The supply situation for Petroleum resin in the U.S. market remained relatively stable throughout December, having been supported by steady import shipments and stable production abroad. Chinese suppliers鈥攚hich account for the predominant portion of U.S. imported Petroleum resin 鈥攃ontinued unrestrained production with the *.** drop in the cost of crude oil, which eased the cost for the production of both the C* and C* grades.
Although the freight cost between China and the U.S. increased by around **, the effects were largely offset by supplier-side discounts as Chinese manufactures were confronted with abundant domestic supplies and they have also amended export prices under competitive pressure.
Within the US, distributors did report increased lead times as a result of capacity limitations and delays in sourcing inputs, but these logistics issues鈥倃ere not significantly hampering Petroleum resin availability.
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