what's behind the decline in the price, page-3

Exactly.

1. Lower Aussie $
2. Drought affecting sales into the agriculture sector
3. Rising resin costs
4. Rising electricity costs (packaging manufacturing is extremely power intensive)
5. Significant debt (whilst only 2x EBITDA) given manufacturing is also capital intensive, cost of debt is rising for all corporates. This becomes more of an issue if points #1-#4 are ongoing and PPG doesn't have the FCF to pay down debt.

Just sit tight. All of the above except for #5 will pass in the medium term (6-12 months).