PSF Prices Rise in Asia and the US, While Europe Experiences Volatility Due to Freight and Feedstock Factors

In the United States market, prices for the PSF rose by x.xx during the last week of the month after a period of stability. Feedstock or demand condition failed to influence the PSF prices during the timeframe. Feedstock MEG and PTA prices remained stable in the local market, and the demand conditions were also unsatisfactory. While the rising logistics freight charges from the Asian routes and elevated production costs there, were the reason to increase the PSF prices.

In the European market, especially in Germany PSF prices remained stable during the second half of the month. However, the prices followed a mixed trend, prices first rose and then fell during June Hx. Demand from the downstream market was limited while the influence of feedstock cost in the domestic market also existed and helped the PSF prices to decline. Additionally, the...