ACN price in China was 11,650 yuan per metric ton in January 2021, which increased considerably by 38.52 per cent to 16,130 yuan per metric ton in March 2021. It then dropped by 9.23 per cent to 14,640 yuan per metric ton in June 2021, according to Fibre2Fashion's market analysis tool TexPro.
The price is expected to decrease slightly to reach 14,630 yuan per metric ton by the end of 2021.
In the first quarter of 2021, the price showed a substantial rise owing to a tight supply of ACN amid factory maintenance of big suppliers such as Sinopec Anqing. The price increased further as the plant shut down for the Chinese New Year holiday and the demand remained strong from the overseas as well as domestic markets.
In the second quarter of 2021, the price dropped due to poor downstream market and resumption of ACN production plants.
Fibre2Fashion News Desk (KD)
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