The US Propylene market experienced a period of significant price decline during early April xxxx, driven by a confluence of factors creating a surplus of the material. This surplus has put downward pressure on prices, leaving sellers struggling to find buyers despite offering lower costs. This price slump was attributed to a sluggish demand for polypropylene, a key downstream product of Propylene. Manufacturing activity in industries that rely heavily on polypropylene appears to be subdued, leading to a lack of incentive for companies to purchase Propylene in the first place. This weak demand has resulted in a buildup of Propylene inventories, further exacerbating the downward pressure on prices.
Under the influence of a weak downstream demand, the market settled at USD xxx/MT Propylene Polymer Grade DEL US Gulf, USA on xxth April xxxx with a drop of xxx when compared to the previous month. Even though...
