DAK Americas To Increase PSF Prices

Global paraxylene supply to the polyester industry is very tight, with production struggling to meet demand from existing PTA plants. New PTA operations in Asia are putting further pressure on an already strained paraxylene supply chain. Compounding these challenges, a major Asian PX facility has been immediately shut down in response to social concerns about its operation.

As a result, a significant increase in the global cost of paraxylene is working through the polyester value chain.

Due to the increased cost of polyester raw materials, DAK Americas will increase prices for all Polyester Staple Fiber (PSF) products.

Effective September 1, 2011; DAK Americas will increase PSF prices by $0.04 per pound.

DAK is committed to the polyester staple fibers business and will continue to supply quality products, services and innovation to its customers.

Textile World