Phenol Prices, markets & analysis
Use the independent price assessments and market coverage in our price reports to track the regional Phenol market.
Our information is gathered by locally based reporters, giving unrivalled coverage of regional markets.
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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 Q3 2014
The phenol contract price is linked to the benzene contract with a quarterly or annual adder on top. The benzene and phenol contract continued to be volatile through the third quarter, with increases of €99/tonne and €6/tonne in July and August, respectively, followed by a fall of €43/tonne in September.
The large July increase was a shock with one buyer describing it as a move from the lowest phenol contract price of the year (June) to the highest. Producers feared demand destruction, but in the end the market took it calmly. The fall in September came as some relief, although most buyers thought it was not enough.
The spot market remained quiet, with prices linked to contract prices. Exports became a topic, as the Indian price ramped up through July. This led some European producers to export cargoes to the region, and increases in export prices.
The market remained balanced, with operating rates kept tight at levels to satisfy demand only. The maintenance shutdown at INEOS’ Gladbeck plant passed smoothly, with market participants saying it was orderly and well planned.
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.