Polyester Staple Fiber (PSF) experienced a bullish price trend globally during the early half of May xxxx. Supply-Demand dynamics and feedstock market mainly shaped the price trend for PSF during the week.
As per the studies by ChemAnalyst, in the United States market, PSF prices rose by xx.xx during this period. PSF price trend is mainly influenced by the tight supply conditions. The elevated trade tensions between US-China and tariff war shaped the PSF price trend in US market. Amidst the trade tension, the import from the China to US declined rapidly which tightened the domestic supply condition in US. This was also supported by the domestic operation disruption during the last month. Operating units including Alpek Polyester Mississippi, Inc. (formerly DAK Americas Mississippi Inc.) announced force majeure due to severe storm.
The European...
