It is reported that in the uncertain global economic environment, due to the poor demand for downstream derivatives, a large number of new production capacity will be put into operation one after another. This will increase the profit pressure of Asian phenol producers. For Asian phenol producers, 2011 is a good year, and the profitability in 2012 will certainly not be as good as in 2011. It is predicted that China's total phenol supply in 2012 will reach approximately 1.75 million tons, an increase of 7.4% from 2011, of which imports are expected to increase by 3%, while domestic production will increase by 11% to approximately 1 million tons. According to market sources, by the middle of 2012, China's phenol production capacity will increase to 1.22 million tons per year. In addition, during the period from 2013 to 2015, China will continue to expand its phenol production capacity to 3.14 million tons/year, with a net increase of 1.95 million tons/year. Full Automatic Edge Banding Machine,Automatic Edge Banding Machine,Edge Banding Machine Qiangtong Machinery Co., Ltd. , http://www.china-defupresses.com
China's phenol market 2012 profitability decline