Hamburg, (Germany): Butadiene prices have been stable or hovering at a slight lower end across the European market since the first week of August xxxx. This price drag pointed to a slowdown in buying interest and a gradual ease of upstream cost, casting a shadow over the market outlook. Even though surging freight rates have still provided the markets with robust cost support, sellers have failed to raise their offers due to weakening supply-demand dynamics.
During the week ending on xnd August, Butadiene prices declined by USD xx/MT in the German market. From the last few weeks, feedstock Naphtha prices have been decreasing followed by soft crude oil prices resulting in the low production cost of Butadiene in the domestic market, leading to a bearish market sentiment among the Butadiene manufacturers. Thus, prices of Butadiene FD Hamburg were settled at USD xxxx/MT during the same time...
