Hamburg (Germany): After a prolonged period of stagnation across the European market, the Ethylene Oxide market showed signs of firmer sentiments during the first week of February xxxx. The high raw material prices and insufficient inventories have supported the prices, leading to an uptrend in the regional market. Nonetheless, this has had a limited bearing on the prices of Ethylene Oxide. Prices of Ethylene Oxide have increased by USD xx/MT in the German market. Global crude oil prices have been strong amid geopolitical issues coupled with the bad weather in the US. Market sources report that Brent crude oil climbed to its highest level in more than two months last week, marking the biggest weekly increase of x.xx since the Israel-Hamas conflict erupted in early October. These factors have led to bullish market sentiments for Ethylene Oxide among the manufacturers.
In addition, the supply of...
