The Phenol market in Europe saw a clear downward trend as June began especially in Germany where prices fell sharply due to weak demand and low trading activity. This price drop came as a result of limited spot buying and softer demand from major downstream sectors. Buyers were cautious making only necessary purchases to avoid risks from uncertain market conditions. This conservative buying approach further reduced trading volumes in the Phenol market.
The Phenol market was also affected by ongoing concerns about potential tariffs and trade barriers which led to uncertainty and kept buyers from building up large inventories. Instead, they continued to focus on short-term or spot-level purchases.
Supply levels for Phenol in Europe were relatively stable but on the higher side. With demand staying low this added more pressure on suppliers to reduce prices in order to get...
