The China Dipropylene Glycol Monomethyl Ether (DPGME) market continued to decline in October **** with鈥侳OB Qingdao prices dropping by *.** on the month. Participants DPGME cited the combination of鈥倃eak downstream demand, softer feedstock prices and sufficient supply availability as the bearish commodity that dominated the month鈥檚 trading activity.
DPGME鈥檚 largest end-use segment paints and coatings, which struggled through a severe post-Golden Week slack and the beginning of winter seasonal headwinds. Construction activity slowed鈥俢onsiderably as freezing temperatures and weather-related delays pushed interior and exterior painting hold-ups. Lacklustre domestic retail demand for decorative coatings had resulted in extremely cautious inventory policies by distributors, who鈥俬ave held back on bulk purchases. 鈥�Purchasers are buying hand-to-mouth,鈥� said a鈥倀rader based in Shanghai. 鈥淭here鈥檚鈥俷o point in building stocks with the construction sites closing for the winter.鈥�
Plenty of supply and declining cost support has been reported for...
Leave a Comment
Comments (0)