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German Nonylphenol Ethoxylates Prices Progress Northwards in March 2024
German Nonylphenol Ethoxylates Prices Progress Northwards in March 2024

German Nonylphenol Ethoxylates Prices Progress Northwards in March 2024

  • 02-Apr-2024 4:56 PM
  • Journalist: Jung Hoon

Hamburg, Germany: After demonstrating a stable trend in the past few weeks, the prices of Nonylphenol Ethoxylates have settled higher in the last week of March 2024 in the domestic market of Germany. The rise in the upstream raw materials prices has been responsible for the upshift observed in the price realizations of Nonylphenol Ethoxylates. In addition, as per the market sources, For the first time in almost two years, demand for chemical products rose and there were more orders than in the previous month, strengthening the market sentiments for Nonylphenol Ethoxylates.

According to data from the ChemAnalyst database, prices for Nonylphenol Ethoxylates rose by USD 25 per ton in the week ending March 29, 2024. The inquiries from the downstream Personal Care industries have also moved in the northward direction, albeit at a slower pace. Furthermore, considering the upstream materials for Nonylphenol Ethoxylates, Oil prices have been slowly rising recently, partly due to worries that the conflict between Israel and Gaza could spread to oil-producing nations in the Middle East. However, Nonylphenol Ethoxylates price hikes have been relatively moderate because there haven't been any actual interruptions to oil production as a direct result of the conflict.

On the other hand, In February, there was a slight improvement in the business climate of the German chemical industry. The indicator increased to -15.7 points from -16.1 points in January, mainly due to better assessments of the current business situation of the manufacturing firms, including Nonylphenol Ethoxylates. LANXESS, a German-based specialty chemicals company, anticipates a modest uptick in its earnings for the ongoing year. In fiscal year 2023, the company reported group sales of €6.714 billion, representing a 17.0 percent decrease from the previous year's €8.088 billion. EBITDA pre-exceptionals fell by 44.9 percent to €512 million, compared to €930 million in the preceding year. The EBITDA margin pre-exceptionals went 7.6 percent, against 11.5 percent the previous year. Matthias Zachert, CEO, of LANXESS, said: “German chemistry and we at LANXESS have never seen a year of crises like this before. However, we are exerting every effort to navigate through this phase with as much stability as possible and to position ourselves favorably for when conditions improve once more.

According to the pricing intelligence of ChemAnalyst, the prices of Nonylphenol Ethoxylates might witness an upward trend across the regional market. The Nonylphenol Ethoxylates market players were optimistic about the boost in demand from the downstream markets. However, In Germany's industrial hub, labor disputes and growth worries are clouding the country's economic prospects, further pressuring the market fundamentals of Nonylphenol Ethoxylates.  

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