Phenolic Resin Price, New, Demand & Supply | ChemAnalyst
During the last quarter of 2023, Phenolic Resin price in North America showed a downward trend, mainly due to subdued demand from sectors like adhesives and coatings. With adequate material supply domestically, consumer interest remained tepid, prompting a decline in prices. Notably, the USA saw the most pronounced price shifts, with Novolac Phenolic Resin FOB Louisiana settling at USD 3100/MT. In the USA, the trend for Phenolic Resin during this period was bearish, exhibiting a -45% change compared to the same quarter of the previous year and a -33% change from the preceding quarter. The price difference between the first and second half of the quarter in the USA stood at -17%. Weak support from upstream Phenol and Formaldehyde costs primarily drove the price decline throughout the quarter. Furthermore, elevated market inventories, slowed procurement, and consumer destocking of inventories also contributed to the overall bearish sentiment. In summary, Phenolic Resin pricing i...