In the third week of May xxxx, concluding on May xx, the price of polypropylene (PP) in the U.S. market decreased by approximately xx, driven by low demand from overseas markets and ample global supply. On the resin front, few fresh polyethylene and PP railcar offers were available in the spot market. However, there was a notable number of urgent truckloads needs that a short-staffed trading desk managed to fulfil, primarily from market-making inventory. The average price for PP copolymer grade delivered to Houston was USD x,xxx/MT over the week. This trend reflects the dynamic interplay of supply and demand, impacting the market prices and availability of PP in the U.S. market.
Following two weeks of stability, the price of PP in the European market remained stable this week due to a balanced gap between demand and supply. The price of feedstock propylene also remained unchanged, contributing...
