US January phenol exports fall 54% year on year on weak demand

08 March 2013 19:49  [Source: ICIS news]

HOUSTON (ICIS)—US January phenol exports fell by 54% year on year, data released on Friday by the US International Trade Commission (ITC) showed.

US January phenol exports were 20,013 tonnes, down from 43,850 tonnes a year ago.

The fall is largely attributed to weaker demand from the Asian market, save for India, which imported more than twice as much material year on year.

Additionally, US phenol was high-priced relative to the region, owing largely to record-high feedstock benzene costs.

Month on month, US phenol exports fell by 57% from 46,779 tonnes in December 2012.

Major US phenol producers include Axiall, Dow Chemical, Haverhill Chemical, Honeywell, INEOS Phenol, SABIC Innovative Plastics and Shell Chemical.

By: John Dietrich

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