ICIS price reporting for regional Phenol markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
Updated to Q2 2016
Spot phenol prices into China, Asia’s largest market, were lifted in the second quarter by the recovery in crude oil futures and consequently the rally in US benzene and phenol export prices to Asia. However, it was the India market that saw significant volatility, because of India’s position as a net importer and therefore its sensitivity to shifts in supply and demand.
Overlapping phenol plant turnarounds in the second quarter by Taiwan’s Chang Chun Plastics, Mitsui Phenols Singapore, South Korea’s Kumho P&B and Japan’s Mitsubishi Chemical crimped the availability of spot phenol in Asia and drove a 38% surge in the CFR India phenol prices between early February and end April. A major, two-month turnaround by Mitsubishi Chemical boosted Japanese phenol imports throughout the second quarter, curtailing South Korean shipment to India. The strong Indian market gains also created export opportunities for China-based phenol makers, leading to a raft of shipments from China. The May start-up of Thai producer PTT Phenol’s new plant and the resumption of southeast Asian supplies to India, however, quickly reversed the CFR India phenol market uptrend and drove a downward correction from late April. The CFR India phenol prices lost 11% between end April and late June.
We offer the following regional Phenol coverage to keep you informed of factors and developments affecting prices in the China Phenol marketplace.
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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:
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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.
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.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Phenol.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
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.