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.
Use ICIS information to:
- Understand price drivers and fluctuations
- Develop internal analytical models
- Negotiate deals with confidence
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We offer the following regional Phenol coverage to keep you informed of factors and developments affecting prices in the Europe Phenol marketplace.
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Updated to Q1 2017
Although the balance seen in the European phenol market throughout much of 2016 continued into the first quarter of 2017, phenol prices in Europe began the year with a sharp increase.
While phenol adder levels remained broadly stable from 2016 into the first quarter 2017, with some reductions in adder levels also apparent, any reduction in adder levels did little to soften the impact of a triple-digit price increase in key feedstock benzene.
The phenol contract price follows benzene’s monthly price movement with an adder or fee on top. While some market participants negotiate adders annually or semi-annually, others negotiate adders on a quarterly basis.
January’s triple-digit increase was repeated in February, leading to discomfort among many phenol buyers, particularly in the phenolic resins market, as passing on these increases has proved challenging.
Nevertheless, the predominance of contract, as opposed to spot in Europe, allowed the market to remain generally balanced and a double-digit contract price decrease in March was welcomed by buyers.
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.