Hamburg (Germany): In late June xxxx, Toluene prices in the German market continued to decline due to reduced demand from downstream sectors, particularly Toluene diisocyanate (TDI). The weak demand for TDI from the polyurethane industries negatively impacted Toluene prices. Additionally, car sales in Germany dropped, leading to decreased consumption of polyurethane foam in the automotive sector and subsequently lower orders for Toluene components. Adding to this, the tight and reduced construction sector has impacted final demand and prices in the domestic market. As of the week ending June xxth, xxxx, Toluene prices were observed at USD xxxx per MT, FOB Hamburg, marking an overall decline of x.xx from the previous week.
The primary factors affecting Toluene prices in the domestic market are the costs of naphtha and the energy cost required for production. Recently, European naphtha prices have declined, contributing to the drop in Toluene prices. The...
