Hamburg (Germany): Over the past few weeks, Phenol prices have continuously declined in Germany&#xx;s domestic market. The offtakes from downstream Bisphenol A industries have not improved, leading to bearish market sentiments among Phenol manufacturers. Despite efforts to address supply chain bottlenecks, the German manufacturing sector is still experiencing a slowdown due to diminishing demand. Despite lower inflation from recent European Central Bank policy measures, subdued demand in the construction sector has prevailed, negatively impacting Phenol market sentiments. Consequently, manufacturer quotations have declined accordingly.
According to the ChemAnalyst Database, Phenol prices dropped by approximately USD xxx per ton by the week ending xxth May compared to prices in the middle of the previous month. Market sources indicate that downstream Bisphenol A industries reportedly showed reluctance to procure as they already had sufficient availability of finished Phenol stocks in their inventories. Additionally, lower Benzene prices have eased manufacturing costs...
