The supply situation for Petroleum resin in the U.S. market remained relatively stable throughout December, having been supported by steady import shipments and stable production abroad. Chinese suppliers—which account for the predominant portion of U.S. imported Petroleum resin —continued unrestrained production with the x.xx drop in the cost of crude oil, which eased the cost for the production of both the Cx and Cx grades.
Although the freight cost between China and the U.S. increased by around xx, the effects were largely offset by supplier-side discounts as Chinese manufactures were confronted with abundant domestic supplies and they have also amended export prices under competitive pressure.
Within the US, distributors did report increased lead times as a result of capacity limitations and delays in sourcing inputs, but these logistics issues were not significantly hampering Petroleum resin availability.
