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
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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Insight and analysis of factors driving prices.
Phenol prices into China firmed in the second quarter of 2014 and rose sharply in late June on the back of a spike in raw material benzene prices and limited cargo availability across the region. The average phenol price into China ended the second quarter 4.3% higher.
In spite of a substantial decline in China’s net import volume from April, phenol prices held at the low $1,400s/tonne CFR (cost & freight) China throughout April and May. Prices were buttressed by a busy plant turnaround season in Asia and steady gains in the yuan-denominated domestic phenol prices in China. Domestic prices in east China gained 11.7% in the second quarter, as a spate of plant turnarounds and production issues, along with slumping import volumes, curtailed supply. Spot phenol trades rose to the high $1,400s/tonne and the low $1,500s/tonne CFR China in late June, as benzene prices surged on the back of strengthening crude oil prices.
Meanwhile, the early-June restart of two bisphenol A (BPA) units in South Korea boosted the country’s captive phenol demand and curtailed export availability. As a result, healthy demand in India, a net importer, along with the March announcement of antidumping duties (ADDs) on US and Taiwanese phenol, propelled late-June spot trades for southeast and northeast Asian cargoes to the high $1,500s/tonne and the low $1,600s/tonne CFR India.
Updated to Q2 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.