China Acrylic Market Daily(9 May 2011)

China-made ACN: 19700-20700yuan/mt, ex-works
Spot ACN: 20500-20800yuan/mt, ex-tanks
　　
China ACN spot market was quite sluggish today. Some traders kept offers flat at 20700yuan/mt in the morning. Later, as Fushun PC lowered offers, market sentiment was hampered and no enquires were heard in the afternoon. Prices of northern plants moved down to 20200-20800yuan/mt delivered to Shandong. Prices at the low-end of this range were offers by Fushun PC.

There were no offers or enquiries in USD ACN market for China. Some domestic traders were seeking to sell their spot materials or upcoming ship cargoes to other countries as deals have been heard done above $3000/mt elsewhere.

Cotton type ASF 1.5D: 25300-26000yuan/mt
ASF 3D: 25300-25500yuan/mt
Acrylic tow 3D: 25600-26000yuan/mt
Acrylic top 3D: 26400-27000yuan/mt by cash, ex-East China

China acrylic fiber market kept stable. Sales of plants slowed down, but inventory level remained low at around 15 days.

In import market, deals of ordinary fibers were rare. Transactions focused on differential fibers and prices continued to move up (mainly acrylic flat staple fibers, acid dyeable fibers and superfine anti-pilling acrylic).

$1=CNY 6.50