Phenol Prices, markets & analysis
ICIS price reporting for regional Phenol markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
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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.
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 China Phenol marketplace.
Price Reporting – More information about the price reports we publish on Phenol
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
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 Q4 2014
Spot phenol prices into China plummeted by close to 28% between early October and early-December, driven by the rout in crude oil prices from early October and the consequent slump in raw material benzene and propylene prices. Phenol settled at an average of $1,140/tonne CFR (cost & freight) China on 5 December, from $1,575/tonne CFR China at the start of October. Over the same period, FOB (free on board) Korea benzene prices lost 25%, while co-feedstock propylene prices in northeast Asia plunged by nearly 32%.
Phenol’s price slide accelerated from late November. OPEC’s decision at its 27 November meeting in Vienna to not cut output to counter falling oil prices, the attendant further pullback in feedstock prices, along with Chinese buyers’ growing concerns over rising supply, sustained the steep downtrend in phenol prices. The weakening trend in domestic phenol prices in China, which began in mid-August, gathered speed in November in response to the imminent start-up of Shanghai Sinopec Mitsui Chemicals’ new plant, which has a capacity to produce 250,000 tonnes/year of phenol. Competitively-priced deep-sea offers - spurred by US producers’ year-end inventory clearance – compounded the market sell-off.
Regional supply also began to lengthen from late November as Asian phenol producers restarted their plants from planned turnarounds. A slowdown in Indian import demand – led by the same concerns over tumbling market gauges - further eroded the fragile underlying supply-demand fundamentals in the Asian phenol market.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Phenol.
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ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
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.
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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.