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Downturn in China's phenol market causes Asian prices to plummet

 Last Update: 2021-04-27
 Source: Internet
 Author: User

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[China Epoxy Industry Online] News from April 11, 2005: Asia’s largest importer of phenol-China is facing a sharp decline in domestic demand, causing prices to plummet by 900 yuan/ton (110 yuan) in just two weeks.
USD/ton).

The decline in the market driven by low end-user demand and high inventories has made the prospects for Asian prices even more bleak after the quagmire of uncertainty due to the launch of four new installations in Asia.

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