Hamburg (Germany): Ethylene prices have risen across the European market during the third week of February xxxx. Rising energy and feedstock prices, along with a total absence of Asia-origin shipments, have reinforced market sentiments for Ethylene in the region. However, demand from the downstream derivative industry has not yet recovered amid economic uncertainties, though it had a minimal impact on Ethylene prices. Overall, the market fundamentals of supply and demand remain weak. Additionally, market direction in the near term is unclear, caught between cost escalations on one hand and flat demand on the other.
Prices of Ethylene have substantially risen in the German market. Persistently increasing feedstock Naphtha prices have led to higher production costs for Ethylene, supporting an uptrend in domestic market prices. On the upstream front, international crude oil prices settled higher as geopolitical tensions in the Middle East Asia (MEA) offsets forecast availed by...
