The Propylene market in the United States experienced a continued decline in prices during October xxxx, followed by September. This downward trend was primarily driven by due to limited trading activity and subdued downstream demand which led to ample supply during this timeframe. Despite potential upward pressures from upstream factors, the overall market sentiment remained bearish due to the prevailing economic conditions and inventory levels.
Despite reduced operating rates at several Propylene plants, the market remained well-supplied due to abundant availability and strategic discounts offered by manufacturers to stimulate sales. This oversupply scenario was further exacerbated by the return of some production units to operation, leading to an increase in inventories across the domestic market which lowered the offered quotations. The downstream polypropylene market also witnessed a cooling effect, as several buyers in the region held sufficient inventories and showed no urgency to restock. This resulted in...
