Phenol Pricing Trend and Forecast

Description

Phenol pricing witnessed a mixed trend in the USA market during the third quarter of 2022. During the initial of Q3, Phenol prices increased by more than 5%, supported by insufficient material availability. High upstream prices, soaring inflation rate, and mounting energy prices have weighed upward pressure on the Phenol prices. On the other side, consumption from the domestic as well as from overseas markets has been stable. While during mid-Q3, Phenol prices plummeted by more than 10% due to weak demand dynamics and a fall in feedstock cumene prices. The demand from downstream derivative industries remained mostly stable amid sufficient inventory levels, resulting in deteriorated pricing dynamics. However, toward the end of Q3, Phenol prices marginally increased by 1% due to the improvement in the buying activities from the domestic market. As a result, prices of Phenol FOB Louisiana were assessed at USD 1642/MT during September.

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