US Phenolic Resin Prices Rise on Tight Supply and Surging Feedstock Costs

Demand for phenolic resin from downstream laminate, coating, and plywood adhesive sectors remained moderate but cautious throughout April xxxx amid selective construction activity and elevated project costs. Overall U.S. construction starts had declined by xx.xx, reflecting uneven market conditions despite continued activity in infrastructure and select multifamily projects. At the same time, tariffs of xxx on steel, aluminum, and copper products significantly raised construction costs, while derivative metal products faced xxx duties and industrial equipment carried xxx tariffs. Additionally, nonresidential construction input prices surged at an annualized rate of xx.xx, intensifying cost pressure across construction-linked phenolic resin consumption segments.

Export inquiries from Canada and Mexico also remained stable during the review period, while reduced price competition from Asian suppliers further supported domestic pricing sentiment. Meanwhile, global trade uncertainty and elevated shipping risk premiums continued limiting competitive import pressure from Asian suppliers, further supporting the bullish momentum in...