果酱视频

Key Highlights

• U.S. phenol prices fell sharply, because of oversupply and poor downstream demand.
• Production rates were greater than the market offtake in terms of supply in the U.S., leading to rising inventories and reduced flexibility on the seller side.
• These trends encompassed continued sluggish demand from Bisphenol A and phenolic resin markets, reducing transaction volumes.
• Meanwhile, falling prices for benzene feedstock damaged production margins, contributing to bearishness.

During the first week of September ****, the U.S. phenol market took a notable dive, along with supply and demand shifting out of balance. With operating rates at production facilities remaining high, in the face of inadequate offtake from the markets, reports from industry players suggested inventories swelled, and sellers had little option but to run up systemic warehousing. Adding to the declining Phenol trend was weak downstream demand (BPA and phenolic resins) that could not establish an adequate pace of purchasing. Overall,...