Hamburg, Germany: The prices of Phenol have been constantly rising in the domestic market of Germany since the start of February xxxx. The rising prices of upstream raw materials have been increasing the manufacturing costs of Phenol. As a result, successive price increments have been observed in the price realizations of Phenol. In addition to increased raw material prices, the lower operating rates of manufacturing firms in the last months have also exerted supply-side pressures.
The ChemAnalyst database has demonstrated that Phenol prices in Germany have risen by approximately USD xx per ton since the start of the month. Increasing raw material costs have resulted in successive price rises for Phenol. Additionally, this reduction in stocks was already anticipated by the market, which resulted in an increase in prices. The unexpected decline in production continued in February, causing a decrease in both production and stocks for this...
