Germany&#xx;s Propylene Glycol market exhibited limited but consistent upward price movement throughout June xxxx. However, this upward trend lacked strong market momentum, held back by weak demand, competitive overseas pricing, and ongoing logistical disruptions.
Prices rose gradually from USD xxxx per metric ton on June x to USD xxxx per metric ton by June xx, marking a cautious recovery of around x.xxx over the month.
Production operation was level, with domestic producers holding production levels backed by regular propylene oxide availability, the primary feedstock for Propylene Glycol. Demand lagged behind supply, and hence Propylene Glycol built in warehouses. The oversupply combined with sluggish offtake created oversupply conditions that hindered more significant pricing momentum.
Exporters were increasingly struggling to obtain fresh foreign orders, especially since buyers in Eastern and Southern Europe continued to purchase Propylene Glycol warily. At the same...
