Antwerp (Belgium): The Cumene pricing dynamics in the European market continued to move downhill amidst the declining demand for the commodity from the downstream and Cumene derivatives sectors such as phenol, acetone, MMA, Phenolic resins, and many more. The decline in the Cumene prices can be directly linked to the deteriotating demand sentiment. The Cumene manufacturers and retailers in the European market constrained themselves from increasing the prices as the number of inquiries was limited from the end-use manufacturing units.
Moreover, the supply chain for Cumene in the European market is restricted as the workers are planning to execute the strike. The employees are concerned because their employers have refused to make any concessions, instead citing their economic difficulties and competition with foreign ports. As of the week ending June xxth, Cumene market prices were reported at USD xxxx per metric ton, CFR Antwerp,...
