Hamburg (Germany): After witnessing a bearish rally in the past two weeks, Ethylene prices have gained upward momentum across the European market in the first week of May xxxx, supported by high raw material prices. While producers failed to achieve margin expansions despite reduced supply and run rate cuts, more was needed to tip the scales in their favour amid weak downstream demand. According to ChemAnalyst&#xx;s latest database, prices of Ethylene have increased by USD xx/MT in the German market.
The cost support from feedstock naphtha was sufficient for Ethylene as its price settled on the higher end in the domestic market, contributing to an upward shift in the price realization of Ethylene. On the other hand, following previous downswings, crude oil slid below and remained under the USD xx/bbl threshold.
However, Brent futures recorded an increase of nearly USD x/bbl in the latest...
