Hamburg, (Germany): With the start of the third quarter of xxxx, Phenol prices in the European market experienced an upward trend. This increase was driven by rising costs of upstream Benzene and higher Crude Oil prices, leading to increased manufacturing expenses for Phenol. Additionally, lower production rates in previous quarters contributed to supply constraints. Furthermore, during the first half of xxxx, Germany&#xx;s chemical industry, which includes Phenol manufacturers, reported sales amounting to xxx billion euros ($xxx billion). This represents a xx decrease from the xxx billion euros recorded in the same period the previous year, according to the industry association VCI.
According to the ChemAnalyst database, Phenol prices in Germany&#xx;s domestic market rose by USD xx per ton by the week ending xxth July xxxx compared to the beginning of the last month of the second quarter of xxxx. The recent sharp rise in...
