Hamburg (Germany): After experiencing an uptrend in the previous week, ethylene prices dropped in the third week of April despite persistent supply shortages in the regional market, reflecting bearish sentiment in the European ethylene market. Since the beginning of April xxxx, feedstock prices have consistently declined, contributing to the downward shift in product price realization. Additionally, demand for ethylene has shown no signs of improvement across the regional market, further weakening prices.
On the other hand, the downturn in petrochemicals continues to heavily impact the European market, as two of the continent&#xx;s largest petrochemical makers have planned to shut down their ethylene plants. According to ChemAnalyst&#xx;s latest database, ethylene prices have declined by USD xx/MT in the German market. The cost pressure from feedstock naphtha on the product has been limited as naphtha prices continue to drop, driving down product prices in the domestic market.
