As December xxxx approaches, the global Thermoplastic Elastomer (TPE) market has experienced stability in key regions, including North America and Europe, despite fluctuations in feedstock prices and varied demand conditions. While production costs were impacted by changes in Styrene prices, the sufficient availability of TPE in the market prevented manufacturers from increasing prices.
In the North American market, TPE prices remained stable, largely due to US suppliers preferring to keep prices unchanged and not negotiating. This stability was influenced by a drop in Styrene production in November xxxx, with operating rates decreasing from xxx in October to xxx. Despite this reduction in production, TPE supplies across the US remained plentiful. Exports of plastics, including TPE, fell by more than xxx week-on-week through the end of November xxxx. Railcar loadings also dropped by approximately xx,xxx, according to data from the Association of American Railroads, further exerting downward pressure...
