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ASIAN phenol prices surged by US$200-350/tonne last week to a 15-year high, on soaring benzene costs (see page 25), strong demand and tight supply.
In Northeast Asia, prices had risen by US$200/tonne to US$1350/tonne cfr NEA, while in Southeast Asia, a 700-tonne prompt cargo was purchased at US$1500/ tonne cfr SEA,...