Late March xxxx saw Polypropylene (PP) prices rising across the US market as domestic demand showed signs of revival amidst strict pricing strategies by US producers. While PP spot prices remained uncompetitive, suppliers focused on filling short-term supply gaps, leading to price increases over the past weeks.
Market sentiment improved as housing starts rose by xxx in February xxxx, which consequently supported consumption in the construction sector thus supporting the bull run. However, the availability of railcar offers remained limited, as producers continued operating at reduced reactor rates while exporting as much surplus resin as possible. Some sporadic, specially priced PP deals facilitated selective transactions, but these offers were not abundant and, once sold, were not repeated. Unless prices were particularly attractive, processors in need of material opted for ready-to-ship truckloads, anticipating potential price declines in the future.
On the export front, demand for PP remained...
