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China's domestic prices rose over the past week  | Phenol salesmen maintain low runs despite weak margins  | Acetone supply is tighter than phenol: Sources

China's domestic prices rose over the past week | Phenol salesmen maintain low runs despite weak margins | Acetone supply is tighter than phenol: Sources

Feb 22, 2023

- China's domestic prices rose over the past week- Phenol salesmen maintain low
runs despite weak margins- Acetone supply is tighter
than phenol: Sources





Asia acetone prices were higher this week
due to tight supplies. gains were still awaited amid slow end use demand. The
Chinese domestic price of phenol was around Yuan 100-150/mt. This is for quick
delivery cargo on an exfactory basis. Although the phenol market is tightening, it
wasn't as tight as that of acetone. According to
a source, the Chinese demand for phenol was not strong, which is why the
price rises were gradual. The source stated that the overall
Asian market was tight on phenol cargoes because of the lower operating rates. Chinese
market players still followed China domestic pricing, which was lower than that
of the rest. The source said that Chinese market players were
still...

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