Texas, USA: The US Phenolic Resin market has observed stability in March xxxx, backed by steady procurement and firm support from upstream crude oil. Demand for Phenolic Resin from downstream construction, automotive, and other end-use industries has increased during this period, as indicated by the data.
The prevailing downward trend observed in previous months primarily stems from weakened demand for Phenolic Resin across downstream industries. However, current market conditions have seen some developments. Amid firm growth in the downstream automotive industry, the consumption of Phenolic Resin has increased in March. In the week ending on March x, xxxx, the price of Phenolic Resin was USD xxxx/MT.
According to industry players, improvement in market conditions was observed in the first quarter of xxxx. However, in the downstream construction industry, spending decreased surprisingly in January xxxx due to weakness in outlays on public projects. Additionally, the demand...
