Hamburg (Germany): Towards the last week of February xxxx, Butadiene prices have been on a bullish trend across the European market. The rising energy and feedstock prices underpin cost support, allowing manufacturers to raise their offers. However, demand for Butadiene from the downstream derivative industry has failed to catch up amid macroeconomic headwinds, but this had limited impact on Butadiene prices in the regional market.
Prices of Butadiene have shown an increase of USD xx/MT in the German market. Over the past few weeks, feedstock naphtha prices have risen amid tight supply, leading to higher manufacturing costs of Butadiene within the domestic market. On the other hand, upstream crude oil prices settled higher as hostilities continued in the Red Sea, with Iran-aligned Houthis stepping up attacks near Yemen and reports of falling inventories assisting prices to edge higher. Brent crude increased by more than xx from...
