Germany, (Hamburg): After experiencing firm pricing over the past few weeks, Ethylene prices were poised to end March on a softer note across the European market, despite high upstream and energy prices. Market reports indicate persistently subdued market fundamentals amidst geopolitical risks and dwindling end-sales, which kept price hikes in check as discounts were applied to deals. Market participants expect softer Ethylene prices in the upcoming weeks, citing a weak demand outlook and potential relief in supply.
According to the latest data from ChemAnalyst, Ethylene prices have significantly declined in the German market, with buyers remaining on the sidelines amid muted derivative orders. Demand for Ethylene from the downstream Polyethylene industry has remained average within the domestic market, as consumption from end-user packaging and the plastic industry has slowed down towards the end of March xxxx. Consumers are expressing readiness to wait for the arrival of import...
