Cologne, Germany: The Phthalic Anhydride market witnessed an incline in March xxxx in the European as well as the US markets, due to the heightened demand from the downstream Plasticizers market and the increase in the consumption rate of the existing inventories which led to lower inventory levels. Additionally, the ongoing farmer&#xx;s dispute in European countries caused delays in the arrival of supplies, leading to a shortage and subsequent price increases in Phthalic Anhydride as the balance between supply and demand was disrupted.
In the German market, the prices of Phthalic Anhydride experienced an incline of x.xxx and settled at USD xxxx/MT (FCA-Cologne). The supply faced shortages due to disruptions in the supply chain caused by ongoing Farmer’s protests blocking roads and causing logistical issues. Additionally, a rail strike initiated by the Union of German Train Drivers, stemming from a dispute with Deutsche Bahn over weekly working...
