Phenol market is expected to continue to rise in Asia

Equipment maintenance season approaching, the major downstream derivatives of bisphenol A (BPA) double impact of rising prices , the Asian phenol spot prices are expected to continue to rise . Sellotape

As of press time the average price of imports of phenol $ 1,435 / ton (CFR China ) , than in mid- January rose 2.5 %. The main raw material phenol benzene prices over the same period fell by nearly 5% ; major downstream BPA prices since mid- January rose 2.7 percent , cut the current average price of $ 1,654 (CFR China ) .Masking tape


Asian manufacturers , said a phenol , China and elsewhere in Asia some of the production unit will come into downtime stage , phenol prices will continue to rise. China Taiwan Changchun plastics company opened a prelude to the Asian phenol plant maintenance season , the company is located in Kaohsiung, phenol / acetone unit downtime began in mid- February , is expected to continue until mid- March ; Thai PTT Phenol Company , China Taiwan Chemical Fiber Corporation, Japan Mitsui Chemicals , also plans March phenol / acetone device downtime .Washi tape


China 's Sinopec Shanghai Gaoqiao Company and Beijing Yanshan Company , plans 2-4 month period in phenol / acetone unit downtime . The arrival of equipment maintenance season , phenol tight supply , China Taiwan and Southeast Asian countries began to spot market end-users to find goods to compensate for the shortage of supply. Besides the Indian market demand is stable , every month to buy 1.6 to 18,000 tons of phenol goods , further supporting the fundamentals of the market. Asian phenol supply trend makes manufacturers to enhance the prospects of the market 's expectations, and offer up to $ 1550 ~ 1600 / ton (CFR China ) .Wholesale masking tape