After a steep, and somewhat surprising increase in PGP prices in the middle of Q1, Propylene prices have since dropped back to the low $.40/lb range in recent weeks. As also reviewed in our recent podcast episode with Kathy Hall (Episode 089 of The View from Jamestown, Podcast Edition), the spike in the middle of Q1 caught some players off-guard, in what has been predicted to be a brief spike. Although contract values remain high for April, the spot market has begun to tail off.
Strong Vehicle Sales despite Slowing EV Demand
While general auto sales remain relatively strong, EV demand has continued to wane as consumers are more and more weary of the logistics behind charging,