During the first week of May xxxx, the global Polyester Staple Fiber (PSF) market saw stable prices, with no significant changes. This stability was influenced by factors affecting both upstream and downstream in the supply chain.
In the US market, PSF prices remained unchanged from the previous month, with a minor fluctuation at the beginning of the previous month. Reduced consumption during this period led traders to decrease import capacity. Another contributing factor to this stability was the eased costs of feedstock in exporting countries. PSF prices had been stable for the past three weeks due to decreased demand from downstream industries. During this period, the prices of feedstock in the US market remained weak, decreasing by x.xx, mainly due to a weak crude oil market and high US crude oil inventory levels.
In the European market, PSF prices remained stable, especially in Germany, at USD...
