In the latter half of December xxxx, the Polypropylene (PP) market demonstrated remarkable resilience, particularly in the United States, where PP prices maintained stability despite an x.xx surge in feedstock Propylene costs. The delicate balance between demand and supply played a pivotal role in this consistency. The US market experienced a decline in manufacturing activities in the previous month, reflecting a cautious economic sentiment. This subdued manufacturing landscape acted as a buffer, preventing drastic fluctuations in PP prices, despite the significant uptick in feedstock expenses.
Conversely, the European PP market witnessed a decline in PP prices during the same period. This downturn was primarily attributed to subdued demand associated with the ongoing festive season and winter holidays. The region experienced low trading activities, contributing to the overall decrease in PP prices. Additionally, the cost of feedstock Propylene saw a reduction, providing relief to production costs...
