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Synthetic Fiber Prices Slip-Slide through April

The global synthetic fiber price index, which tracks the weighted average price for acrylic, nylon, polyester and polypropylene filament yarns and staple fibers, accelerated its recent trend and fell 4.9% compared to a year ago, its eighteenth straight month of decline.

Prices fell in Asia, Western Europe and the USA. In Asia, prices fell by an average of 4.4% compared to the same month last year. Asian prices remain 19% below the world average.

The European index fell by 8%, their steepest decline in six months. European synthetic prices are about 19% above the world average.

The US index fell by 3.1%, its second monthly decrease in five months, though US prices remain 45% above than the world average.   

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