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US phenol values moved higher as month-end buying and a persistent short-term bullish bias tightened sentiment across Louisiana-delivered barrels. Early March saw buying strictly aligned with contractual volumes, and mid-month trading remained muted as domestic producers maintained steady run-rates. Late-month fundamentals were balanced limited spot interest, comfortable domestic availability and no systemic logistics disruptions yet a **-week bullish trend left a latent upside risk, encouraging sellers to defend levels. To avoid confusion between trade terms, this report treats the March benchmark as Phenol DEL Louisiana; comparisons to FOB flows are noted separately where relevant.
Phenol downstream appetite was broadly steady, with buyers limiting activity to contract coverage and routine spot barrels; this restrained inquiry underpinned a notable month-on-month increase in the delivered benchmark. The March DEL Louisiana assessment closed at USD ***.**/MT, up from a prior reference of USD ***.**/MT, reflecting stronger seller positioning...
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