In March xxxx, Cx and Cxx solvent prices displayed a contrasting prices trend in the global market. Local production level, downstream demand dynamics and the availability of material mainly shaped the price trend. While prices for the Cxx solvent appreciated in the major market, driven by the shortage of the inventory, Cx prices remained weak, supported by the higher availably, sluggish demand and the low production costs.
In the European market, Cxx solvent prices took a sharp rise in March xxxx. In Germany Cxx solvent prices increased by x.xxx and reached at USD xxxx/MT FOB Hamburg. Demand conditions, however, remained positive mainly from the downstream paints, coatings and the adhesive manufacturing industry due to the shortage of inventories. Despite the end use of automotive and construction industries, performance was sluggish during the period coupled with weak sales order and rising uncertainty in the trade conditions. German...
