Texas (USA): In the US market for the week ending on March xx, xxxx, there was a notable x.xx decline in the price of Polypropylene (PP), primarily driven by subdued demand from domestic consumers. Despite this decrease in PP price, the price of its feedstock, Propylene, maintained a stable trajectory during the same period. Additionally, there was a significant decrease in freight rates across both East/West coast routes to Asia and Europe, indicating a broader trend of declining transportation costs. These market conditions reflect an oversupply situation, with more carriers available than there is demand for their services, contributing to a robust supply chain environment. However, despite stable product availability within the country, lacklustre demand for PP dynamics have led to a prevailing bearish trend in the market.
Conversely, the European market experienced a notable uptick in the price of PP, with an increase of approximately USD...
