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 Q2 2015
Europe phenol supply through the second quarter was tight, with outages at major suppliers CEPSA and Borealis. CEPSA announced a force majeure at its Huelva site on 11 May, due to mechanical issues. Contract customers were put on allocation and spot availability was limited. Borealis had a planned shutdown at its Porvoo site for six weeks from the start of May. However, technical problems on the restart forced the company to declare force majeure on 15 June.
Demand for phenol was strong. A weak euro helped to prevent imports of competitive bisphenol-A (BPA) and nylon intermediates, boosting local production.
Other producers increased production to compensate for tighter supply, but were limited by challenging raw material sourcing. As a result, spot pricing spiked up to over €300/tonne above benzene, from around €200/tonne the previous quarter.
The phenol contract continued to follow monthly benzene values, with an adder or fee on top. Values were up in April and May, and down in June. Adders increased into Q2 by €10/tonne on average. Producers cited lower profitability given strong falls in benzene prices.
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.