China acrylic fiber imports rise

The rise in 2021 was mainly attributed to the increase in March-May, up about 7,800 tons during the period or 49.7% year on year. On one hand, the consumption was stimulated first in overseas markets, and the recovery of Chinese production met the demand. On the other hand, Chinese acrylic fiber plants maintained low operating rate during the period due to unfavorable cash flow. In the first half year of 2020, the market was resuming work and plants were restarting production gradually under the pandemic, and the release of demand was more in the second half year. In 2021, the acrylic fiber plant operating rate averaged at 53.1%, lower than 57.4% of 2020. Under the demand recovery, spinning mills were active to seek for the sources.