Hamburg, (Germany): Phenol prices have been climbing steadily across regional markets since the onset of the second quarter of xxxx. This uptrend is primarily attributed to the escalating prices of upstream crude oil, which have directly impacted the price realizations of Phenol. Moreover, the European manufacturing sector is grappling with reduced activity, as a significant number of manufacturers have scaled back operations in response to persistent inflationary pressures. This reduction in manufacturing has intensified supply-side pressure, further driving up Phenol prices.
The ChemAnalyst database has shown that the prices of Phenol have demonstrated an increment of USD xx per ton in the domestic market of Germany on the week ending xxth April. The recent surge in upstream Benzene prices, along with the bullish trend in Crude Oil prices, has resulted in higher manufacturing costs for Phenol. To protect their margins, market players have been maintaining Phenol...
