Hamburg (Germany)- Acetone prices in the European market remained stable in the last week of December, impacted by slow demand from downstream sectors such as Methyl Methacrylate, Bisphenol A, and other solvents. Continued geopolitical conflicts among nations have affected trade routes and schedules for delivering essential upstream components like crude oil and naphtha gas. This has caused delays and raised shipping costs for Acetone. The significance of Red Sea shipments has increased due to sanctions imposed by Europe and the United States on Russia, leading to a noticeable rise in the quantities of diesel and crude oil being transported northward. Decreasing fuel demand has discouraged numerous European refineries from investing in their facilities, causing asset deterioration and some closures. Nevertheless, those able to remain operational can still achieve exceptional short-term profit margins for Acetone.
As of the beginning of xxxx, the European chemical industry finds...
