The market situation of Thermoplastic Elastomers (TPE) transitioned to a bearish situation across the US market with prices depreciating by around x.xx in the first week of January xxxx. This was largely due to dullness prevailing in the US market and in the importing markets of Canada and Mexico after the termination of the festive season after witnessing a peak in December xxxx. The depreciation in prices of TPE is also attributed to falling prices of Ethylene which witnessed a slump of approximately xx in the US market easing production costs which was also complemented by depreciating prices of Crude Oil which also witnessed a slump of approximately xx.
The post-festive automotive industry across the US, Canada, and Mexico is largely expected to witness a dullness after witnessing a peak as evidenced by the increment of xxx in automotive sales across the US and a...
