Genoa (Italy): Diisononyl Phthalate (DINP) witnessed strong buying activities in March, with prices rising by xx monthly. This significant price acceleration was supported by a multitude of factors, with the primary driver being the increasing crude and gas prices in Europe and Germany, partly due to oil output shortages and growing demand for natural gas from the Asian region. Market intelligence suggests that strong inventory pressure persists in Europe despite elevated interest rates and inventory trimmings undertaken in FYxx. Furthermore, challenges in the Suez and Panama Canals are reducing the flow of trade between Asia, the Americas, and Europe. In this context, the improvement of DINP prices is crucial for the European chemical industry.
In European markets, DINP prices follow cyclical patterns, with an increase in demand alternately triggering price escalations, particularly in the PVC supply chain for customized products, especially in the construction sector. In December...
