Free Phenol Pricing Trend and Forecast New York
- Location: New York, New York, NY
In the quarter ending December, North America witnessed a continuous decline in demand amidst the appreciable improvement in the Phenol Pricing. After the Ida hurricane in Q3, supply improved gradually with resumption in plant operations. Plant operating rates almost reached normally by Q4 leading to ample product availability. Seasonal slowdown in demand especially from the paints and coatings and automotive sector plummeted the demand for solvents in North America. Furthermore, export inquiries also remained low due inventory build-up in various countries. However, in late-December, inquiries again increased which stabilized the declining trajectory of Phenol in the regional market. Phenol FOB prices in USA were assessed at USD 1470 per MT in December.
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