Key Highlights
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China鈥檚 phenolic resin prices remained flat month-on-month, with weak demand and ample supply.
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Phenol production rose *.*** MoM in China, while prices stayed soft.
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Port congestion and typhoon risks disrupted exports and added logistical strain.
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Indian demand stayed weak amid monsoon disruptions and slow construction activity.
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South Korea saw limited orders from coatings and insulation sectors due to funding constraints.
China Market Overview
颁丑颈苍补&#**;蝉听phenolic resin聽supply was adequate in August, with prices stabilizing at USD *,***/MT FOB Qingdao, backed by stable production of major plants. On the other hand, phenolic resin export operation was affected by port congestion and typhoon obstruction, making domestic stock stacked up, which further enhanced the supply-demand imbalance.
Phenolic resin聽demand stayed weak as downstream sectors鈥攃oatings, insulation, and wood panels鈥攆aced reduced orders amid a construction slowdown. August鈥檚 high temperatures and heavy rains disrupted...
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