Hamburg (Germany): After experiencing a period of stagnation in the previous week, Butadiene prices have gained upward momentum across the European market during the second week of February xxxx. The supply of Butadiene has decreased significantly over the past weeks due to reduced regional production along with diminished imports from the US and Asian markets, which have escalated the prices of Butadiene. In addition, demand from the downstream synthetic rubber industry has started to improve across Europe. Moreover, high energy and feedstock prices have further exacerbated the upward pressure on the prices of Butadiene.
In the German market, Butadiene prices have increased by USD xx/MT. The rise in Naphtha prices over the past two weeks has led to higher production costs for Butadiene in the domestic market. On the upstream front, international crude oil prices settled higher by about xx on a week-on-week basis, driven by concerns...
