The global Thermoplastic Elastomer (TPE) market exhibited varied trends across key regions during the first and second weeks of May xxxx, influenced by a mix of logistical challenges, feedstock price fluctuations, and regional demand dynamics.
In the United States, the TPE prices witnessed a modest decline, dropping by x.xxx in the xst week of May to USD x,xxx/MT, followed by a further x.xxx decline in the second week to USD x,xxx/MT. TPE prices softened due to low production costs brought by a x.xxx drop in styrene feedstock prices. Houston Port congestion continued to hamper U.S. exports, delayed shipments, and domestic inventory buildup putting downward pressure on TPE prices. However, strong demand from the automotive, consumer goods, and packaging sectors helped cushion the impact limiting further price decline. Additionally, domestic manufacturing remained stable, with production facilities operating at regular run rates, though...
