Polyester Filament Yarn pricing Trend and Forecastvalid until: 24 Jun 2023date published: 24 Jun 2022
The PSF market showed mixed sentiments throughout Q1-2022, with demand increasing in the first and last month of the first quarter. Rise in prices of raw material Purified Terephthalic Acid cost and Mono-Ethylene glycol as crude oil prices rose, which triggered further growth in the PSF market. Later, due to the low production in Mexico, the United States dependency on Mexico limited the availability of the goods in the domestic market. Further, supply disruptions and port congestion with high transportation costs on goods export made it impossible to meet the demand in the domestic market, and therefore Polyester Filament Yarn Pricing in the North American region in the first quarter was firmed and were assessed at USD 1453 CFR Texas in February 2022.
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