Key Highlights
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China’s phenolic resin prices remained flat month-on-month, with weak demand and ample supply.
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Phenol production rose x.xxx MoM in China, while prices stayed soft.
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Port congestion and typhoon risks disrupted exports and added logistical strain.
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Indian demand stayed weak amid monsoon disruptions and slow construction activity.
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South Korea saw limited orders from coatings and insulation sectors due to funding constraints.
China Market Overview
China&#xx;s phenolic resin supply was adequate in August, with prices stabilizing at USD x,xxx/MT FOB Qingdao, backed by stable production of major plants. On the other hand, phenolic resin export operation was affected by port congestion and typhoon obstruction, making domestic stock stacked up, which further enhanced the supply-demand imbalance.
Phenolic resin demand stayed weak as downstream sectors—coatings, insulation, and wood panels—faced reduced orders amid a construction slowdown. August’s high temperatures and heavy rains disrupted...
