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Acrylic staple fibre price expected to rise by June 2021: TexPro
10 May '21
1 min read
Pic: Shutterstock
The price of acrylic staple fibre, CIF NE Asia, increased from $2.11 per kg in January 2021 to $3.04 per kg in April 2021, recording a surge of 44.08 per cent due to the rising prices of feedstock materials such as acrylonitrile. It is expected to rise further by 14.14 per cent to reach $3.47 per kg by June 2021 over the price of April 2021.
This according to Fibre2Fashion's Market Intelligence Tool - TexPro
The prices of feedstock were on an upward trajectory till March 2021 and became stable in the second half of March due to limited buying interests of downstream players amidst rising prices, according to Fibre2Fashion’s market analysis tool TexPro.
In the beginning of April 2021, the price of acrylic staple fibre remained steady due to the slight decline in the price of acrylonitrile, causing the sales of acrylic staple fibre to increase slightly.
The price of acrylonitrile is not expected to increase in the coming months, and thus sales are expected to rise. Hence, the price of acrylic staple fibre is projected to increase in the upcoming period.
Fibre2Fashion News Desk (KD)
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