For those looking to keep abreast of the global Phenol market, our independent, unbiased pricing information, news and market analysis is an invaluable resource.
Whether you buy or sell Phenol or related products, you need to know about the prices and the factors driving the prices in the global Phenol market as they happen. Our network of price reporters throughout Asia, Europe and the US provide key local insights. We collate this intelligence into daily and weekly price reports, ensuring you have the up-to-date information you need at all times.
Updated to Q3 2018
Supply is set to be higher, on the back of expectations that phenol and its derivatives would perform well. As of 29 June, the average operating rate in China was at 94%. The rate is likely to remain strong given that the demand is likely to be strong in Q3.
Phenol demand is set to be strong, with higher consumption from the downstream applications. The upcoming 150,000 tonne/year cyclohexanone plant, CPDC China, located at Rudong, Jiangsu, in Q3 also boosted the sentiment. Discussions are likely to be lively, with the reduced availability of US-origin cargoes following the proposed trade tariffs.
Co-product acetone length and a softer spot trend in the market in quarter two led to sources talking of reduced operating rates for Europe phenol. Developments in the phenol market from July onward subsequently rely partly on trends in the acetone market.
There is a turnaround at downstream adipic acid seller Radici Group’s Zeitz, Germany plant in July, which could limit European phenol consumption. But, there is also planned maintenance at phenol producer Novapex in Peage, France that starts in July and ends in August.
Supply in the third quarter should increase on high operating rates, as well as strong margins for domestic and export product. Sources expect a balanced to snug situation throughout the quarter.
Demand could continue to increase if downstream epoxy resin and polycarbonate (PC) plants are able to run close to full levels, which will likely be determined by pressure exerted on the US market from Asian imports of both producers. Demand for nylon and phenolic resins should continue to strenghten.
We offer the following regional Phenol analysis and news coverage to keep you informed of factors and developments affecting prices in the Phenol marketplace.
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The primary chemical intermediates and derivatives of phenol include phenolic resin, bisphenol-A (BPA), caprolactam, adipic acid and plasticiser.
Phenol occurs as colourless to yellow crystals, with a characteristic carbolic odour which turns pink on exposure to light and air. It is strongly hydroscopic, liquefying in moist air. It is moderately dissolvable in water, but very soluble in ether, methyl and ethyl alcohol, carbon tetrachloride, acetic acid, glycerol, benzene and chlorinated hydrocarbons. The solution in water is a weak acid.
The main chemical intermediates and derivatives of phenol are bisphenol-A (BPA) used to make polycarbonate (PC) and epoxy resins, phenolic resins, caprolactam, alkylphenols, aniline and adipic acid. The largest market for phenol is BPA followed by phenolic resins.
Cumene-based technology is the dominant process to produce phenol. Here, benzene and propylene are reacted to form cumene, which is oxidised to the hydroperoxide, followed by acid-catalysed cleavage to yield phenol and acetone.