Hamburg (Germany): Benzene prices in the European market remained unchanged from the previous week following a series of significant increases. The previous weeks saw a sharp rise in prices due to increased demand from industries using styrene, phenol, and other solvents, as well as rising production costs domestically. The surge in demand for aromatics and styrene affected Benzene prices, with manufacturers having to maintain higher prices to balance supply and demand and cover production costs. The price quotations of Benzene in the European market were observed at USD x,xxx per MT, FOB Hamburg, for the week ending March xth, xxxx.
The Manufacturing PMI increased slightly to xx.x in February xxxx from the initial estimate of xx.x, indicating a contraction in the manufacturing sector. Production declined, and new orders decreased at a faster rate due to lower domestic and international sales, resulting in fewer backlogs and job...
