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Global Synthetic Fiber Prices Firm in December

The global synthetic fiber price index fell by only 1% in December compared to a year ago, finishing a year of monthly declines. However, it was the smallest drop in the 12-month period. The measure, which tracks the weighted basket of prices for acrylic, nylon, polyester and polypropylene filament yarns and staple fiber, indicates that although synthetic fiber prices have plunged from their stratospheric levels of early 2011, they have bottomed out and begun to stabilize.
Price reductions in Asia had the greatest impact on the overall index. In Asia, prices fell by an average of almost 4% compared to the same month last year. Asian prices were 18% below the world average in September.
The European index rose by 3.3%, a big swing compared to November’s 5% drop, and the first increase in over a year. European synthetic prices are about 21% above the world average.
The US index rose by .6%, a significant bounce from November’s 3.6% drop and the first monthly increase since March. US fiber prices are approximately 41% higher than the world average.

December Synthetic