BASIC CHEMICALS

Phenol Price Trends in China: Reliable Suppliers and Market Insights

As a trusted supplier in the chemical industry, I understand the importance of finding the right price for phenol, especially in today's competitive market. Our phenol price is highly competitive, making it an excellent choice for businesses in China looking to source this essential chemical efficiently. I have been working closely with various industries here in China, and I see how vital it is for purchasing teams to have timely access to reliable pricing and quality assurance. Our commitment to transparency ensures you receive the best updates on phenol pricing, enabling you to make informed decisions for your operations. Whether you're involved in manufacturing plastics, resins, or other chemical products, our team is ready to support your needs. Let’s connect and explore how we can work together to meet your phenol demands and streamline your supply chain. Your success is our priority, and I am here to help you every step of the way!

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Phenol Price Stands Out For the Current Year

In the current year, the price of phenol has exhibited remarkable stability and resilience, making it a focal point for global procurement professionals. This chemical, known for its versatile applications in industries such as plastics, pharmaceuticals, and textiles, has seen significant fluctuations in previous years. However, recent market trends suggest a more predictable pricing structure, encouraging businesses to consider strategic sourcing options. The driving factors behind this stability include a balanced supply-demand dynamic, proactive inventory management by manufacturers, and advancements in production technologies. As global markets recover from previous disruptions, the increasing demand for high-quality phenol in the production of resins and coatings has contributed to an upward trend. Procurement managers should capitalize on this moment by securing contracts while prices remain competitive, ensuring their supply chains are robust and responsive. Additionally, it is essential for procurement professionals to stay informed about regulatory changes and environmental standards that may impact the phenol market. Understanding these trends can provide a competitive edge and facilitate better negotiation strategies. As the year progresses, aligning with reliable suppliers can lead to long-term partnerships that enhance product quality and consistency.

Phenol Price Stands Out For the Current Year

Month Average Price (USD) Market Demand (Metric Tons) Production Volume (Metric Tons)
January $990 1500 1800
February $1020 1600 2000
March $1050 1700 2100
April $980 1400 1900
May $1000 1550 1950

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Phenol Price Exceeds Industry Benchmarks Your Trusted OEM Partner

Trends in Phenol Prices Over the Last Year

The chart above illustrates the fluctuations of phenol prices over the past year, showcasing a significant upward trend throughout 2023. Starting at a price of $950 per ton in January, prices steadily increased, reaching a peak of $1620 per ton by December. Various factors have contributed to this growth, including increased demand in the chemical manufacturing sector and fluctuations in crude oil prices impacting production costs. The sharp rise in price during the mid-year months indicates a possible supply chain disruption or heightened market demand. Overall, this trend highlights the volatility and potential challenges within the phenol market, reinforcing the need for businesses to closely monitor price developments and adjust their procurement strategies accordingly.

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