Hamburg (Germany)- Toluene prices have risen in the German market due to increased demand from manufacturing units for various end-uses such as Toluene diisocyanate, disinfectants, thinners, paints, coatings, and other solvents. Several factors, including heightened production costs, steady solvent demand, constrained supply chains, and limited regional inventories, have impacted the final selling prices of Toluene. The European construction sector, which stabilized in the previous quarter, has shown signs of recovery, further boosting demand. Additionally, rising energy prices, colder temperatures, and increased natural gas and naphtha costs have influenced overall Toluene prices in the domestic market. As of the week ending February xxrd, Toluene prices in the German market stood at USD xxxx per MT, FOB Hamburg.
Wholesale gas prices in the European market displayed mixed movements, trading within a limited range despite anticipated colder weather, offset by sufficient inventories and subdued demand. The...
