With imposition of ADD by China on imports of Phenol has led to slowdown in imports of Phenol. The investigation initiated by the government will be completed only next year in 2019 and may extend for next six months. Chinese importers feel that if the ADD is imposed, this will force them to consider import alternative sources of non-ADD deep-sea supply. N current scenario, Chinese importers are purchasing deep-sea cargoes from the US, the Middle East, and the EU as they are more competitively- priced compared with Asia-origin shipments. According tp Chinese importers, they are possibly looking towards the Middle East as compared to the US and the EU as a source of deep-sea phenol. The lack of ADD on the Middle East cargoes is likely to make prices competitive.
