Phenol markets in the USA and China displayed a divergent price trend during the fourth week of May. While China witnessed a clear upward movement in Phenol prices the USA market remained stable with no major changes. The difference in price behavior between the two regions was shaped by several market-specific factors including trade activity, diplomatic developments and logistics-related costs.
In China Phenol prices saw a rise of x.xx supported by improved import volumes and renewed activity in the spot market. A more active trading environment was observed as diplomatic tensions among major Asian economies began to ease. This easing of tensions helped increase confidence among buyers leading to steadier transactions across various regional markets. Exporters from South Korea and Japan responded to the improving market sentiment by ramping up their exports. They capitalized on the stable trade situation especially during...
