With China’s Phenol prices moving in different directions, it is critical for market players to be informed on the changing dynamics and market sentiments. Published and derived by our local industry experts, our on-the-ground price reporting, insights and data analytics solutions provide the following:
Use our China data solutions to:
Updated to Q4 2018
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.
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The primary chemical intermediates and derivatives of phenol include phenolic resin, bisphenol-A (BPA), caprolactam, adipic acid and plasticiser.
ICIS publishes weekly pricing information for China’s volatile phenol markets. The report gives you access to the latest import CFR China main ports and domestic ex-tank prices for a more reflective view of the market.
The report also includes market commentaries such as hot topics and changes in government policies, as well as plant production statuses and weekly inventory levels, to help industry players understand the drivers of the price movements and changes in this market.
Together with each pricing report subscription, ICIS now provides the following diagnostic and prescriptive solutions for China phenol, to help you make critical business decisions in and out of China and plan for the future:
The ICIS Supply and Demand Database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up until 2040 for phenol in China. The service combines fully reconciled supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or country-specific perspective.
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.
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