Phenol Prices, markets & analysis
For clear insight into regional Phenol markets, you need in-depth price reports direct from those regions.
There’s no better way to stay up-to-speed with all the latest information that can make a difference to your business.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
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- Inform negotiations
Phenol Asia Transcript
The ICIS Asian Phenol report provides cost and freight (CFR) China, South East Asia and India assessments which are closely followed by market players. Confirmed deals and buy/sell ideas that support our assessments are provided in full in the report.
We also have coverage of upstream benzene and propylene prices and downstream markets to give our readers an overall sense of the phenol market. We also track the operating status of plants in Asia which shows the supply side of the market.
Understanding the CFR China spot market is complex due to a huge variety of anti-dumping duties that have been levied by the Chinese Government.
In order to provide greater clarity for our subscribers, ICIS provides a normalised CFR China quote based on zero percent anti-dumping duty and 5.5% import duty. This has been welcomed by our subscribers as valuable alternative to the existing benchmark CFR China quote.
Information from producers, traders and buyers of phenol is gathered, analysed and cross checked to ensure it is accurate and can be used as an impartial and accepted reference for business. The ICIS report is the dominant weekly benchmark for the Asian Phenol industry. It is considered an indispensable and a reliable source of information essential for their daily business needs.
Phenol news and market information products from ICIS
We offer the following regional Phenol coverage to keep you informed of factors and developments affecting prices in the Asia Phenol marketplace.
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Independent price assessments and market coverage
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News & analysis
News & Analysis - News & market analysis specifically relating to Phenol
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q2 2015
Rising domestic supply renewed the downward pressure on spot phenol prices into China in the second quarter, following the moderate market recovery in the first quarter. The domestic Chinese market plunged from mid-May in response to the early-May start-up of Formosa Chemicals & Fibre Corp (FCFC)’s new phenol plant in Ningbo. The average yuan-denominated domestic phenol prices in east China plummeted by yuan (CNY) 1,725/tonne, or 22%, in the five weeks ended 5 June. The sharp downturn in the domestic spot market also prompted major producer Sinopec to slash its prices. Spot phenol prices slipped below $1,000/tonne CFR (cost & freight) China in mid-May. At the same time, mounting domestic supply and the theoretical fall in the US dollar-denominated export price parity shifted market participants’ focus to exporting phenol from China to India, Asia’s premium market.
As the domestic phenol market collapse turned Chinese phenol makers’ margins negative, several Chinese producers in early June sought to recoup their margins by ending their discounting measures and cutting their output. Around mid-June, news that US producer Haverhill may permanently close its phenol plant in Ohio, along with a force majeure announced by Borealis in Finland, helped to shore up spot selling sentiment in Asia. Although there was ample supply in the yuan-denominated dutiable market in China, firmer Asian feedstock prices and Chinese importers’ depleted inventories in the duty-exempt, bonded sector set the stage for a spot deal at $1,000/tonne CFR China in late June.
The ICIS Asian phenol report provides cost & freight (CFR) China, southeast Asia (SE Asia) and India assessments that are closely followed by market players.
Confirmed deals and buy-sell ideas that support our assessments are provided in full in the report.
We have coverage of upstream benzene and propylene prices and downstream markets to give our readers an overall sense of the phenol market.
ICIS also tracks the operating status of plants in Asia, which shows the supply-side of the market.
Understanding the CFR China spot bunker is complex because of a huge variety of anti-dumping duties that have been levied by the Chinese government.
In order to provide greater clarity for our subscribers, ICIS provides a normalised CFR China quote based on the seasonal percent of the anti-dumping duty and a 5.5% import duty. This has been welcomed by our subscribers as a valuable alternative to the existing benchmark CFR China quote.
Information from producers, traders and buyers of phenol is gathered, analysed and cross-checked to ensure it is accurate and can be used as an impartial and accepted reference for business.
The ICIS report is the dominant weekly benchmark for the Asian phenol industry. It is considered an indispensable and reliable source of information essential for daily business needs.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Phenol. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Phenol, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.