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Demand from the downstream textile industry boosted the price of Poly Staple fibre (PSF) in the Indian market. Purified Terephthalic Acid (PTA) and Mono-Ethylene Glycol (MEG) prices have gained since the beginning of the year due to high energy values which increased overall cost of production for PSF.
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Polyester Staple Fibre Price Trend and Forecast In North America, Polyester Staple Fibre Pricewitnessed decline in its trend in the first half of Q1, followed by a sudden increment in its price by 9%, owing to high feedstock prices. Upstream PTA (Purified Terephthalic Acid) and MEG (Mono-Ethylene Glycol) also fluctuated in the domestic market amidst high crude oil prices due to the Russia -Ukraine conflict. Purified Terephthalic Acid imports from Asian countries were hampered which also caused the domestic market prices to hike. In addition, port congestions and rising shipping costs further increased the prices of PSF. Therefore, the PSF market grew and settled at USD 725 FOB US Gulf by March. https://www.chemanalyst.com/Pricing-data/polyester-staple-fiber-32
In Europe, the Polyester Stable Fibre (PSF) demand In Europe, the Polyester Stable Fibre Demand observed a hike in the first half of the quarter, followed by a decline in its trend, which later rebounded by 6% in the second half of Q1. This variation in price trend was attributed to the war between Russia-Ukraine which disrupted the demand-supply dynamics. Even though the downstream demand was deemed stable, disrupted supply owing to operational cuts fluctuated the price value of PSF. https://www.chemanalyst.com/Pricing-data/polyester-staple-fiber-32
Polyester Staple Fiber Supply in North America In North America, Polyester Staple Fibre Supply witnessed decline in its trend in the first half of Q1 Demand from the downstream textile industry boosted the Demand of Polyester Staple Fibre in the Indian market
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