Phenol Methodology Consultation – Summary of responses
Following the recent announcement that ICIS would be launching a formal methodology consultation process, we have received a number of responses from key market players – one public, three private. To read the public response, anonymised, please click on the link below.
ICIS received in total four responses to the Phenol Methodology Consultation.
ICIS Decision
The responses do not provide sufficient feedback for ICIS to change its current methodology for deals-based reporting of phenol contract or spot markets in any of the geographical regions.
In response to the specific consultation question about merging the CFR China assessment into the CFR Northeast (NE) Asia assessment in the Asia Pacific report, opinion was equally divided between those in favour and those against. Consequently, ICIS will not be changing its current methodology of reporting the two separately.
To provide further comments or feedback please contact Barbara Ortner, Head of Market Reporting: Barbara.Ortner@icis.com
