the increase of acrylic fiber price is only a matter of time considering the increased ACN prices

From the point of acrylic fiber plants, the increase of acrylic fiber price is only a matter of time considering the increased ACN prices. But it is learned that the inventory of major AF plants is still at over 10,000 tons, which may be unfavorable for future sales amid the soared AF price due to the large stock depletion. So it is necessary to ensure both the profits of acrylic fiber plants and the downstream purchasing. As such, the timing of price adjustment becomes particularly important. And since the overall price trend of ACN in March is still unclear, attention should also be paid to guarantee the positive cash flow of acrylic fiber in February. Therefore, there may not be much time for AF plants to adjust their offers.

For acrylic yarn mills, the rumor of rising raw material prices has stimulated some of them to stock in advance, which accelerates the destocking of acrylic fiber plants and boosts the price increase of acrylic fiber to certain extent. However, there are still mills that amid work resumption, and current orders for AF plants are mostly scattered and small, so the feedstock depletion remains limited. In this case, a surge in AF prices may greatly hit the purchasing enthusiasm of acrylic yarn mills.