that the demand has slumped drastically for apparels, but the demand is still stable to firm from the carpet manufacturing industry. Hence, the prices of ASF have not deteriorated despite declining demand from the clothing industry. Meanwhile, feedstock Acrylonitrile faces competition from other industries with high demands from rubber, plastics, pesticides, and the chemical industry. Imports of Acrylic Staple Fibre for European region remained weak due to persistently high freight charges and weakening deman...