10 May 2013 06:13 [Source: ICIS news]
TAIPEI (ICIS)--Taiwan’s phenol supply and demand is expected to reach a balance in 2013, the country’s petrochemical association said.
Phenol demand is estimated to grow at 2.4% year on year and hit 930,000 tonnes/year in 2013, Petrochemical Industry Association of Taiwan (PIAT) said in its annual report.
Meanwhile, phenol export is expected to see a slight decline to 150,000 tonnes/year in 2013, from 156,178 tonnes/year recorded in 2012, because of the recent expansions in the key China market.
Phenol domestic production is estimated to grow marginally to reach 1.06m tonnes/year in 2013, PIAT said.
The report was presented at the annual Asia Petrochemical Industry Conference (APIC 2013), which is being held in Taipei on 9-10 May.
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