Sawasdee – May 25, 2022

Economic slowdown pressuring; follow monkeypox outbreak

Market today
The SET has limited upside between 1,635–1,640 and is likely to weaken on concerns of an economic slowdown, in response to Tuesday’s US economic reports and monkeypox outbreak. Supports are at 1,622 and 1,610. Key to follow is the FOMC meeting on Wednesday in the US.

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Industry analysis
Petrochemicals – Aromatics spread up on feedstock shortage