Hamburg (Germany): Butadiene prices have been on a firm footing during the third week of March xxxx, driven by high upstream costs and logistical snarls that inhibited the import flow of Butadiene. However, demand for Butadiene from the downstream derivative industry has shown steadiness this week. Most market transactions were mainly based on a need-on-demand basis. Market players brace for another hike in Butadiene prices in the coming weeks.
Market participants report that Butadiene prices have continued to rise in the German market. The cost side was one of the main drivers of the uptrend as feedstock Naphtha prices strengthened during this time frame. Furthermore, global crude oil prices surged by approximately xx to reach a four-month peak due to diminished crude exports from Iraq and Saudi Arabia, alongside indications of heightened demand and economic expansion in China and the US. Consequently, the escalation in crude...
