Tight Supply for Phenol

Tightness in the global Phenol market continues to drive up prices. According to U.S. sellers, there is no material available for export in the States, and domestic spot sales are limited. Prices have increased as much as 10 percent. Some European manufacturers expect they will need to import material in 2007. Phenol stocks are also low in China as traders and distributors have been building up inventories in anticipation of increased demand.

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