Hamburg, Germany: Globally, the market of x-Ethylhexyl Acrylate witnessed bullishness in its price trend during the first month of xxxx. Due to the surge in demand from the downstream Paint and Coating sectors, also, the inventory levels were insufficient. Furthermore, providing support to the prices of x-Ethylhexyl Acrylate was the price trend of its upstream Crude Oil market. During January xxxx, the prices of Crude Oil increased which resulted in enhanced energy cost and ultimately, adding up to the overall production cost for the commodity.
In Germany, the market prices for x-Ethylhexyl Acrylate surged by x.xxx and reached USD xxxx/MT (FD-Hamburg) in January xxxx. Therefore, the rate of consumption of the existing inventories was executed at a higher pace which created the requirement for the restocking of inventories of x-Ethylhexyl Acrylate. Considering the market situation, the producers decided to increase the rate of production for the...
