Hamburg (Germany): Butadiene prices have persistently increased across the European market during the first week of March xxxx. Tightening supply conditions were the main driver behind the price rise, even though demand remained under pressure from economic challenges. Additionally, high energy and feedstock costs have further supported the prices to follow an uptrend in the regional market. Meanwhile, import prices have reached their highest levels as longer transit times and high shipping costs stemming from the Red Sea attack caused a series of notable hikes.
Prices of Butadiene have demonstrated an increment of USD xx/MT in the German market. The cost support from feedstock Naphtha was sufficient for Butadiene as its prices settled on the higher end in the domestic market. Furthermore, international crude oil prices gained as European diesel demand, constrained by Russian sanctions and shipping disruptions, pulled oil prices higher in a market jittery with...
