For the Quarter Ending September 2023

North America

In the third quarter of 2023, Para Phenylene Diamine (PPD) experienced a downward price trend in North America. This trend was primarily driven by decreased demand from downstream enterprises in the Dyes and Cosmetics sector. Traders, responding to the weak spot market trend, refrained from improving profit margins through offers and bids, opting instead to offer discounts on bulk purchases. The ample supplies from China played a significant role in pushing down PPD prices. Furthermore, the reduction in prices of raw materials, Aniline and Nitrobenzene, contributed to the overall market trend. Producers also scaled back production to prevent oversupply. Weak demand in the downstream sector left sufficient inventory, resulting in a declining price trend. Slower consumption of existing inventories eliminated the need for restocking, leading to a decrease in cargo shipments from China to the USA.

Asia Pacific

In the third quarter of 2023, the market price of Para Phenylene Diamine (PPD) in the Asia Pacific region dropped to USD 2560/MT (FOB-Qingdao). In response to market conditions, exporters lowered their quotations to clear existing inventories for upcoming fresh stocks. Simultaneously, the prices of feedstocks Aniline and Nitrobenzene also declined due to low demand from downstream markets. The ample supply of PPD, combined with weak domestic demand, led producers to decrease production rates. Domestic buyers avoided purchases based on declining demand from downstream Hair Dyes and Cosmetics markets. The operating rate for the commodity decreased as well, reflecting the bearish market situation with a narrow spread between end products and feedstocks.

Get Real Time Prices of Para Phenylene Diamine (PPD): https://www.chemanalyst.com/Pricing-data/dinitrochlorobenzene-1553

Europe

During the third quarter of 2023, the price trend of Para Phenylene Diamine (PPD) in the European market declined. The drop in prices of upstream Aniline and Nitrobenzene negatively impacted the market value of PPD. Reduced production costs also contributed to the decreased prices of the commodity. Falling demand from the downstream Hair Dyes and Cosmetics sector led to a decline in the consumption of existing inventories. With sufficient inventories in storage units, suppliers offered discounts on bulk purchases, declining offers and bids to clear out inventories for fresh stocks. The demand from the downstream sector was met by existing inventories, eliminating the need to restock the commodity. Due to ample stocks, the production rate of the commodity was reduced to prevent oversupply.