Hamburg (Germany): In the European market, challenging economic conditions have continued to affect key chemicals like Fatty Alcohol. In xxxx, persistent inflation has reduced the purchasing power of industries using Fatty Alcohol, weakening its market fundamentals. Lower manufacturing rates have also tightened supply, impacting Fatty Alcohol in Europe. Furthermore, disruptions in the Red Sea have increased freight charges between Asia and Europe, raising shipping costs for Palm Oil, crucial for Fatty Alcohol production.
According to the ChemAnalyst database, Fatty Alcohol prices in Germany rose by about USD xxx per ton in the week ending May xrd. Prices have been consistently rising in Germany due to lower manufacturing rates, leading to limited stock availability. Reduced Palm Oil stocks in Indonesia and Malaysia have also driven up Palm Oil prices. Despite efforts, the Indonesian Palm Oil industry struggles to meet European and U.S. regulations. However, demand from the Personal...
