PC fears skyrocketing! China imposes 287% high anti-dumping duty on U.S. phenol

Global Coatings Network News:

Yesterday morning, the Commerce Department trade remedy investigations bureau announced, ruled that imports originating in the United States, European Union, South Korea, Japan and Thailand benzene dumping of phenol in China, the domestic phenol industry caused substantial damage, and there is a causal relationship between the two.

Since the beginning of this year, the popularity of the phenol market has been sluggish.
Under the pressure of environmental protection, downstream small and medium-sized enterprises have started poorly.
At the same time, the macroeconomic downturn has also caused trading companies to "money tight", the intention to cash out profits has strengthened, and the market price of phenol has repeatedly hit new lows.

With the news of anti-dumping rulings, the market is expected to increase, which may gather popularity and inject vitality into the market.
At the same time, based on cost considerations, import trading partners will be repositioned, and the pattern of phenol imports will also be reshuffled.

After the upstream raw material phenol has been boosted by factors such as anti-dumping against foreign companies and domestic limited production and price protection, it will naturally promote the increase in the cost price of its downstream bisphenol A.
With the support of the price of bisphenol A, plus on-site supply The good news is that the recent PC market gains are still expected.

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