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Propylene

Asian propylene prices plunged further this week amid an active sell-off. In US propylene contracts for May fell by US cents 10 per pound. US propylene contracts usually settle at the beginning of the month being negotiated. The contract drop in May was the first for the US propylene market in 2012.



Cotton

Cotton futures plummeted to its lowest level since July 2010. Cotton futures fell finished near a two-year low as bumper supplies encouraged selling by speculators who expect prices to stay under pressure over the next several weeks. July cotton on the ICE Futures US closed the week at US cents 78.97 per pound, the lowest close for the spot contract since July 2010. New-crop December lost US cents 9.46 to end at US cents 76.34 cents.



VSF

Asian viscose filament yarn market prices remained at around the same levels and some mid-to-low-end goods were talked down. High-end producers had a low-level inventory and healthy order-intakes. In line with falling sale/production ratios at VSF producers, sellers found it more difficult to move materials as buyers showed stronger wait-and-see attitude.



NFY

The softness in caprolactum and its percolation into the nylon chips market took the wind out of the upward momentum in nylon yarn prices. Demand too was hard to improve for nylon yarns. FDY makers saw cautious buying from downstream textile makers while FDY liquidity improved little. On the other hand, demand for DTY and non-textile yarns was relatively good, as downstream bargain buying was still continuing.



ASF

Acrylic fiber producers were still running at reduced rate this week in Asian markets, along with ongoing maintenance showdowns. Offers for mid-May were issued flat, supporting current market price levels. However, the markets were range bound with low-level prices, as producers had trouble boosting demand. Demand received little boost this week, with buyers restocking the necessary minimum volumes.



 
 
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