Louisiana (USA)- Cumene prices remained steady compared to the previous week, with manufacturers carefully managing production costs in response to demand from various end-use manufacturing sectors such as Methyl Meth Acrylate (MMA), Bisphenol A, phenol, acetone, and other solvents. One of the key factors influencing Cumene prices is the stability in benzene prices in the domestic market. By the week ending April xxth, Cumene market prices were recorded at USD xxxx per metric ton, Free on Board (FOB) Louisiana, reflecting stability and manufacturers&#xx; confidence in receiving increased inquiries for Cumene in the US market in the upcoming weeks.
The current low inventory is advantageous for the sellers, despite a slight decrease in mortgage rates. High home prices are dissuading potential buyers, and further rate reductions could stimulate market activity. This is particularly relevant for the paints, pipes, and coatings sector, as a decrease in demand for MMA...
