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Nonyl Phenol ethoxylates (NPE) market continued the stable trend since the past few weeks. The stability was maintained on the back of slow downstream offtake and declined production activities which led to a balanced market environment.
On the production side, manufacturers of NPE were constrained greatly in terms of sustaining notable levels of output in the week, owing mainly to escalating production expenses. Of specific importance in this regard was the steep increase in the price of feedstock Ethylene Oxide, which continues to remain a crucial input in manufacturing.
The substantial increase in prices for Ethylene Oxide put significant upward pressure on overall production costs of NPE, thus narrowing producers**; profit margins. The NPE prices settled at USD ****/MT FOB Gulf Coast USA in the week ending on **th July ****. This loss of production economics discouraged long-term high...
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