Key Highlights-
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Higher material availability in the local market.
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Importing prices declined from the key overseas market.
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Improved local manufacturing coupled with the low energy costs, restricting any upward rise in the TEG prices.
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With no strong demand for side drivers, the overall market environment for TEG remained low.
TEG supply across the German market remained high amidst the existing inventory levels at the higher side. At the same time, import prices from the key producing nations declined, supporting the supply rise during the period. Additionally, improvement in the local manufacturing activity and the low energy costs also added softness to the domestically manufactured TEG. In August ****, average electricity prices across major European nations fell below 鈧�**/MWh, showing lower power demand and the prices for TTF gas hitting their lowest monthly level since August ****. However, INEOS Group...
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