Louisiana (USA)- Cumene price quotations remained stable trend compared to the previous week, as Cumene manufacturers were able to maintain a balance between production costs and demand outlook from end-use manufacturing units (Methyl Methacrylate (MMA), Bisphenol A, phenol, and other solvents). By the week ending February xth, Cumene market prices stood at USD xxxx per MT, FOB Louisiana, indicating stability and hope among Cumene manufacturers for increased inquiries in the upcoming weeks in the US market.
The US economy continues to show resilience, in contrast to the challenging outlook for the chemicals sector. Oil prices maintained their gains despite higher-than-expected inflation in January. The IMF raised its xxxx global GDP growth forecast to x.xx, up from x.xx, largely due to the improving US outlook. However, chemical companies&#xx; Qx guidance following Qx earnings calls suggests a difficult start to the year. Low inventory levels are benefiting sellers in...
