Phenol Prices, markets & analysis
ICIS publishes pricing information which you can use in settlements and contracts in order to optimise your deals and negotiations.
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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From the period mid-August to mid-November, the phenol market remained weak because of poor off-take from the long suffering downstream BPA (bisphenol A) market.
Lack of exports opportunities and poor downstream demand meant that European producers continued to run phenol plants at reduced rates. Estimates are around 60-70% of nameplate capacity.
Phenol contract prices continued to mirror prices developments in major feedstock benzene. Lower benzene prices in October and November were welcomed by phenol producers and consumers, many of whom expect to see their own demand improve because of weaker benzene.
However, many market followers said it would take more than a drop in the value of feedstocks to generate demand.
The demise of the European phenol market was largely attributed to new capacities coming on stream in Asia for phenol and phenol derivatives, thus making the Asian markets self-sufficient.
Invariably weak macroeconomic conditions also contributed to market weakness in Europe, since phenol derivatives are so closely linked with the construction and automotive sectors, which in turn are heavily determined by GDP.
Updated to mid-November 2013
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.