During December xxxx, the prices of Para Phenylene Diamine (PPD) showcased a decline in its trend in the South Korean and the USA markets due to the disruption in supply and demand equilibrium. Furthermore, the fluctuations in the prices of its upstream Aniline and Nitrobenzene market contributed as one of the factors for the bearishness in the market of PPD.
In the South Korean market, trading in major manufacturing sectors has slowed down due to abundant stocks among the storage units. Producers have responded by reducing production to avoid a surplus of commodity. However, the decreased demand from the downstream automotive industries has led to an oversupply, causing prices to decline. According to Statistics Korea, the Consumer Price Index was xxx.xx in December xxxx, remaining unchanged from the previous month but showing a x.x percent increase from the same period the previous year. The...
