Phenol Demand & Supply, Price Trend, Forecast Data | IMARC
North America Phenol Prices Movement Q2:
Phenol Prices in the United States:
| Product | Category | Price |
| Phenol | Petrochemicals | 1082 USD/MT |
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.
Unlock Real-Time Phenol Prices Trend Today: https://www.imarcgroup.com/phenol-pricing-report
APAC Phenol Prices Movement Q2:
Phenol Prices in Japan:
| Product | Category | Price |
| Phenol | Petrochemicals | 947 USD/MT |
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:
| Product | Category | Price |
| Phenol | Petrochemicals | 1571 USD/MT |
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 the 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 the Phenol price trend, offering key insights into global Phenol market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major market shifts.
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. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.
Unlock Real-Time Phenol Prices Trend Today: https://www.imarcgroup.com/phenol-pricing-report
Key Features:
| Key Attributes | Details |
| Product Name | Phenol |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Phenol Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Information Covered for Key Suppliers | · Company Overview· Business Description· Recent Trends and Developments |
| Customization Scope | The report can be customized as per the requirements of the customer |
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, benchmarking analyses, pricing and cost research, and procurement research.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145
