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

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search