In March xxxx, the Aniline price trend shifted in Europe, and prices witnessed an increase of xx due to a surge in demand from Asian importers because of increased consumption rates from the dye and pigments industries. The demand for dyes and pigments surged from end users in the Asian market during the second half of the month for the spring festival. As per the sources, new orders improved in the European region from the last month.
However, the Eurozone&#xx;s Manufacturing Purchasing Manager&#xx;s Index declined again like the previous month in March xxxx and remained below xx, indicating a further slowdown in manufacturing sector activities. Initially, Aniline prices were decreasing as the market sentiments were underwhelming and inventories were amply available due to sluggish offtakes from the buyers. Aniline demand was low from the domestic downstream industries due to the hike in production costs, as the European...
