During the month of July, Italian consumption of Diisononyl Phthalate (DINP) drove significant volumes. Growing construction material demand throughout Italian markets and subsequently higher export potential into Poland kept the DINP markets elevated. Marginal consumption recovery of plasticized PVC derived out of DINP in Germany was observed last month, which further added on demand in July, yet that did not translate to construction activity on the ground previous months. In this context, DINP pricing continues to surge adding challenges as well as opportunities for the downstream PVC consumers.
The month of July began with increased production through German as well as Dutch markets as rainfall and flooding eased across the Rhineland, allowing logistics and supply situation to improve. Italian orders for deliveries were priced in the beginning around CFR Genoa at USD xxxx/MT, with no price corrections over previous deliveries. As the months progressed, spot orders...
