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Phenol Europe Transcript
The ICIS weekly phenol report is the industry benchmark price. It is widely used in the industry in contracts between buyers, sellers and traders.
The main quote is free delivered (FD) northwest Europe (NWE), with additional quotes offering details of free on board (FOB) Rotterdam and spot Rotterdam prices. In addition the ICIS Europe phenol report gives a rouble denominated Russian quote.
This comprehensive report is widely trusted throughout the phenolic chain.
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Updated to Q1 2016
The European phenol market was relatively calm during the first quarter of 2016, with stable demand at a healthy level throughout the first quarter and good phenol availability creating a balanced market, helped in part by the majority of business being conducted in the contract rather than the spot market.
Contract prices fell in Q1 as the price of key feedstock benzene fell in January, February and March. However, the phenol contract price rose in January as a result of higher adders over benzene, in the wake of poor margins for producers. Poor margins remained an argument for further adder increases in Q2, as discussions got underway in the closing stages of Q1.
Phenol export prices spiked in February following a surge in the price of phenol in India. This came as a surprise to some in the market who previously saw anti-dumping duties as creating a barrier to the Indian market.
The ICIS weekly phenol report is the industry benchmark price. It is widely used in contracts between buyers, sellers and traders.
The main quote is free delivered (FD) northwest Europe (NWE), with additional quotes offering details of free on board (FOB) Rotterdam, and spot Rotterdam prices.
In addition, the ICIS phenol Europe report gives the rouble-denominated Russian value. This trusted quote is widely used throughout the phenolic chain.
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.