In April xxxx, Polyester Staple Fiber (PSF) continued its sluggish prices in the global market, continuing the same trend from the late march. PSF price trend is mainly influenced by the sluggish nature of the feedstock market. This factor has made the downstream market cautious and weakened the overall market dynamics of the PSF.聽
In the European market, PSF prices follow the bearish trend in April xxxx. In the early week of the month, PSF prices depreciated by x.xx, especially in Germany while during the second week of the month price remained stable at USD xxxx/MT CFR Hamburg. Domestic market experiences the sluggish demand conditions for the PSF amidst the struggling textile. Additionally, the low-cost import from the Asian market mainly shaped the price dynamics of the PSF within the regional market. Whereas the domestic production costs remained steady followed by the stable feedstock MEG...
