In the third week of January xxxx, the global Polypropylene (PP) market faced challenges with a x.xx price increase due to surge in feedstock Propylene costs. European PP prices surged x.xx amid a spike in Propylene prices, while Saudi Arabia also experienced an increase in prices of PP. The Chinese PP market saw a notable price rise driven by consistent overseas demand and Red Sea disruptions doubling ocean freight rates.
Throughout the third week of January xxxx, the US PP market experienced a modest x.xx increase in prices, closely linked to a significant x.xx surge in feedstock Propylene costs. Trading activities showed improvement with buyers exhibiting a preference for truckloads over railcars. Despite this, prices continued their upward trend, influenced by the movement of Polymer Grade Propylene costs. The market witnessed the availability of prime railcars but faced higher asking prices, leading to a degree...
