Phenol Prices, markets & analysis
For those looking to keep abreast of the global Phenol market, our independent, unbiased pricing information, news and market analysis is an invaluable resource.
Whether you buy or sell Phenol or related products, you need to know about the prices and the factors driving the prices in the global Phenol market as they happen. Our network of price reporters throughout Asia, Europe and the US provide key local insights. We collate this intelligence into daily and weekly price reports, ensuring you have the up-to-date information you need at all times.
Phenol Overview Transcript
The global phenol market is structurally short and will remain so until new capacities starts to come on stream in Asia over the next few years.
Demand for phenol derivatives is set to remain steady in Europe, Asia and the US. This is because demand in downstream markets such as bisphenol A, caprolactam, adipic acid and phenolic resins is likely to remain subdued in the near term.
Global economic uncertainty and slow growth in developed markets will play their parts to aid stability. There is some concern over the supply of cumene, an upstream chemical, which may itself become short, tightening supply.
The other challenges facing the market for phenol are sharp fluctuations in the benzene price which can be hard to pass on to consumers in downstream markets where prices are negotiated rather than set on a formula basis.
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Phenol news and market information products from ICIS
We offer the following regional Phenol analysis and news coverage to keep you informed of factors and developments affecting prices in the Phenol marketplace.
Price Reporting – More information about the price reports we publish on Phenol
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Phenol
Track historical price data
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News & Analysis - News & market analysis specifically relating to Phenol
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Phenol: Market overview
Updated to Q1 2015
Asian phenol supply is expected to lengthen in Q1, with the commissioning of three new plants in China (Shanghai Sinopec Mitsui, Formosa Chemicals & Fibre Corp and CEPSA Quimica) with a combined capacity of 800,000 tonnes/year. On top of the supply gain, the rout in crude oil and raw material benzene and propylene prices since Q3 2014 is expected to maintain downward pressure on Asian phenol prices.
Despite indications of improved year-over-year demand in the first half of 2015, US phenol will face downward price pressure as weaker raw material prices are expected to carry over. Phenol prices closely track the monthly benzene contract, which fell again in January for the sixth consecutive month. Phenol production rates are expected to continue in a range of 60-70% for the foreseeable future.
European phenol should continue to be ‘managed balanced’ in Q1, with operating rates kept low. Falls in benzene prices and the weak euro help to maintain global competitiveness. However, buyers were disappointed by only small cuts to the adder over benzene in 2015. Some plan to increase import levels, with prices cheaper in other regions.
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Phenol occurs as colourless to yellow crystals, with a characteristic carbolic odour which turns pink on exposure to light and air. It is strongly hydroscopic, liquefying in moist air. It is moderately dissolvable in water, but very soluble in ether, methyl and ethyl alcohol, carbon tetrachloride, acetic acid, glycerol, benzene and chlorinated hydrocarbons. The solution in water is a weak acid.
The main chemical intermediates and derivatives of phenol are bisphenol-A (BPA) used to make polycarbonate (PC) and epoxy resins, phenolic resins, caprolactam, alkylphenols, aniline and adipic acid. The largest market for phenol is BPA followed by phenolic resins.
Cumene-based technology is the dominant process to produce phenol. Here, benzene and propylene are reacted to form cumene, which is oxidised to the hydroperoxide, followed by acid-catalysed cleavage to yield phenol and acetone.