May 2026 German C10 Solvent prices moved firmer as buyers faced tighter availability and higher upstream cost pressure. Early-month activity was robust for cover, while mid-month crude and naphtha dynamics pushed sellers to seek firmer FOB levels. Late-month logistical friction at ports, with growing purchaser willingness to secure cargoes, sustained a constructive negotiating tone. Market participants described a firm-to-bullish sentiment as supply-chain constraints and elevated feedstock risk underpinned spot discussions across regional hubs. Demand patterns remained supportive, with coatings and adhesives driving activity; automotive demand was steady but softer. Export inquiries from neighbouring markets helped absorb flows, and stronger order intake ahead of Q3 kept negotiations tilted toward sellers. Upstream cost dynamics and logistics shaped pricing, with refinery margins pressured by crude volatility and port bottlenecks delaying flows. Looking ahead, a modest pullback is anticipated, followed by gradual stabilization into autumn and a rebound, subject to geopolitical and logistical developments. Buyers and sellers remain cautious, prioritizing short-term coverage.
