Supply issues tighten phenolics market: Constraints on propylene, cumene keep phenot, acetone tight in Europe on strong demand.

The article report that the European markets for phenol and by-product acetone are each experiencing an unusual period of tight supply owing to constraints on feedstocks propylene and cumene, combined with strong derivatives demand. It mentions that the market tightness could be exacerbated by maintenance turnarounds scheduled at two facilities in Europe; and the views of David Potter, executive director/ aromatics and fibers at IHS Markit, on it.