The First half of March 2025, Polyester Staple Fiber (PSF) market experienced a steady price trend in the global market, primarily due to subdued demand from the downstream sector and the influence of feedstock market dynamics.

In the US market, prices for the PSF remained steady, with only marginal fluctuations of 0.79%. The stable prices for the PSF were mainly due to the steady import costs and volume. The domestic market held the sufficient volume coupled with the early stocking in anticipation of tariff impositions. Despite the uncertain trade, Asia imports remained sufficient, resulting in a balanced PSF supply chain. Though, demand conditions in the domestic market were limited due to the cautious procurement amidst the trade tensions.

AAFA (American Apparel & Footwear Association) raised concerns over the heavy tariff imposition on business and consumers, cautioning that it may result in the significant disruption in economic stability. However, prices for the crucial feedstocks including MEG and PTA stayed stable, further supporting the stable price trend for the PSF. Declining logistics freight charges further encouraged traders to maintain the prices without any alterations.

Following the same trend, the European market witnessed the same conditions. During the first half of March 2025, prices remained stable, with minor fluctuations. In German market, PSF prices experienced a slight dip of 0.82% in the early week, while price saw stabilized in the second week.

This price behavior was driven by ample inventory levels, weak import prices, and sluggish domestic demand conditions. PSF consumption level was further influenced by the rising inflation, diminishing domestic market sentiments. At the same time, the low overseas export level impacted on the market conditions, resulting in the higher inventory accumulation.

Across the APAC market, prices for the PSF remained stable during the period. Domestic manufacturing firms held prices steady coupled with the sufficient inventory levels, increased operational rates, and an overall improvement in manufacturing conditions following the Spring Festival season.

Low feedstock price further shaped the market conditions. Prices for the feedstock, PTA fell this time by 3.5% in the Chinese market driven by the weak crude oil prices and supported by the resumptions of operating units after the spring holiday shutdown.  Rising PTA supply-imposed pressure on the market condition, prompting key players to hold the prices.

On the demand front, despite the stable supply, demand for the PSF remained weak. Purchasing enthusiasm remained limited as market participants demonstrated caution in the stockpiling. Market reports highlighted the sluggish inflow of the new orders, as market participants remained cautious about the future trend of the market. Further weaving industries showed limited elasticity and operation rate remained restricted hindering growth of the PSF in the near term. On the export side, demand from the international market was steady, supporting market stability.