In the German market, prices for the C xx solvent witnessed a bullish price trend during the period. This is attributed to the demand dynamics which remained up during the month and prompted the domestic market traders to continue the procurement. The demand from the downstream paints and coating industries improved, which encouraged the Cxx solvent prices to grow.
On the end-use industry side, the performance of the construction sector was not satisfactory while the automotive industry remained up. According to the data revealed by the Germany’s Federal Land Transport Authority (KBA), new car registration rose month on month basis in June xxxx, notably by x.xx and reached at xxxxxx units. Due to this the procurement and the offtake level from the downstream market improved. As a result, Cxx solvent prices rose this month notably by x.xxx and reached USD xxxx/MT FOB Hamburg....
