Hamburg (Germany)- The Benzene prices in the European region showcased declining trend in the first week of April owing to the relevant supply availability in the domestic market, accompanied by continuous demand volume from end-use manufacturing units for Benzene. The gap between the demand and supply of the chemical commodity toward Benzene end-use manufacturing units widened as the production rate in the regional market exceeded demand. By the week ending April xth, Benzene prices in the German market witnessed a subtotal decline of x.xx, with price quotations reaching USD xxxx per MT, FOB Hamburg.
Naphtha (a major feedstock for Benzene) prices in Europe have significantly dropped in comparison to Asia, leading to an increase in the shipment of European naphtha cargoes to the East. Market experts and participants stated that inflation in the Eurozone continued to decline gradually, reaching more than...
