Mumbai (India): In the last few weeks, the price of Bisphenol S (BPS) in Asia has continued its bullish trend, driven by increased downstream demand and supply disruptions in China. Strengthened cost support from feedstock phenol and elevated crude oil prices also contributed to the rise. Despite a notable increase in average new home prices across xxx cities in March, total sales by value among xxx real estate companies saw a significant year-on-year decline in the first quarter, indicating ongoing challenges in the sector. The purchasing power of downstream products showed gradual recovery, supported by phenol and energy prices. Crude oil price surges, driven by positive US demand data and Middle East geopolitical tensions, further inflated BPS production costs. Incidents like attacks by Lebanese Hezbollah and Yemen&#xx;s Houthi group, along with US sanctions on Venezuela and potential interest rate cuts by the US Federal Reserve, continued to impact...
