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Last week, MX prices moved lower in the United States.
An sector source in the U.S. informed a Polymerupdate team member, "U.S. MX prices fell as weak buying interest and ample supply weighed on the market. Rising import arrivals heightened concerns over oversupply heading into June, prompting buyers to limit purchases to immediate standards. With trading activity remaining subdued, sellers offered material at greater competitive levels, adding further downward pressure on prices.”
MX prices were assessed at 397.00–397.10 cents/gallon FOB U.S. Gulf levels, week-on-week down (-29.00 cents/gallon).
Meanwhile, downstream PX prices were assessed at USD 1505–1515/mt FOB U.S. Gulf levels, up USD (+25/mt) from the previous week.
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