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Top ten Market News of 2008 Chinese Phenol/Acetone |
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Guangdong Kingboard restarted its phenol/acetone unit, changing supply structure in south China
1. Announcement of financial verdict of acetone antidumping case, leading to reduction of influx of Asian cargoes
2. Restricted transport during the Olympics had significant impact on logistics of phenol/acetone goods
3. Start-up of PTT’s phenol/acetone unit adds supply over Asia
4. The Beijing Olympics and ‘Black October’ have negative impact on domestic phenol/acetone operating rates
5. Consecutive expansions of Asian phenol/acetone units make competition of import cargoes more furious
6. On weak BPA demand, start-ups of some new plants are delayed
7. Phenol prices have fallen to a 6-year low in 2008
8. Acetone prices in 2008 have fallen to a new low since 2002 |
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