The US鈥侾SF prices increased by x.xxx in December xxxx, but the support from the cost side was limited due to weak domestic feedstock prices domestically. On the feedstock side, Mono Ethylene Glycol (MEG) prices dropped by x.xxx, while Purified Terephthalic Acid (PTA)鈥俻rices were unchanged during the month. The US PSF market remains largely import-dependent, particularly on Asian suppliers, which amplified the impact of external pricing movements during the month.
Overseas鈥俿upply, particularly from Asia, dominates the US PSF market. However, inflows of PSF from China were deterred by trade鈥俢omplications and tariff-related obstacles during the period. Thus, US buyers turned to alternative Asian suppliers such as South Korea, Taiwan, Vietnam and Thailand,鈥俽eorienting regional PSF trade flows.
Tight鈥俿upply pattern emerged as raw material PTA price was high, supported by robust cost support. PTA prices were bolstered by rising production costs, decreasing operating rates due to plant...
