Hamburg, (Germany): The European Ethylene Oxide market fades under a weaker sentiment post the summer, unable to maintain the gains achieved over the past two weeks. The Ethylene Oxide prices have been seesawing between soft demand and ample supplies. Participants have been exercising caution amid persistent economic challenges, with no recovery seen in post-summer holiday demand. Current weak market sentiments have pushed most sellers to lower their offers, with buyers prioritizing the restocking of immediate requirements. Conversely, in the US Ethylene Oxide prices have persistently increased due to a combination of tight supply and slight improvement in the demand dynamics. In addition, the rising upstream cost has put additional pressure on the prices of Ethylene Oxide.
During the third week of September, prices of Ethylene Oxide have witnessed modest decline of USD xx/MT in the German market. The demand for Ethylene from the downstream derivative industry...
