Hamburg (Germany): In the first week of June xxxx, the market for Phenolic Resins exhibited divergent trends between Germany and China. In Germany, Phenolic Resins prices remained stable at USD xxxx/MT, FOB Hamburg, with market conditions characterized by moderate supply and low to moderate demand from the construction and automotive sectors. Despite declining prices of upstream Phenol, the market saw limited movement as manufacturers hesitated to adjust prices amidst tepid demand. The European construction industry faced significant challenges, including labor shortages and reduced production, contributing to subdued demand for raw materials like Phenolic Resins.
In Germany, the stable prices of Phenolic Resins reflect a cautious approach by manufacturers amidst challenging market conditions. With the construction industry facing labor shortages and reduced activity, demand remains muted despite ample supply. Upstream price trends, including fluctuations in Benzene and LNG costs, are expected to influence future pricing dynamics, while uncertainties...
