Global aromatics price correction to extend into Q3-Q4:sources

摘要

London-Global aromatics prices were set for further price corrections as the weight of the global economic downturn takes hold,several aromatic traders said.With energy and derivatives markets no longer supported by fundamentals,participants have adopted a bearish outlook for the remainder of the third quarter and Q4 2008.The only support was from geopolitical considerations,but any spike in price would soon be limited with fundamentals soon coming to bear to bring sellers back into the market with little or absent buy interest,sources said.