Phenolic Resin Prices, News, Trend, Graph, Chart, Monitor and Forecast
Phenolic Resin prices have been experiencing fluctuations due to several dynamic factors influencing the global market. These synthetic polymers, derived from phenol and formaldehyde, play a crucial role in various industries, including automotive, construction, electronics, and coatings. The pricing trends for phenolic resins are largely dictated by raw material costs, supply-demand imbalances, regional economic conditions, and regulatory policies. Over recent years, market participants have observed considerable volatility as key input materials, such as phenol and formaldehyde, have been subject to price swings driven by crude oil price variations and supply chain disruptions. The supply chain for phenolic resins is highly dependent on the availability of phenol, which is primarily derived from benzene, a petroleum-based feedstock. Any fluctuation in crude oil prices directly impacts benzene production, subsequently influencing phenol prices. Given that formaldehyd...