Hamburg (Germany): The prices of Tertiary Butyl Alcohol in Germany have remained stable during the last two weeks of May xxxx as market dynamics have balanced out. In terms of production, weak support was observed from the upstream Naphtha market. International crude oil futures have continued their downward trend, with crude oil declining for four consecutive trading days. WTI crude oil has fallen to its lowest point in nearly three months. This decline is primarily due to the high-interest rate environment in the United States, which has pressured demand. Additionally, bearish US inventory data and decreasing geopolitical risk premiums have contributed to the drop in prices.
The demand outlook for Tertiary Butyl Alcohol appears to be improving due to increased inquiries from the downstream solvents industry domestically. Other European markets also experienced marginally increased consumption of Tertiary Butyl Alcohol as consumers worked to replenish their...
