With cotton crop estimates for the US and India increasing week after week due to the swift advance of harvest and surprisingly good yields, selling pressure eventually became heavy enough for December to break through important support ...
The spread between Asian styrene monomer and benzene widened to an 18-month high of $339.50/mt last Friday, as limited supply pushed SM prices higher amid a weakening benzene market. The last high for the spread was on September 19, 2011, ...
Tags: SM, benzene, styrene monomer
Stocks advanced to a new 21-month high yesterday, led by the banking and telecommunications sectors, as investors continued to chase higher-yielding investments. The market, which began the day sluggishly following a disappointing report ...
Tags: Stocks, banking sectors, telecommunications sectors, China
Asian benzene prices crashed through the $1,400/mt support level Wednesday, shedding $45/mt or 3.1% day on day to settle at $1,397.50/mt FOB Korea as factors supporting a bullish benzene market collapsed, market sources said. Benzene ...
Tags: Asia benzene sheds, Asian benzene prices, benzene market, Benzene prices
Asian benzene prices continued to edge up Wednesday to surpass the $1,450/mt psychological barrier on bullish buying sentiments, with morning pegs assessed at $1,462/mt FOB Korea, up $12.50/mt from Tuesday's close. Buyers were out in the ...
Tags: benzene prices, psychological barrier, bullish buying sentiments