- Phenol producers are cautious- Acetone supplies tighten in Asia- Acetone CFR India offers above $900-920/mt





PHENOL: The CFR China marker is down $20/mt
week-on-week at $970/mt February 7, with lower domestic China prices. Although the acetone
market is tight in Asia, phenol supply seems to be falling at pace. According to a phenol producer, he was not aware of any
demand from markets such as India or Indonesia for cargoes. However, he
said that he had noticed a low level of interest in buying cargoes. An seller was targeting a FOB Korea tradable cost of
$1,200/mt FOB Korea. However, no buyers were interested in those prices. The China domestic price fell week on the week. This
was due to a lack price support for phenol. Indian domestic prices were
stable at around Rupees105/kg. Due to
Holi festivities, trading activity was slow on March...