The first week of February xxxx witnessed a period of price stability for Phenol in the United States. This stability, according to market participants, was attributable to a balanced interplay between supply and demand for Phenol. This equilibrium was further strengthened by a decrease in overall global trading activity.
While the domestic demand for Phenol remained weak, leading to low operating rates among the producers, the existing supply proved more than adequate to meet downstream needs. This was largely due to the fact that procurement for the month had already been completed, resulting in sufficient inventory levels to absorb any immediate supply shocks.
The reduced level of global trade activity further contributed to the price stability with FOB Louisiana prices remaining steady at USD xxxx/MT. Reduced trading volumes minimized price volatility, reinforcing the balanced supply-demand relationship. However, the impact of Winter Storm...
