Hamburg (Germany): Toluene prices in the European market remained stable despite the ongoing increase in Brent crude oil and naphtha prices in the regional market. Manufacturers of toluene are striving to maintain a balance between supply and demand in the domestic market. The production cost of toluene is directly influenced by the overall cost of naphtha and crude oil prices in the domestic market. In the last two months, the global market has seen turbulence in crude oil prices, causing fluctuations in naphtha prices and greatly affecting the final prices of toluene. In the week ending March xxnd xxxx, toluene prices were observed at USD xxxx per MT, FOB Hamburg.
The Eurozone&#xx;s private sector came close to stabilizing this month, driven by a more pronounced return to growth in services. However, there remains a disparity between a stronger Southern Europe and ongoing weakness in France and Germany.
