Home / Knowledge / News / Textiles / MEG & ACN record mixed price movements
MEG & ACN record mixed price movements
26
Feb '08
A slow down in polyester staple prices at the close of 2007 was partly due to weakening market conditions in Far East Asia. In particular weakening demand and a build up of stocks in China pushed polyester fibre chip prices lower than a month earlier.

Monthly falls in Far East Asia were partially offset by rising polyester prices in the US. In Western Europe, polyester staple prices remained firm, supported by solid demand.

Acrylic prices in December also remained flat after steady monthly moderate increases during the September to November period. Subdued demand in China, a fairly strong reduction in acrylic imports by the US and weak demand in Western Europe were the main factors contributing to easing acrylic prices in December.

Synthetic raw materials (MEG and Acrylonitrile) recorded mixed price movements in December. Acrylonitrile (ACN) prices remained flat while MEG prices recorded a solid monthly increase.

Weakening prices of synthetic fibres in December resulted in a rise in the 21 micron wool to synthetic price ratio, weakening the competitiveness of Australian wool on international markets.

Australian Wool Innovation Limited

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search