Heightened Demand from Downstream Enterprises Drives Up Aniline Prices in Europe

Heightened Demand from Downstream Enterprises Drives Up Aniline Prices in Europe

Jacob Kutchner 26-Jun-2024

The Aniline prices increased by x.xx in the European region during June xxxx. The demand for Aniline was firm from the Pharma sector. Merck KGaA announced its financial results for the first quarter of xxxx, revealing a xx growth in sales compared to the previous year. However, group sales totaled x.xx billion euros (USD x.xx billion) in Qx, reflecting a x.xx decline from the same period in xxxx, attributed to foreign exchange factors, particularly the Chinese Renminbi, which had a negative impact of xx on the overall sales figure.

On the other hand, Aniline demand was stable for Aniline from MDI producers for consumption in the Polyurethane segment. Housing activity continued to be the weakest performing sector, though the pace of decline eased to its slowest in eight months. Commercial building projects saw a significant and unchanged decrease from the previous month. A factor contributing to the...

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