Texas, USA: In February xxxx, the Para Phenylene Diamine (PPD) market plunged in South Korea as well as the US. In the South Korean market, the decline in the prices of PPD was attributed to the shrinking demand from the downstream Automotive enterprises and stocked-up inventories among the storage facilities. However, in the US market, the Automotive segment was moving upwards but the inventory levels of PPD were adequate to fulfill the rising demand for the commodity in the market along with the increased rate of consumption.
In the US market, the prices of PPD experienced a decline of x.xxx and settled at USD xxxx/MT (CFR-Texas) in February xxxx, since the demand was strong from the Automotive sectors, the consumption of existing PPD inventories rose, but the production rate was reduced with the intention of primarily consumption of the existing inventory levels as the commodity...
