Hamburg (Germany): Ethylene prices have remained firm across the European market during the second consecutive week of March xxxx, buoyed by high upstream costs and logistics snarls that have curtailed import material flow. However, market players have cited poor demand as a counterbalance to the firmer production costs. The demand recovery in the regional market has been slow thus far, creating a subdued trading atmosphere. Market participants are hopeful that buying appetite will improve in March and April as the high season approaches. Looking ahead, players expect Ethylene prices to follow a similar trend to what is seen in the upstream markets.
Prices of Ethylene have persistently increased in the German market. The cost support from feedstock Naphtha prices was sufficient for Ethylene, as its prices settled on the higher end in the domestic market. On the input energy front, crude oil prices have strengthened over the...
