There has been significant rise in Phenol values in Asian market in last few weeks. According market players this rise has been due to sturdier demand/supply sentiments and expectations of rise in crude futures. There has been seep rise in Phenol values in China market. The reason behind this been turnaround schedule of major plants along with heavy exports to India. The rise is likely to last for short duration as supply from other plants is likely to commence from May. PTT Phenol plans to begin commercial operations at its new phenol/acetone plant at Map Ta Phut in Rayong province in early May, following successive delays. The plant will be able to manufacture 250,000 tonnes/year of phenol and 155,000 tonnes/year of acetone.
