Texas (USA): Cumene prices in the US market continued to gain strength as the prices increased approximately by x.xx owing to the increased production cost and the looped demand outlook for the commodity from the end-use manufacturing units. The demand for cumene from acetone, Bisphenol A, pharmaceutical, paints, and coating sectors have showcased fluctuating market dynamics compelling the cumene manufacturers to keep the prices on the higher edge. On the week ending January xxth, the acetone market prices were observed at USD xxxx per MT, FOB Louisiana showcasing the better number of inquiries about Cumene in the US market.
The repercussions of the Red Sea diversions have now extended into the energy markets. Despite ongoing military interventions by the U.S. and its allies against Houthi rebels, shipping experts anticipate that the crisis may persist for several months, potentially resulting in a shortage of cargo containers....
