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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.
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Insight and analysis of factors driving prices.
Updated to Q3 2016
Spot phenol prices into China, Asia’s largest market, garnered support from the large number of overlapping domestic plant turnarounds between August and October and largely advanced in the third quarter. Prices increased 7% between mid-June and late September.
However, the June start-up of South Korean producer Kumho P&B’s new phenol unit, on the heels of the May commissioning of Thai producer PTT Phenol’s new phenol unit, increased the regional supply overhang.
Production imbalances in Taiwan and Singapore, stemming from high phenol plant run rates and decreased downstream bisphenol A (BPA) output, along with the largely stable operations at most Asian phenol plants, means that there is no shortage of spot supply in Asia.
A steady inflow of competitively priced US material throughout this period also kept the China market well supplied with lower-priced imports.
Prices into India, Asia’s biggest spot market, rebounded between mid-July and early August before again sagging in the latter part of the second quarter.
Prices initially rallied alongside gains in the CFR China market. However, the reality of ample Asian supply and bloated domestic stockpiles pared CFR India phenol price gains.
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.