Wood panel and decorative laminates industry has to bear the cost of high phenol and formaldehyde prices in a month because sources confirm that there is no relief in prices in January as well. The chemical importers indicated the prices of phenol will maintain its same price level of December last month till mid of February 2018. Importers reasoned that the inventory at Indian ports are very low, which is supposed to fill by first week of February then the prices are expected to soften although they anticipate that it will not come down below 90 levels till March.
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