Hamburg (Germany)- The Benzene market dynamics in the European market have continued to showcase the declining trend amidst the decreased production cost and weak demand. Several factors are influencing feedstock Naphtha prices, including global geopolitical tensions and abundant local inventories, which in turn impacted Benzene production costs in Europe. This situation has created a challenging environment for producers who are grappling with fluctuating raw material costs and the resultant pressure on their profit margins. As a result, the European Benzene market remains volatile, with producers and consumers closely monitoring geopolitical developments and inventory levels to navigate the uncertain landscape. The Benzene prices in the German market ranged between USD xxx to USD xxxx per MT, FOB Hamburg in the last week of July xxxx.
The decline in Benzene prices is primarily attributed to low demand, which hindered producers...
