Shanghai (China): Bisphenol S prices experienced a notable upswing in the Indian market, driven by robust demand in sectors such as automobiles and other end industries. This surge was further bolstered by the resilient cost support from the phenol feedstock, despite a decline in sulfur prices. The production of Bisphenol S, however, faced limited cost pressures from the decrease in sulfur prices. The domestic market&#xx;s dynamics were influenced by various factors, including the fluctuating upstream crude market, which witnessed volatility due to the crisis in the Red Sea and adverse weather conditions in the USA.
The cold weather in the United States not only impacted oil production but also disrupted the supply chain, causing extreme tightness in the US market. A winter storm exacerbated the situation, leading to freezing temperatures that affected power supply, resulting in reduced operating rates for many facilities. This winter storm also...
