Hamburg, (Germany): The European Ethylene spot market continued to see limited supply during the first week of September, with a rise in restocking activity noted in Ethylene and derivative markets ahead of the upcoming turnaround season. The strong feedstock prices have further contributed to the Ethylene prices following an uptrend in the regional market.
The prices of Ethylene have remained on a firm note in the German market amid tight material availability. Despite the low upstream crude oil prices, the feedstock Naphtha prices have been observed on the higher end which led to the high production cost of Ethylene, keeping the prices elevated in the domestic market. Furthermore, the domestic supply of Ethylene has tightened further over the week stemming from the reduced operating rates in the domestic market. Also, limited imports from Asia, the Middle East, and the US amid production issues in the region...
