For clear insight into regional Phenol markets, you need in-depth price reports direct from those regions.
There’s no better way to stay up-to-speed with all the latest information that can make a difference to your business.
Updated to Q3 2021
Supply is expected to be tight, particularly if downstream BPA and phenolic resin plants start up as scheduled. Meanwhile, Kumho P&B’s Line 2 and 3 would be shut for scheduled maintenance for about 30 days starting in August. PTT Thailand is eyeing a month-long turnaround for one line starting in end-August or early September. China’s PetroChina Jilin is expected to restart on 22 July after shutting on 7 June for planned maintenance.
Demand is expected to soar should downstream BPA and phenolic resin plants start up as scheduled. Sinopec SABIC Tianjin Petrochemical is expected to start its BPA line in July alongside Anhui Hangmo and Jinan Shengquan’s phenolic resin plants. Red Avenue New Materials is also targeting to start its phenolic resin line in Q3 at the earliest. Europe has seen better phenol demand and sought Asia-origin phenol. This arbitrage could be curbed by limited vessel availability.
We offer the following regional Phenol coverage to keep you informed of factors and developments affecting prices in the Asia Phenol marketplace.
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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.
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The primary chemical intermediates and derivatives of phenol include phenolic resin, bisphenol-A (BPA), caprolactam, adipic acid and plasticiser.
The ICIS Asian phenol report provides cost & freight (CFR) China, southeast Asia (SE Asia) and India assessments that are closely followed by market players.
Confirmed deals and buy-sell ideas that support our assessments are provided in full in the report.
We have coverage of upstream benzene and propylene prices and downstream markets to give our readers an overall sense of the phenol market.
ICIS also tracks the operating status of plants in Asia, which shows the supply-side of the market.
Understanding the CFR China spot bunker is complex because of a huge variety of anti-dumping duties that have been levied by the Chinese government.
In order to provide greater clarity for our subscribers, ICIS provides a normalised CFR China quote based on the seasonal percent of the anti-dumping duty and a 5.5% import duty. This has been welcomed by our subscribers as a valuable alternative to the existing benchmark CFR China quote.
Information from producers, traders and buyers of phenol is gathered, analysed and cross-checked to ensure it is accurate and can be used as an impartial and accepted reference for business.
The ICIS report is the dominant weekly benchmark for the Asian phenol industry. It is considered an indispensable and reliable source of information essential for daily business needs.
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