In the United States market, PSF prices experienced a bearish trend during the month. Though the prices for the PSF remained steady during the early half of August, then declined by *.** during the week ending on **nd August ****. This trend is mainly due to the cheap overseas import prices coupled with the sluggish market across the Asian region.
Additionally, logistics freight charges were also declining for the Asia-US route due to the slower trade than usual between the Asis and US. Though, this period is a peak season but most of the importers have already procured their goods earlier, anticipating rising tariff from the US government. Due to the prior shipment and the limited new orders, there was enough space on the cargo and shipment charges were declining.
On the demand side, softness in the downstream market persisted, due...
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