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 Q1 2015
The overwhelming theme of Q1 for European phenol was decent volumes but poor profitability. Prices were driven lower, following key feedstock benzene down. In addition producers accepted cuts of €5/tonne on average to the adder or fee over benzene from January. Prices reached a low in February, down €566/tonne from the peak last August.
The lower prices squeezed margins, with the conversion ratio from benzene to phenol not being exactly 1:1. Lower adder levels also cut profitability.
However, volumes were solid with a weak euro and low phenol costs proving a boon to the downstream industry. Downstream products in the bisphenol-A (BPA), phenolic resins and nylon chains saw lower imports, higher demand and even some export potential. As a result phenol operating rates were somewhat improved from Q4.
Finally, exports were a topic with strong prices in India and China attracting phenol out of Europe. New capacity in China was not yet a major threat with some start-ups seeing small delays.
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.