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Acrylic staple fibre prices see sharp fall globally amid poor demand

Acrylic staple fibre prices are under constant pressure in the global markets. According to the latest data, the product has witnessed a steep fall of around 5-7 per cent since July 2022. The man-made fibre has remained bearish since January this year due to limited buying and the prices are likely to remain rangebound in the coming months.

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The average price of acrylic staple fibre (1.5D) dropped by 6.47 per cent to $2,522.30 per MT (CIF) in north-east Asian market during July-September 2022, according to The prices were at $2,735.94 per MT in January-March and $2,696.92 per MT during April-June 2022.

 

Acrylic staple fibre (3D*64mm) slipped by 5.35 per cent and the average price was $2,634.93 per MT in July-September 2022 in the Chinese domestic market. It eased by 2.74 per cent to come down to $2,783.77 per MT in April-June. The product was priced at $2,862.10 per MT in January-March 2022. 

As per TexPro, FOB China price of the same product declined by 4.18 per cent to $2,806.45 per MT in July-September. It slipped by 3.16 per cent to $2,928.81 per MT in April-June 2022. The average price of the product was $3,023.31 per MT in January-March. The downward trend continued till last week when the price of acrylic staple fibre (1.5D) dropped to $2,300 per MT (CIF) in north-east Asian market. Acrylic staple fibre (3D*64mm) slipped to $2,408.83 per MT in the Chinese domestic market.  FOB China price of Acrylic stable fibre (1.5D*38mm) decreased to $2,684.66 per MT. 

 

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