China Acrylic Market Daily(30 Nov 2010)

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

ACN spot supply remains limited on Tuesday and market sentiment was good. Mainstream trading level was at 19500yuan/mt, ex-tanks. Cargoes for Dec delivery were sold at 19300yuan/mt.

Major ACN producers in China kept offers stable. Spot supply was few and inventories were low. Transactions in Shandong, Jiangsu and Zhejiang were all stable. Downstream plants mostly purchased on need-to basis.

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 continued to firm high, producers had fluent sales. But traders faced some difficulties in sales. The inventories of some traders in Jiangsu/Zhejiang were increasing.

Dragged by weakening cotton market, cotton type ASF 1.5D market softened, with mainstream prices at 24800-25000yuan/mt in East China. Transactions of acrylic tow and top were moderate.

Acrylic yarn plants still ran at high rates and purchased acrylic fibers on need-to basis. Acrylic yarn sales were moderate.

$1=CNY6.68