Contract prices phenol Europe May rose
Contract prices phenol Europe
Contract prices of phenol in Europe in May rose by EUR55 per ton
MOSCOW – Contract prices for phenol on the European market in May rose by EUR55 per ton amid rising prices for benzene raw materials, which led to a partial recovery in prices after a record decline in April, ICIS reports.
May prices were agreed at EUR1 005-1 030 per tonne, FD NWE (north-west Europe), while the May price of benzene rose by EUR55 per tonne compared with the April record low.
Contract prices for phenol in Europe were agreed at EUR950-975 per tonne in April, the lowest contract level since May 2009, after a record drop in contract prices for benzene by EUR424 per tonne last month.
Phenol is the main raw material component for the production of bisphenol A (BPA), which, in turn, is used to produce polycarbonate (PC).
According to ScanPlast of Market Report, the total estimated consumption of PC granules in the Russian market (excluding imports and exports to Belarus) amounted to 12.6 thousand tons in January-February 2020 compared to 9.6 thousand tons for the same period last year . Demand increased by 31%.
Author: Anna Larionova