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.
ALCHEMPro News Desk (KD)
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