Germany- The Benzene prices in the European market continued to rise in the first week of February xxxx, maintaining the increasing trend in the regional market. Major factors impacting the overall prices of Benzene included increased production costs due to boosted naphtha prices and heightened demand from downstream sectors such as styrene, phenol, and other aromatics. The final prices of Benzene were observed at USD xxxx per MT, HOB Hamburg, for the week ending February xnd, reflecting a xx increase.
The United States remains the primary source of crude oil for the European market, which is experiencing disruptions due to geopolitical issues affecting oil and derivative prices. Refining margins in Northwest Europe have increased, and naphtha cracks in Europe have risen due to lower stocks, resulting in tight supply for Benzene production. Energy producers and traders are evaluating the higher costs associated with longer voyages...
