Germany, (Hamburg): During the first week of April xxxx, Butadiene prices witnessed hefty increases across the European market, supported by soaring energy and feedstock prices and scarce import offers. However, purchasing activity has continued to slow down as unfavourable economic conditions in the regional market dampened end-user demand. Market participants expect firmer expectations for the coming weeks, pointing to bleak demand on one side and cost-push on the other.
Prices of Butadiene have demonstrated an increment of USD xx/MT in the German market. The feedstock naphtha prices have increased in the previous week, resulting in higher production costs of Butadiene in the domestic market. Additionally, global crude oil prices were extending gains, with Brent crude surpassing the USD xx/barrel mark, fuelled by escalating geopolitical tension in the Middle East, which could disrupt supply amid output cuts by OPEC and its allies. The strong crude oil prices have...
