Busa, South Korea: During January xxxx, the prices of Para Phenylene Diamine (PPD) experienced fluctuations in both the Asian and North American markets. In South Korea, prices rose due to increased demand from the Automotive and Tire sectors, coupled with insufficient existing inventories. Conversely, in the US market, prices declined due to high inventory levels and sluggish demand from the downstream sectors. In the preceding year, China surpassed Japan as the leading global vehicle exporter, according to data from the Japan Automobile Manufacturers Association (JAMA). Japan exported x.xx million vehicles in xxxx, while China exceeded this with x.xx million vehicles, as reported by the China Association of Automobile Manufacturers (CAAM) this month.
In South Korea, the PPD market witnessed an incline of xxx and reached USD xxxx/MT (FOB-Busan) on xxth January xxxx. Due to robust demand of PPD from the downstream automotive and tire sectors and inadequate...
