Phenolic resin prices stayed stable globally during late July 2025 as low raw material costs, slow downstream demand, and high stockpile kept the market quiet. Seasonal disruptions and weak construction activity made traders cautious, with little change in spot interest.
In China, phenolic resin prices didn’t move much as demand from adhesives and laminates remained poor. The construction sector stayed slow, and furniture manufacturing also saw limited activity. Weak housing sales and bad weather across key provinces further reduced resin use in related applications.
Raw materials like phenol and acetone remained cheap due to low crude oil prices and steady supply. Producers kept running at regular rates, but with few new orders, stockpiles stayed high at both factories and warehouses. Fog at Qingdao port delayed some shipments, leading to a pile-up and slowing exports.
Most buyers in China were cautious and only bought what they needed for existing contracts. Phenolic resin demand from other countries also stayed low, especially from India and Southeast Asia, where heavy rain disrupted construction and reduced imports, adding to the weak market mood.
In South Korea, demand for phenolic resin stayed low as makers of adhesives and laminates faced fewer orders because the housing market was quiet. Ongoing delays and a lack of new construction projects kept orders low.
Exports were weak too, since Southeast Asian buyers slowed purchases due to bad weather. Local Phenolic resin producers cut back production and remained careful due to the uncertain market conditions.
India followed a similar path, with low demand from coatings, laminates, and construction sectors. Rain, floods, and labor issues held back building work and cut resin usage. Confidence stayed low, with few spot deals and no signs of a pickup anytime soon.
In Germany, Phenolic resin production stayed stable, but weak demand led to rising inventories. Port congestion in Hamburg made things worse, delaying shipments and creating extra storage problems. With raw material prices still low and no strong signs of recovery, buyers stayed inactive and only covered immediate needs.
Construction activity in Europe continued to shrink, especially in housing and commercial projects. Orders were down, and confidence remained low across industries that use phenolic resin in furniture and structural materials.
In the U.S., Phenolic resin demand was steady but quiet. High mortgage rates slowed housing activity, and public infrastructure spending offered little boost. The auto sector gave a small lift, and exports held up, but domestic buying stayed cautious.
Looking ahead, traders are expected to remain careful into August. Phenolic resin demand in Asia may stay weak due to weather, while Europe and the U.S. could see a slight improvement as Q4 preparations begin.
