China Acrylic Market Daily(22 Nov 2010)

China-made ACN: 18,500-19,200yuan/mt, ex-works
Spot ACN: 19,200-19,300yuan/mt, ex-tanks

Transactions remained active in ACN spot market, offers increased generally to 19300-19500yuan/mt, with some even higher. Done level was 19200-19300yuan/mt ex-tanks. Major suppliers kept running rates stable but actual spot supply was limited.

Cotton type ASF 1.5D: 24,500-25,200yuan/mt
ASF 3D: 24,150-24,650yuan/mt
Acrylic tow 3D: 24,650-25,100yuan/mt
Acrylic top 3D: 25,550-26,000yuan/mt by cash, ex-East China

Acrylic fiber market held stable on Monday. Spot supply was relatively tight. Downstream plants mostly purchased on need-to basis. Prevailing done prices were at 24800-25100yuan/mt for cotton type ASF 1.5D and 24600yuan/mt for ASF 3D. Offers remained scarce on import market, few deals were heard.

$1=CNY6.64