The European producers reduced their Glycol Ether prices by x.xx in the first half of June xxxx amid ample availability of supplies with moderate to low demand from buyers and importers. Glycol Ether orders from the international market diminished amid a decline in imports from Asian importers due to weak consumption in the FMCG sector. In the Consumer Brands division, total sales decreased nominally by x.xx to x,xxx million Euros compared to the previous year. However, organic sales, adjusted for currency effects and acquisitions/divestments, rose by x.xx. Pricing remained strong, but volume declined slightly due to ongoing portfolio adjustments. Foreign exchange fluctuations decreased sales by x.xx, and acquisitions/divestments further reduced sales by x.xx.
At the same time, Glycol Ether offtakes were moderate amid the decline in the stocking practices from the buyers, and the market experienced consistent availability of stocks amid optimum operating rates at manufacturing facilities....
