Hamburg (Germany): For the past few weeks, prices of Fatty Alcohol have been consistently rising in the European market. Reductions in manufacturing across nations have exacerbated supply-side concerns for Fatty Alcohol manufacturers. According to market sources, Germany&#xx;s economic growth encountered a setback in June xxxx, primarily due to underperformance in its manufacturing sector. The composite Purchasing Managers&#xx; Index (PMI) declined in May, indicating a slowdown in overall economic activity, with the PMI just above the threshold of xx, which separates expansion from contraction. Additionally, the rise in freight charges amidst the container crunch has further pressured the price realizations of upstream raw materials required for Fatty Alcohol production.
The ChemAnalyst database shows that Fatty Alcohol prices increased by USD xx per ton by the week ending June xxst compared to prices at the start of the month in Germany. Germany&#xx;s economic slowdown impacts the stability of the...
