The Para-Phenylene Diamine (PPD) market in China continued to showcase a declining trend for the second sequential month. The bearishness in the market sentiments of PPD was due to the low demand, ample inventories, declined production cost, and decrease in the overseas market. Chinese market experienced significant challenges due to the reciprocal tariffs which disrupted the global supply chain.
In April xxxx, the PPD market in China witnessed a decline of x.xx and the prices further fell to USD xxxx/MT (FOB-Qingdao). This decline can be primarily attributed to the decreased production cost of PPD amid a decline of x.xxx and x.xx in the feedstocks, Aniline and Nitrobenzene, respectively.
Providing support to the current market sentiments was the combination of the presence of ample inventory levels and the absence of significant orders for PPD from the overseas markets. The Chinese...
