Hamburg (Germany): The German Phosphonate market continues to showcase weakness, and prices noted a further downtrend in February xxxx. Phosphonate prices again dropped by x.xx in February owing to several reasons. The influx of cheaper goods into the domestic market of Germany, coupled with moderate demand from the downstream detergent, cleaning, and water treatment sector, has contributed to the sluggishness in the Phosphonate market. Amid weak demand across numerous European and non-European nations, operational rates among manufacturers have also decreased. European countries engage in both intra-European trade and trade with non-EU countries for phosphorus-based products such as phosphonate. Trade agreements, tariffs, and geopolitical factors have also impacted the flow of phosphorus products within Europe and between Europe and other regions.
Additionally, another reason for the price decline of phosphonates is raw materials costs. Phosphonates are generally derived from Phosphorus Trichloride, which is dependent on the phosphorus market....
