Hamburg (Germany)- Maleic Anhydride prices eased in June xxxx, as ample supply and weak demand persisted in Europe. Spot prices for Maleic Anhydride were assessed around FD Hamburg USD xxxx/MT and stabilized there since the beginning of July. On the other hand, upstream crude prices of Brent crude surged by xx.xx in June. The upward movement in prices of crude and the lowering of the number of commodity inquiries both indicate that demand for Maleic Anhydride has remained lower in the last month of Qx.
Maleic Anhydride prices previously surged in June xxxx in Europe on a xx MoM basis, as assessed by ChemAnalyst. This was largely due to the Brent crude index and subsequently, feedstock Butane prices eased by x.xx. The freight charges surged in June to newer heights, amid the geopolitical issues and the congestion at the regional ports delaying the shipment and putting the...
