Hamburg (Germany)- The Benzene prices in the European market plunged towards the end of April xxxx amidst the continuous decline in the prices of Naphtha, which is the primary feedstock required to produce Benzene. Major facets impacting the overall price variations of naphtha include the geopolitical distress occurring in the global market, accompanied by the sufficient stockpile availability in the domestic market, governing the final production cost of Benzene in the European market. In April, private sector activity in the Eurozone continued to improve, with the service sector experiencing a strong rebound, offsetting further contraction in the manufacturing industry.
Adding on to these factors, the demand outlook for Benzene from other monomer production units, such as styrene, remained under pressure at the end of April, significantly impacting the final selling prices of Benzene in the European market. In the week ending...
