Phenol Price Trend, Chart, Latest News, Database & Demand

Key Highlights of the Phenol Prices:

The Phenol Price Trend is being influenced by several factors affecting both supply and demand. Phenol is a crucial raw material for producing bisphenol A (BPA) and phenolic resins, which are essential in the creation of polycarbonate plastics, epoxy resins, and high-performance coatings. The growing automotive sector, which uses lightweight polycarbonates to improve fuel efficiency, is driving phenol demand. Additionally, phenolic resins are widely used in the electronics industry for circuit boards. Environmental regulations around phenol production are pushing manufacturers to adopt more sustainable methods, adding to the evolving industry landscape. These combined factors are shaping the current market trends for phenol.

Phenol Prices Second Quarter 2024:

United States: 1082 USD/MT
Japan: 947 USD/MT
Germany: 1571 USD/MT

Factors Influencing Phenol Price Trend Across the Regions:

In North America

During Q2 2024, phenol prices in North America increased, largely due to rising crude oil prices. OPEC+ maintained high oil demand forecasts, which drove up oil costs and, in turn, raised production costs for phenol. Increased fuel demand during the summer months further contributed to the price hike. The recovery of the construction sector also boosted phenol demand, particularly in the U.S., where prices saw significant shifts. However, geopolitical tensions in the Red Sea caused shipping disruptions, and rising borrowing costs from Federal Reserve inflation measures added pressure on the manufacturing sector.

In the Asia Pacific

Phenol prices in the Asia Pacific region saw a notable increase due to supply constraints and growing demand from key downstream industries. Rising crude oil prices, driven by geopolitical tensions in Europe and the Middle East, contributed to higher production costs. Manufacturers in Japan faced fluctuating demand as China ramped up production levels. Although buyers were cautious, demand rebounded post-holiday periods, and rising input costs supported market growth. Japan experienced the most significant price changes, reflecting positive industry sentiment amid ongoing supply challenges.

In Europe

The European phenol prices displayed mixed trends, influenced by varying demand and supply conditions. Early in the quarter, weak demand from the downstream Bisphenol A sector led to lower procurement and decreased phenol prices. Limited support from upstream benzene costs also contributed to the downturn. However, the latter half of the quarter saw a recovery in phenol prices due to higher freight rates and crude oil costs. Germany saw the most significant price increases, driven by seasonal demand and higher oil consumption during the summer months.

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Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
North America: United States and Canada.
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru.
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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