Advent season by plant maintenance and major downstream derivatives of bisphenol A (BPA) double impact of rising prices , the Asian phenol spot prices are expected to continue to rise .
According to ICIS data show that as of February 21 for the week , the average price of Chinese imports of phenol rose to $ 1,435 ( t price, the net ; CFR, China ) , than in mid- January prices rose 2.5%. Same period, the market price of benzene phenol main raw material fell by nearly 5 percent , as of February 21 week when the average price was $ 1298.5 (FOB, Korea ) ; another BPA main raw material prices rose 2.7% since mid- January , as February 21 when the average price was $ 1,654 week (CFR, China ) .
A phenol Asian manufacturers that China and Asia have moved into some of the production device downtime stage , phenol prices will continue to rise . China Taiwan Changchun Plastics prelude phenol plant maintenance season in Asia , the company is located in Kaohsiung, Taiwan phenol / acetone unit downtime began in mid- February , is expected to continue until mid- March . Thai PTT Phenol Company , China Taiwan and Japan ‘s Mitsui Chemical Fiber Company also plans in March to their respective phenol / acetone production device downtime . China ‘s Sinopec Shanghai Gaoqiao Company and Beijing Yanshan Company also plans during the period from February to April of phenol / acetone device downtime .
Arrival of equipment maintenance season affected by the Asian phenol market supply tight , China Taiwan and Southeast Asian countries end users began to find goods in the spot market to make up for the shortage of supply. In addition , the Indian market demand is stable , every month to buy 16,000 ~ 18,000 tons of phenol goods , further supporting the fundamentals of the market. Asian phenol supply trend makes manufacturers to enhance the prospects for the market ‘s expectations, and offer up to 1550 to $ 1600 (CFR, China ) .
Chemease data show that as of February 21 for the week , phenol eastern China market average price rose to 9,850 yuan ( library price ) , this is the first time rising since October 2013 .(chemicals supply)
