Ethylbenzene demand conditions remained subdued across major downstream industries. The construction sector faced additional pressure from persistent rainfall and flooding, delaying infrastructure and residential projects. At the same time, the U.S. housing market continued to struggle with affordability challenges caused by elevated home prices and high mortgage rates, further reducing demand for construction-related materials. Packaging demand also remained soft, with manufacturers reporting limited order inflows as consumer spending weakened. Lackluster performance across packaging and construction sectors dampened enthusiasm for Ethylbenzene procurement, prompting buyers to rely on existing inventories while restricting purchases to immediate operational requirements.
On the supply side, Ethylbenzene production remained stable despite rising feedstock costs. During July, ethylene prices increased by *.**, while benzene prices climbed sharply by **.**, significantly raising production costs for Ethylbenzene manufacturers. However, comfortable operating rates and steady production across Gulf Coast facilities ensured adequate product availability. Suppliers...
Leave a Comment
Comments (0)