China Acrylic Market Daily(8 Mar 2011)

China-made ACN: 19900-20500yuan/mt, ex-works
Spot ACN: 21000-21100yuan/mt, ex-tanks

China ACN market was quiet on Tuesday, mainstream trading prices held stable at around 21100yuan/mt ex-tanks. Although traders were reluctant to sell, market prices were constrained by soft sales.

Some oversea ACN plants have restarted after maintenance, thus the tightness of market supply might be a little relieved later. Recently, offers still kept firm in import market, traders were mostly in looking-on mood.

Cotton type ASF 1.5D: 25100-25600yuan/mt
ASF 3D: 24500-25250yuan/mt
Acrylic tow 3D: 25100-25800yuan/mt
Acrylic top 3D: 26100-26700yuan/mt by cash, ex-East China

PetroChina East and Northeast both hiked acrylic fiber prices today by 300-400yuan/mt. Enquires were stable and trading prices slowly followed up.

As acrylic fiber prices have been adjusted up frequently, trading prices in acrylic yarn market also followed to rise, generally up 300-500yuan/mt. But trading volume has not expanded evidently constrained by some degree of labor shortage.

$1=CNY6.57