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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 Q2 2016
The European phenol market began the second quarter of 2016 with an increase in adders over benzene for many of those market participants that negotiate adder levels on a quarterly basis.
However, the assessed increase in phenol adders for the second quarter was lower than the assessed increase in the first quarter of the year.
Throughout the second quarter the phenol contract price continued to track key feedstock benzene’s contract price.
Although May saw planned turnarounds at INEOS Phenol’s Antwerp site and PKN Orlen’s Plock site in Poland, supply and demand dynamics in the phenol market remained generally well balanced throughout the second quarter. This was largely attributed to the market’s reliance on contract, with the spot market dormant throughout much of the quarter. Data from Eurostat showing a large year-on-year rise in phenol imports also helps to explain how the European phenol market was able to remain balanced, while co-product acetone suffered from a tightening of supply.
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.