As the prices of phenol sprung $210/mt on the week at $1,410/mt on March 31, following the acute shortage of raw material & chemicals, Deepak Phenolics Ltd has suspended the production at its phenol and acetone plant in Dahej
As the global supply chain conditions at the Strait of Hormuz further tightens, the price of key raw material, essential to wood panel and Laminate industry such as Phenol