During that time international crude oil prices improved appreciably and influenced the downstream value chain including PSF. The crude oil market was鈥俠uoyed 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鈥俛 reemergence of geopolitical risk. So, for these reasons, the bullish momentum gained stronger鈥倀raction 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鈥俹n 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鈥俠roadly flat but advanced by x.xx in the second half of January. This price uptrend was鈥俶ainly led by uptrend in import price and domestic production cost. The pricing information on...
