Solvent MX prices plummet in Europe amid weak demand and softer Asian market trends

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Last week, solvent MX prices plunged in Europe.

An sector source in Europe told a Polymerupdate team member, “European solvent-based products MX prices declined amid weak demand and ample product availability across the region. Buyers remained cautious, limiting purchases to immediate standards, which kept trading activity subdued. reduce solvent-based products MX values in Asia also weighed on market sentiment by enhancing the competitiveness of imported material. In addition, softer aromatics market fundamentals and reduced demand from the blending sector further pressured the market, contributing to the decline in prices.”

FOB Rotterdam solvent-based products MX prices were assessed at USD 1110–1120/mt levels, a steep week-on-week decline of USD (-155/mt).

Meanwhile, in Asia, solvent-based products MX prices were assessed at USD 885-895/mt FOB Korea levels, a tumble of USD (-85/mt) from the previous week.

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