The events that are unfolding in Japan, indicate a significant impact to the global polyester value chain.
Japan is an important supplier of paraxylene to the global polyester value chain. A significant portion of the Japanese paraxylene manufacturing has been directly affected by the earth quake and ensuing tsunami and is down at this time.
The Asian spot market for paraxylene has shifted up dramatically, in response to these events.
Until a full assessment of the damage at the refinery level, the infrastructure level and the impact of the nuclear situation is understood, the reliability of paraxylene production from Japan is very uncertain.
Anticipating significantly higher priced paraxylene in April, DAK Americas will increase prices for all Polyester Staple Fiber (PSF) products.
Effective April 1, 2011; DAK Americas will increase PSF prices by $0.07 per pound.
DAK is committed to the staple fibers business and will continue to supply quality products, services and innovation to its customers.
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