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 Q2 2020
Supply tightened. Saudi Arabia’s Petro Rabigh was shut from late-February to mid-June. Mitsui Phenol Singapore shut from March to April. India’s Deepak Phenolics was shut during the country’s lockdown from March to April. South Korea’s Kumho P&B line 2 was shut in April; line 4 had a week of unscheduled maintenance in April. China’s Chang Chun Petrochemical was shut from late May. Japan’s Mitsubishi Chemicals and Osaka-based Mitsui Chemicals were shut for most of Q2.
Demand was strong, with downstream sectors including major derivative BPA and PC seeing healthy performance. Capro margins were not as strong as other fellow derivatives although they did see an uptrend too. Procurement activities were rampant amid the slew of turnarounds in Q2. The average production rate in China stood at only 64% in late June.
Supply was ample in Q2 despite further reductions in output from European producers and less imports, amid slumping demand. The coronavirus pandemic also led producers Borealis and INEOS to postpone plant maintenance.
Demand for phenol was depressed further in Q2, as the coronavirus pandemic exacerbated a severe slowdown in the automotive sector. Construction-related demand provided some respite. Downstream caprolactam demand was especially hard hit. Downstream demand for BPA was somewhat less impacted as demand for clear plastic PC sheets improved and less material was imported.
US phenol supply and demand were balanced. In general, demand hit a bottom, as it was uneven across multiple segments during the pandemic. While operating rates were cut in response, it was limited by higher demand and prices for co-product acetone. Higher volumes were exported in April and May, especially to Asia, at low adders. But exports appeared to be slowing down as Q2 drew to a close.
Demand fell as auto production and non-essential construction shut down during April and May due to the pandemic. Meanwhile, demand from the oil and gas sector dropped due to a decline in drilling activity, while demand from the medical sector received a boost. June did see economic activity resume as restrictions were lifted, with production in the auto and construction sectors slowly ramping back up.
We offer the following regional Phenol analysis and news coverage to keep you informed of factors and developments affecting prices in the Phenol marketplace.
News & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
Analytics tools for MPG include:
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
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.
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.
SINGAPORE (ICIS)--Spot acetone prices in east China have been falling for more than two months on weak demand from downstream markets, while supply is expected to increase on plant start-ups. On 4...Read
SINGAPORE (ICIS)--China’s overall petrochemical demand has weakened in July while supply is projected to increase, dimming the market outlook in the near term. Inventories of major chemicals such...Read
LONDON (ICIS)--Europe acetone spot prices continue to spike this week, lifting prices to the highest level globally, on the back of limited spot supply and short covering needs. Mid-point prices...Read
Recent gains in spot acetone prices in focus Downstream demand mixed, but generally weak Depressed conditions seen continuing through to August Autumn turnaround season may further tighten acetone...Read
Safeguard your future with the opportunity to discuss your expectations and learn from industry experts at The ICIS 2020 World Phenol-Acetone Conference, a biennial event in the calendar of professionals across the globe. You can get face-to-face time with existing suppliers or explore new business opportunities to initiate future connections.
As a global event, a worldwide perspective is reflected throughout agenda topics, speakers and attendees. With content covering regional trends and their impact globally, you can expect to gain insight on a variety of relevant topics