Hamburg (Germany)- The prices of Toluene in the European market have continued to move downward due to a decline in the construction market and the proportional demand for Toluene from the paints and coatings sectors. Moreover, the most crucial factors having a direct impact on the prices of Toluene in the domestic market include naphtha and the energy prices required for its production. Gasoline inventories in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub increased. In the last few weeks, the European market has been witnessing a slump in naphtha prices, which has proportionally impacted Toluene prices. Quotations were observed at USD xxxx per MT, FOB Hamburg, in mid-Qx xxxx.
Recently, the German Construction Industry Federation (HDB) presented a more pessimistic outlook for Germany&#xx;s construction industry for the coming quarters of xxxx. Contrary to previous forecasts, the sector is now expected to shrink by xx this...
