Hamburg, Germany: In recent market movements, Phenol prices have displayed varying trends in Asian and European regions, driven by different demand and production dynamics. Weak downstream demand and reduced production activities have been key factors influencing Phenol prices in the Asian and European markets, respectively. Throughout xxxx, tepid demand from downstream industries like Bisphenol A has dominated market sentiments, affecting Phenol prices on a broader scale. Meanwhile, global geopolitical developments have impacted crude oil prices, with escalating tensions in the Middle East driving a sharp increase. The US strikes on Houthi targets in Yemen and subsequent Pakistani military strikes on separatist targets in response to actions by Iran have contributed to this upward movement. Additionally, unexpected rises in US crude inventories reported by the American Petroleum Institute (API) have affected the supply side of the oil market.
According to the ChemAnalyst database, the prices of...
