Heavy Aromatic Naphtha solvent Pricing in the North American region have stayed buoyant throughout the first quarter of 2022 on the back of soaring upstream crude value. The increased raw material costs became a burden when the West Texas Intermediate (WTI) crude prices reached their record heights, costing more than USD 123 per barrel on March 8th, pressuring the downstream solvent players. To sustain their margins, the regional manufacturers implemented frequent price revisions in the region. However, stable demand fundamentals kept the Heavy Aromatic Naphtha Solvent prices from rising further in the domestic market. Accordingly, the United States price discussions for the solvent closed between USD 910 per MT towards the quarter ending March.

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