Phenol Prices Steady as Supply Increases from Abundant Benzene and Propylene Sources

𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝗣𝗵𝗲𝗻𝗼𝗹 𝗣𝗿𝗶𝗰𝗲𝘀 𝗠𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗤𝟮:

𝗣𝗵𝗲𝗻𝗼𝗹 𝗣𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀:

In Q2 2024, phenol prices in the United States rose to 1,082 USD/MT by June, largely driven by a combination of supply chain disruptions, increased seasonal demand, and rising freight rates. The global supply chain faced challenges due to logistical bottlenecks and regional conflicts, which led to delays and higher shipping costs, further pushing up production expenses. Additionally, seasonal consumption, particularly from industries like automotive and construction, contributed to a surge in demand, tightening supply and driving prices higher. Despite these pressures, producers managed to maintain a balance between supply and demand, ensuring a relatively stable yet upward price trend for phenol in the U.S. market during the quarter.

𝗦𝗽𝗲𝗮𝗸 𝗧𝗼 𝗔𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁: https://www.imarcgroup.com/request?type=report&id=22538&flag=C

𝗔𝗣𝗔𝗖 𝗣𝗵𝗲𝗻𝗼𝗹 𝗣𝗿𝗶𝗰𝗲𝘀 𝗠𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗤𝟮:

𝗣𝗵𝗲𝗻𝗼𝗹 𝗣𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗝𝗮𝗽𝗮𝗻:

In Q2 2024, Japan's phenol prices experienced notable price fluctuations, influenced by several key factors. Seasonal demand shifts in downstream industries created periods of higher consumption, which manufacturers capitalized on by strategically increasing prices. Limited supply, partly due to disruptions in raw material availability and rising costs, further contributed to price volatility. Additionally, changes in petrochemical operations and production strategies also played a role, as manufacturers adjusted to these challenges to maintain market stability. Despite the fluctuations, strong demand and the industry's ability to navigate supply constraints led to a steady market, with phenol prices ending the quarter at 947 USD/MT in June.

𝗘𝘂𝗿𝗼𝗽𝗲 𝗣𝗵𝗲𝗻𝗼𝗹 𝗣𝗿𝗶𝗰𝗲𝘀 𝗠𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗤𝟮:

𝗣𝗵𝗲𝗻𝗼𝗹 𝗣𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗚𝗲𝗿𝗺𝗮𝗻𝘆:

In Q2 2024, phenol prices in Germany experienced significant fluctuations, influenced by multiple market factors. Seasonal demand, particularly driven by increased summer crude oil consumption, played a pivotal role in driving prices upward. However, rising raw material costs, including those for petrochemical feedstocks, exerted pressure on the market, adding complexity to pricing trends. Additionally, global supply pressures, exacerbated by disruptions in production and logistical challenges, contributed to ongoing price volatility. Despite these challenges, the market remained resilient, maintaining a strong pricing environment throughout the quarter. By June, phenol was priced at 1,571 USD/MT, reflecting the balanced yet volatile dynamics at play in the German market.

𝗛𝗼𝘄 𝗜𝗠𝗔𝗥𝗖 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗗𝗮𝘁𝗮𝗯𝗮𝘀𝗲 𝗖𝗮𝗻 𝗛𝗲𝗹𝗽

The latest IMARC Group study, "𝗣𝗵𝗲𝗻𝗼𝗹 𝗣𝗿𝗶𝗰𝗲𝘀, 𝗧𝗿𝗲𝗻𝗱, 𝗖𝗵𝗮𝗿𝘁, 𝗗𝗲𝗺𝗮𝗻𝗱, 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗡𝗲𝘄𝘀, 𝗛𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗗𝗮𝘁𝗮 𝟮𝟬𝟮𝟰 𝗘𝗱𝗶𝘁𝗶𝗼𝗻," presents a detailed analysis of Phenol price trend, offering key insights into global Phenol market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Phenol demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝘁𝗼 𝗚𝗲𝘁 𝘁𝗵𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/phenol-pricing-report/requestsample

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀:

IMARC Group
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𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
𝗧𝗲𝗹 𝗡𝗼: (D) +91 120 433 0800
𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: +1-631-791-1145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.