Germany, (Hamburg): Ethylene prices have rebounded across the European market during the first week of July in the wake of supply constraints, which alleviated the impact of tepid downstream demand in the regional market. Furthermore, a recent bullish rally in the upstream market has further supported the current pricing trend of Ethylene.
According to ChemAnalyst latest database, prices of Ethylene have showcased an increment of USD xx/MT in the German market. The feedstock Naphtha prices have increased followed by strong energy prices which resulted in the high production cost of Ethylene in the domestic market, leading to a bullish market sentiment of Ethylene among the manufacturers. Additionally, Brent crude oil prices have hit their highest level holding above $xx a barrel after the previous day showed a decline in the US inventories. On the other hand, European natural gas futures rose by about xx, exceeding €xx.x...
