In January xxxx, the Chinese market for Dipropylene Glycol Monomethyl Ether (DPGME) exhibited a continuous and stable trend, influenced by intricate dynamics in diverse industrial sectors. The propylene feedstock experienced fluctuations throughout the month, initially declining in the first three weeks but significantly improving in the last week of January. This price upswing played a crucial role in stabilizing the DPGME price.
The real estate sector, experiencing a x.xx drop in added value in xxxx compared to the prior year, not only impacted local government revenues but also had a cascading effect on various associated industries, ranging from furniture to coating. As per DOW&#xx;s Qx xxxx report, the downstream Polyurethanes & Construction Chemicals segment observed a year-on-year decline in net sales, influenced by lower prices across all regions, partially mitigated by widespread business and geographic volume gains. Sequentially, global net sales decreased due to reduced local prices....
