- Participants look at China's supply length- India's Acetone/phenol prices
rise





As the Asian market began a new year, trade
discussions for phenol & acetone were not reopened on Jan. 3. According to market sources, China will likely
be able to produce acetone and phenol itself in January. According to
a local source, Acetone was much more plentiful than phenol. As some
factories closed earlier, the festive season ahead in Far East Asia had slowed
down demand. According to a source, producers decided to keep
production rates low due to slowing consumer spending. Chinese
producers were offering phenol at Yuan 7,500-7700/mt. This was equivalent to
$905.53-920.75/mt if you consider import-parity. CFR China
phenol and CFR Southeast Asia Phenol were at $900-920/mt respectively. Both
prices had fallen $15-20/mt over the week before. India's
phenol talks were stable, with...