IHS Chemical Week

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Phenol prices firm up in Europe, but longer-term sentiment is bearish

11:03 AM MDT | May 2, 2014 | Francinia Protti-Alvarez

There has been a slight uptick in phenol and phenol derivatives demand in Europe partly as result of an improved economic outlook, notably in the automotive sector, and an absence of phenol and derivatives imports from the United States and Asia, according to IHS Chemical's latest Market Advisory Service: Global Acetone. The upturn has been noticeable in plant operating rates in Western Europe, which improved from about 75% in January, to about 80% on average in April, according to IHS. Phenol contract prices in April were about €1,517/m.t. del...

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