09 November 2012 18:36 [Source: ICIS news]
HOUSTON (ICIS)—US September exports of phenol fell by 1.5% year, according to data released on Friday by the US International Trade Commission (ITC).
US September phenol exports were 52,421 tonnes, down from 53,233 tonnes a year ago.
The fall came mostly because of weaker demand, as phenol spot prices were higher a year ago, as assessed by ICIS.
US spot prices for phenol in September 2012 were 59-64 cents/lb ($1,301-1,411/tonne, €1,015-1,101/tonne) FOB (free on board), compared with 68-71 cents/lb the previous year.
Month-on-month US September phenol exports increased by 18% from 44,578 tonnes in August 2012, tracking cheaper prices.
Feedstock benzene prices fell in September by 40 cents/gal, allowing for US phenol exports to become more attractively priced compared with August material.
Major phenol producers include Dow Chemical, Georgia Gulf, Haverhill Chemical, Honeywell, INEOS Phenol, SABIC Innovative Plastics and Shell Chemical.
($1 = €0.78)
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