Qingdao, China: In September xxxx, the US and China markets for Para-Phenylene Diamine (PPD) witnessed an upward trend, driven by an increase in production costs. Regarding feedstocks, Aniline prices rose while Nitrobenzene remained stable. Additionally, heightened demand for PPD from the downstream Automotive and Pharmaceutical sectors further influenced the price trend of PPD.
In September xxxx, the PPD market in China experienced a x.xxx increase, reaching USD xxxx/MT (FOB-Qingdao). The downstream sectors displayed a mixed performance, with the Pharmaceutical sector showing a downward trend that could have pressured the market downward. However, strong demand from the Automotive sector uplifted market sentiment for PPD. According to the China Association of Automobile Manufacturers (CAAM), domestic automobile sales in China reached x.xx million units in September, marking a xx.xx increase from the previous month but a xx decline compared to the previous year. Automobile exports stood at xxx,xxx units, up...
