US market is likely to witness higher values for Phenol in this month. Recovering of Benzene pr ices last week is likely to put an upward pressure on Phenol prices in the US market. Supply has been very tight in North America through the first quarter and will remain so through this month. INEOS Phenol has curtail its production on back of fire in ITC as its has affected the production over there. AdvanSix and Altivia are the other major units shut down due to force majeure. Experts believe this scenario will last at least for this month.
