Hamburg, Germany: In the European market, the challenging macroeconomic environment has persisted, impacting the dynamics of key chemicals such as Fatty Alcohol. Throughout xxxx, ongoing inflationary pressures have eroded the purchasing power of end-use industries, leading to weakened market fundamentals for Fatty Alcohol. Moreover, the reduced operating rates of manufacturing firms have begun to exert additional pressure on the supply side, further influencing market sentiments for Fatty Alcohol in Europe. Adding to the complexity, disruptions across the Red Sea resulted in a sharp increase in freight charges between Asia and Europe, driving up shipping costs for upstream Palm Oil, a crucial component in Fatty Alcohol production.
As per the ChemAnalyst data, Fatty Alcohol prices have shown an increment of approximately USD xx per ton in Germany in the week ending xxrd February. Over recent weeks, Fatty Alcohol prices have consistently increased in Germany&#xx;s domestic market. This rise...
