Hamburg, (Germany): Despite the persistent sluggishness in buying sentiments, butadiene prices across the European market have witnessed a fresh round of increases. Manufacturers are pointing to rising upstream and freight costs, as well as reduced import availability, to justify their attempts to hike prices. In addition, the Red Sea crisis shows no sign of abating, with air and sea strikes by the US and UK on Houthi targets in Yemen deepening maritime logistics problems, further affecting the pricing dynamics of several commodities, including butadiene.
After experiencing a period of stagnancy in the previous week, butadiene prices have shown an increment of USD xx/MT in the German market during the last week of January xxxx. The raw material naphtha prices have increased this week, resulting in the high production cost of butadiene within the domestic market. On the upstream front, international crude oil prices increased by more than...
