PODCAST: Red Sea issues dominate Europe phenol, acetone and derivatives markets

Heidi Finch

09-Feb-2024

LONDON (ICIS)–Red Sea shipping issues have been the hot topic in Q1, with import delays opening up domestic demand opportunities and leading to a firmer price sentiment in some markets. There has been some increase in buying in January, but underlying demand is yet to recover in a shaky macro-economic climate.

Europe ICIS editors Jane Gibson (acetone and phenol), Heidi Finch (bisphenol A and epoxy resins), Mathew Jolin-Beech (methyl methacrylate) and Meeta Ramnani (polycarbonate) discuss the impact of rising sea freight and feedstock costs in the acetone, phenol and derivatives markets.

  • Phenol and acetone markets look to downstream demand pull for support
  • Red Sea crisis set to continue impacting MMA supply for remainder of Q1
  • Europe epoxy and BPA markets exposed to Red Sea issues/import delays, tendency firmer
  • European PC suppliers benefiting from the unavailability of Asian imports

Podcast editing by Meeta Ramnani

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