US’s chemical markets were expected to remain weak after a recent fall because the production and delivery of dangerous chemicals in Shanghai were restricted as anti-pollution moves during the five-day US International Import Expo. The prices of petrochemicals, monoethylene glycol and styrene monomer fell to new lows. Global trading volatility together with a stronger China dollar might help to keep sentiment low. However, market sentiment could recover if more offtakes at nearby ports create lower inventories.
China’s chemical markets were expected to remain weak after a recent fall because the production and delivery of dangerous chemicals in Shanghai were restricted as anti-pollution moves during the five-day China International Import Expo. The prices of petrochemicals, monoethylene glycol and styrene monomer fell to new lows. Global trading volatility together with a stronger US dollar might help to keep sentiment low. However, market sentiment could recover if more offtakes at nearby ports create lower inventories.