The global price of raffinate saw mixed results in May xxxx. China saw a minor price increase despite continuous port congestion and production cuts, while U.S. prices declined due to lower feedstock costs and weaker demand. The global raffinate market is struggling with supply issues and fluctuating demand for fuel blending, as seen by other markets&#xx; stable or declining trends.
Raffinate prices decreased x.xx in May xxxx in the United States to USD xxx per tonne. The decrease was primarily due to a sharp drop of x.xx in naphtha as energy markets weakened and overall petrochemical demand remained weak. While the Gulf Coast experienced some refinery issues and there was a small seasonal pickup in gasoline blending demand, the overall outlook for U.S. raffinate remains soft. U.S. imports from Brazil also followed this downtrend for raffinate, with high costs...
