Phenol Prices, markets & analysis
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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
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Insight and analysis of factors driving prices.
Spot phenol prices into China extended the gains seen in June and rose for most of the third quarter.
Phenol prices into China increased by around 11% between late June and early August after supply was tightened by a number of overlapping causes: mechanical problems at several Chinese phenol/acetone units in June, lower import volumes in 2014 compared with 2013 and the unexpected postponement of the commissioning of Shanghai Sinopec Mitsui Chemicals’ (SSMC) new phenol/acetone unit in Shanghai. SSMC in early July announced a further delay in its plant’s start-up from August, an announcement that spurred Chinese traders to boost spot imports to meet the consequent supply shortfall.
However, cargo availability in the Asian spot market was tightened at the same time by the early June restart of two bisphenol A (BPA) units in South Korea, along with steady demand for spot material in southeast Asia and India. Tight domestic supply pushed the yuan-denominated phenol prices in east China around 16% higher between late June and mid-August, which buoyed import parity and paved the way for higher-priced spot import trades.
The spot phenol price uptrend stalled around mid-August, cooled by a weak performance in the feedstock benzene sector. Phenol prices into China started to ease from late August, weighed on by sliding benzene prices, along with competitive offers of deep-sea phenol as US producers began to offer their excess year-end inventories to Asian buyers.
Updated to Q3 2014
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.