Antwerp (Belgium)- The Cumene prices in the European market have continued to rise steadily due to increased demand from end-use manufacturing sectors such as food, pharmaceuticals, cosmetics, personal care, and paints and coatings. Moreover, the tight supply of toluene and other petrochemical products in the European market has raised concerns among Cumene retailers and suppliers, leading to a continuous rise in Cumene prices.
This increase in Cumene prices is attributed to the limited supply from manufacturers and the stable availability of feedstock necessary production to meet the demand from sectors such as MMA, personal care, adhesives, and solvents in the domestic market. Propylene, essential for Cumene production, is seeing a more balanced spot supply due to the restart of a significant derivative unit and some production issues with crackers. On the week ending May xxth, the price quotations of Cumene were observed at USD xxxx per...
