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Synthetic Fiber Prices Slide Further in March

The global synthetic fiber price index, which tracks the weighted average price for acrylic, nylon, polyester and polypropylene filament yarns and staple fibers, fell in March compared to a year ago, its seventeenth straight month of decline.

Prices fell in Asia, Western Europe and the USA. In Asia, prices fell by an average of 4.5% compared to the same month last year. Asian prices remain 18% below the world average.

The European index fell by almost 8%, their steepest decline in five months. European synthetic prices are about 16% above the world average.

The US index fell by 1.1%, the first monthly decrease in four months, though remaining 44% above than the world average.