During that time international crude oil prices improved appreciably and influenced the downstream value chain including PSF. The crude oil market was buoyed by a combination of supply disruptions caused by winter weather in the United States and rising Middle East geopolitical tensions. This led to a dramatic short-term supply interruption, combined with a reemergence of geopolitical risk. So, for these reasons, the bullish momentum gained stronger traction and crude prices kept rising for several months. Based on EIA information, WTI crude oil prices had risen x.xx to USD xx.xx per barrel on January xx, xxxx, from USD xx.xx per barrel on January x, xxxx, affirming cost support for PSF manufacture.
In the US, PSF prices held broadly flat but advanced by x.xx in the second half of January. This price uptrend was mainly led by uptrend in import price and domestic production cost. The pricing information on...
