- China run rates curbed- India demand weakens



In the week ending Nov. 8, the Asian phenol
market declined as traders waited for positive factors to return. According to market
sources, plants in China have seen their operational rates drop but this has
not helped local demand. Depending on
where you are located, Yuan 9,800-Yuan9,880/mt was the price for Phenol
domestic discussions regarding ex-tank supplies. Yuan 9,795-Yuan9,875/mt translated to $1,138.77/mt based on
import-parity, down $48.22/mt over the previous week. Imports into China were economically unviable. CFR China phenol prices were $1,125-$1,165/mt. This was $50
less week-over-week. Due to low demand,
talks were slow in Southeast Asia. CFR
Southeast Asian phenol was $1,250-$1,290/mt. This is down $50-$55/mt compared
to other Asian countries. Some phenol
cargoes from America were expected to arrive in India in December. This is a
sign...