Polyester Staple Fiber (PSF) price has been increasing in the global market since early xxxx. The PSF market is grappling with numerous challenges that drove its price in an upward trajectory including production cost and transportation. These challenges have significant implications for manufacturers, supply chains, and consumers worldwide.
In the US market, PSF price has surged around xxx in just three months followed by the expensive import from the Chinese market. One of the primary challenges confronting the US PSF market is the escalation in production costs. Factors such as increased feedstock costs, rising energy prices, and heightened regulatory requirements have contributed to the uptick in production expenses. The price increment of raw materials Mono Ethylene Glycol (MEG) and Purified Terephthalic Acid (PTA) is a pivot point. In xxxx, the global market is struggling with the shortage of MEG owing to the high consumption in...
