Phenol Prices, markets & analysis
Use the independent price assessments and market coverage in our price reports to track the regional Phenol market.
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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 Q4 2014
The phenol contract price is linked to the benzene contract, with a quarterly or annual “adder”, or fee, on top. The fourth quarter saw strong drops in both benzene and phenol. In October phenol saw an increase of €6/tonne, mainly due to a weaker euro. November and December saw decreases of €110/tonne and €166/tonne respectively.
Buyers commented that the pace of the declines was too rapid and public. As a result downstream industries had also asked for price decreases, leaving no chance to keep any margin.
The demand picture was generally negative with weak seasonal end markets, end-of-year destocking, and delayed buying in the hope of lower prices to come. However in December, buyers and sellers saw some pre-buying in expectation of higher benzene prices in January.
CEPSA’s Phenol III unit was in maintenance shutdown in October and early November. However, problems at the new cumene unit delayed the restart into early December. Other producers were able to increase operating rates to continue to balance the European market.
Exports continued to India and Asia, despite falling prices in the region.
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.
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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.