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Phenol Price Trend and Forecast

UNSPC code: 12191503
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026

phenol Price Trends by Country

auAustralia
beBelgium
brBrazil
caCanada
cnChina
inIndia
jpJapan
mxMexico
nlNetherlands
sgSingapore
thThailand
krSouth Korea
usUnited States

Global phenol Spot Market Prices, Trend Analysis and Forecast

Price Watchâ„¢ provides real-time price assessments and price forecasts for Phenol across top trading regions:

Phenol Regional Coverage Phenol Grade and Country Coverage Phenol Pricing Data Coverage Explanation
Asia-Pacific Phenol Pricing Analysis Phenol Industrial Grade (>99%) FOB Prices at Map Ta Phut Port, Thailand Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Export Prices from Map Ta Phut Port, Thailand to Global Markets
Phenol Industrial Grade (>99%) FOB Prices at Busan Port, South Korea Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Export Prices from Busan Port, South Korea to Global Markets
Phenol Industrial Grade (>99%) FOB Prices at Singapore Port, Singapore Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Export Prices from Singapore Port, Singapore to Global Markets
Phenol Industrial Grade (>99%) CIF Prices at Shanghai Port, China (Imported from South Korea) Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Import Prices at Shanghai Port, China from South Korea
Phenol Industrial Grade (>99%) CIF Prices at Yokohama Port, Japan (Imported from South Korea) Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Import Prices at Yokohama Port, Japan from South Korea
Phenol Industrial Grade (>99%) CIF Prices at Melbourne Port, Australia (Imported from South Korea) Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Import Prices at Melbourne Port, Australia from South Korea
Phenol Industrial Grade (>99%) Ex-Mumbai Domestic Prices, India Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Domestic Prices in Mumbai, West India
Phenol Industrial Grade (>99%) Ex-Kandla Domestic Prices, India Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Domestic Prices in Kandla, West India
Phenol Industrial Grade (>99%) Ex-Shanghai Domestic Prices, China Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Domestic Prices in Shanghai, China
  Phenol Industrial Grade (>99.5%) CIF Prices at Nhava Sheva Port, India (Imported from Thailand) Weekly Price Update on Phenol Industrial Grade (>99.5%) Real-Time Import Prices at Nhava Sheva Port, India from Thailand.
North America Phenol Pricing Analysis Phenol Industrial Grade (>99%) FOB Prices at Houston Port, USA Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Export Prices from Houston Port, USA to Global Markets
Phenol Industrial Grade (>99%) CIF Prices at Manzanillo Port, Mexico (Imported from USA) Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Import Prices at Manzanillo Port, Mexico from USA
Phenol Industrial Grade (>99%) CIF Prices at Montreal Port, Canada (Imported from USA) Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Import Prices at Montreal Port, Canada from USA
Europe Phenol Pricing Analysis Phenol Industrial Grade (>99.5%) CIF Prices at Rotterdam Port, Netherlands (Imported from USA) Weekly Price Update on Phenol Industrial Grade (>99.5%) Real-Time Import Prices at Rotterdam Port, Netherlands from USA
Phenol Industrial Grade (>99%) FD Antwerp Domestic Prices, Belgium Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Domestic Prices in Antwerp, Belgium
South America Phenol Pricing Analysis Phenol Industrial Grade (>99%) CIF Prices at Santos Port, Brazil (Imported from USA) Weekly Price Update on Phenol Industrial Grade (>99%) Real-Time Import Prices at Santos Port, Brazil from USA

Phenol Price Forecasts & Market Foresight Q3 2026

Outlook: Bearish to Strongly Bearish

Confidence: Medium- High

Phenol prices are expected to remain in a correction phase globally through Q3 2026, as easing Middle East tensions normalize crude oil and benzene costs alongside comfortable supply. Europe and Asia are likely to see the correction peak in July before moderating into September, with India’s monsoon further weighing on demand. North America is anticipated to see milder stabilization, with balanced fundamentals limiting sharp declines despite slight easing.

Global Phenol Market Overview by Region (July–September 2026)

Country Grade/ Incoterm Outlook
Belgium  Industrial Grade (Purity: >99.5%) FD Antwerp  Strongly Bearish
USA  Industrial Grade (Purity: >99.5%) FOB Houston  Stable to Bearish
Brazil  Industrial Grade (Purity: >99.5%) CIF Santos (USA)  Mildly Bearish to Bearish
Mexico  Industrial Grade (Purity: >99.5%) CIF Manzanillo (USA)  Mildly Bearish to Bearish
Canada  Industrial Grade (Purity: >99.5%) CIF Montreal (USA)  Mildly Bearish to Bearish
Netherlands  Industrial Grade (Purity: >99.5%) CIF Rotterdam (USA)  Mildly Bearish to Bearish
Singapore  Industrial Grade (Purity: >99.5%) FOB Port of Singapore  Bearish to Strongly Bearish
South Korea  Industrial Grade (Purity: >99.5%) FOB Busan  Bearish to Strongly Bearish
Japan  Industrial Grade (Purity: >99.5%) CIF Yokohama (South Korea)  Bearish to Strongly Bearish
Australia  Industrial Grade (Purity: >99.5%)CIF Melbourne (South Korea)  Bearish to Strongly Bearish
Thailand  Industrial Grade (Purity: >99.5%) FOB Map Ta Phut  Bearish to Strongly Bearish
India  Industrial Grade (Purity: >99.5%)CIF Nhava Sheva (Thailand)  Strongly Bearish
India  Industrial Grade  (Purity: >99.5%)Ex-Mumbai  Bearish to Strongly Bearish
India  Industrial Grade (Purity: >99.5%) Ex-Kandla  Strongly Bearish
China  Industrial Grade (Purity: >99.5%)Ex-Shanghai  Bearish to Strongly Bearish
China  Industrial Grade (Purity: >99.5%) CIF Shanghai (South Korea)  Bearish to Strongly Bearish

*Phenol Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ Phenol Forecast

Access comprehensive Phenol market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ Phenol Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in benzene feedstock costs, energy prices, producer operating rates, plant outages, inventory levels, trade flows, freight rates, downstream demand from bisphenol-A, phenolic resins, caprolactam, and other industrial sectors, along with geopolitical developments affecting the global phenol market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

Track Supply Chain Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact Phenol markets.

Access the Price Watch™ GIO Tracker

Phenol Price Trend Q2 2026

During Q2 2026, Phenol prices across global markets recorded an exceptional average quarterly increase of approximately 40%. This was driven by peak crisis conditions surrounding the USA Israel vs Iran conflict and the critical closure threat to the Strait of Hormuz, which severely disrupted Crude Oil supply chains and drove energy and Benzene chain feedstock costs to exceptional levels worldwide.

India and the USA recorded the steepest surges, exceeding 57%, while European and Americas linked markets posted gains between 50% and 56%. South Korea and Japan led Asian gains at over 32%.

The Phenol Price Chart and the Phenol Price Index showed a divergent June, with the USA, Brazil, Mexico, Canada, and the Netherlands still climbing while Belgium, Singapore, South Korea, Japan, Australia, Thailand, India, and China began correcting.

Belgium: Phenol Domestically Traded Prices FD Antwerp, Belgium, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in Belgium surged by around 21% in Q2 2026. Peak crisis conditions tied to the USA Israel vs Iran conflict and the Strait of Hormuz closure threat drove energy and Benzene chain feedstock costs to extraordinary levels across the European petrochemical complex.

An already energy stressed market saw producers’ remaining capacity overwhelmed by the shock. The Phenol Price in Belgium stayed at peak levels as energy intensive cumene based production bore the compounding burden.

However, in June 2026, Phenol Prices in Belgium fell by around 3%, as participants moderated procurement following the period of significant elevation.

USA: Phenol Export Prices FOB Houston, USA, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in the USA surged by around 58% in Q2 2026, among the steepest gains of any monitored market. The Strait of Hormuz closure threat and the USA Israel vs Iran conflict disrupted Crude Oil supply chains and pushed domestic feedstock costs to exceptional levels.

Benzene and cumene chain shocks severely constrained production economics through the quarter. The Phenol Price in the USA stayed at peak levels as resin and chemical manufacturing demand met critically constrained supply.

In June 2026, Phenol Prices in the USA rose a further 5%, as continued tightness and firm demand kept export pricing climbing.

Brazil: Phenol Imported Prices CIF Santos from USA, Brazil, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in Brazil surged by around 55% in Q2 2026. Elevated US FOB prices and Crude Oil linked feedstock costs, driven by the USA Israel vs Iran conflict and the Strait of Hormuz threat, transmitted forcefully into Brazilian import valuations.

Resin and chemical manufacturing demand met severely constrained import conditions through the quarter. The Phenol Price in Brazil stayed at peak levels as a result. In June 2026, Phenol Prices in Brazil rose a further 5%, as continued supply tightness and firm demand kept import valuations climbing.

Mexico: Phenol Imported Prices CIF Manzanillo from USA, Mexico, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in Mexico surged by around 55% in Q2 2026. Elevated US FOB prices and Benzene chain feedstock costs, tied to the USA Israel vs Iran conflict and the Strait of Hormuz threat, transmitted into Mexican import valuations.

Origin side supply availability tightened sharply, pushing procurement costs to exceptional levels through the quarter. The Phenol Price in Mexico stayed at peak levels as chemical manufacturing demand met constrained import conditions.

In June 2026, Phenol Prices in Mexico rose a further 5%, as continued tightness and firm demand kept import valuations climbing.

Canada: Phenol Imported Prices CIF Montreal from USA, Canada, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in Canada surged by around 50% in Q2 2026. Elevated US FOB prices and Crude Oil linked feedstock costs, tied to the USA Israel vs Iran conflict and the Strait of Hormuz threat, transmitted forcefully into Canadian import valuations.

Phenol availability tightened sharply through the quarter as a result. The Phenol Price in Canada stayed at peak levels as resin and chemical manufacturing demand met significantly constrained import conditions. In June 2026, Phenol Prices in Canada rose a further 5%, as continued supply tightness and firm demand kept import valuations climbing.

Netherlands: Phenol Imported Prices CIF Rotterdam from USA, Netherlands, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in the Netherlands surged by around 56% in Q2 2026. Elevated US FOB prices and Crude Oil chain feedstock costs, tied to the USA Israel vs Iran conflict and the Strait of Hormuz threat, transmitted into Dutch import valuations.

Origin side supply availability tightened sharply, driving procurement costs to exceptional levels. The Phenol Price in the Netherlands stayed at peak levels as chemical and resin manufacturing buyers absorbed the elevated costs.

In June 2026, Phenol Prices in the Netherlands rose a further 4%, as continued tightness and firm demand kept import valuations climbing.

Singapore: Phenol Export Prices FOB Port of Singapore, Singapore, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in Singapore surged by around 27% in Q2 2026. The Strait of Hormuz closure threat and the USA Israel vs Iran conflict drove regional Benzene chain feedstock costs to critical levels across the Asian petrochemical complex.

Singapore’s role as a regional trading hub amplified the transmission of upstream cost pressure into export pricing. The Phenol Price in Singapore stayed at peak levels through the quarter as a result.

In June 2026, Phenol Prices in Singapore fell by around 3%, as participants began moderating procurement following the period of significant elevation.

South Korea: Phenol Export Prices FOB Busan, South Korea, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in South Korea surged by around 32% in Q2 2026. The Strait of Hormuz closure threat and the USA Israel vs Iran conflict tightened Crude Oil availability, driving cumene and Benzene chain feedstock costs to exceptional levels. Refining and petrochemical operating economics compressed sharply through the quarter.

The Phenol Price in South Korea stayed at peak levels as producers adjusted pricing to the elevated input cost environment. In June 2026, Phenol Prices in South Korea fell by around 5%, as procurement activity moderated across key importing markets.

Japan: Phenol Imported Prices CIF Yokohama from South Korea, Japan, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in Japan surged by around 32% in Q2 2026. Elevated South Korean FOB prices and Crude Oil linked feedstock costs, tied to the USA Israel vs Iran conflict and the Strait of Hormuz threat, transmitted into Japanese import valuations.

South Korean production economics and feedstock availability tightened sharply through the quarter. The Phenol Price in Japan stayed at peak levels as resin and chemical demand met constrained import conditions. In June 2026, Phenol Prices in Japan fell by around 4%, as import valuations began to stabilize.

Australia: Phenol Imported Prices CIF Melbourne from South Korea, Australia, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in Australia climbed by around 29% in Q2 2026. South Korean producers absorbed the full force of regional feedstock chain disruption tied to the USA Israel vs Iran conflict and the Strait of Hormuz threat, and this transmitted forcefully into CIF Melbourne valuations.

The Phenol Price in Australia stayed at peak levels as import dependent buyers had minimal scope for cost mitigation. However, in June 2026, Phenol Prices in Australia fell by around 2%, as procurement activity moderated following the period of significant elevation.

Thailand: Phenol Export Prices FOB Map Ta Phut, Thailand, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in Thailand rose by around 25% in Q2 2026. Crude Oil availability tightened sharply amid the USA Israel vs Iran conflict and the Strait of Hormuz threat, pushing Benzene and Cumene chain feedstock costs to critical levels.

Domestic manufacturing economics and regional export availability tightened through the quarter. The Phenol Price in Thailand stayed at peak levels as elevated energy costs combined with sustained export demand.

However, in June 2026, Phenol Prices in Thailand fell by around 2%, as market participants moderated procurement activity through the month.

India: Phenol Domestically Traded Prices Ex-Kandla, India, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in India recorded the steepest quarterly surge of any monitored market at around 58%. Crude Oil supply disruption tied to the USA Israel vs Iran conflict and the Strait of Hormuz threat pushed domestic Benzene chain feedstock and energy costs to extraordinary levels.

Domestic production availability compressed severely through the quarter. The Phenol Price in India stayed at exceptional levels as resins, adhesives, and chemical demand met extreme supply constraints.

However, in June 2026, Phenol Prices in India fell by around 7%, as buyers moderated procurement amid the accumulated cost burden.

China: Phenol Domestically Traded Prices Ex-Shanghai, China, Grade-Industrial (Purity >99.5%)

The Phenol Price Trend in China rose by around 14% in Q2 2026. The USA Israel vs Iran conflict and the Strait of Hormuz threat elevated Crude Oil prices and pushed up domestic Benzene and cumene feedstock costs, tightening production economics.

Firm demand from resin and Bisphenol-A producers supported sustained appreciation through the quarter. The Phenol Price in China stayed elevated as producers adjusted pricing to higher input costs. In June 2026, Phenol Prices in China fell by around 4%, as domestic market pricing moderated during the month.

Phenol Price Trend Analysis: Q1 2026

Phenol Price Trend Q1 2026

During Q1 2026, Phenol prices across global markets exhibited a broadly bullish trend, driven by a confluence of geopolitical uncertainties, rising crude oil prices, and tightening benzene chain feedstock availability.

European markets were shaped by the dual burden of pre-existing elevated energy costs further compounded by geopolitical instability stemming from the USA-Israel vs Iran conflict, while Asian markets experienced moderate to firm appreciation as regional feedstock supply chains came under pressure.

India recorded the most substantial domestic price escalation, while the USA and Americas-linked markets posted comparatively contained increases tracking origin-side FOB movements.

The Phenol price trend across all monitored regions reflected the pervasive influence of upstream cost pressures throughout the quarter.

USA: Phenol Export prices FOB Houston, USA, Grade-Industrial (Purity >99%)

According to Price-Watchâ„¢, In Q1 2026, Phenol price in the USA climbed by approximately 2%, as the USA-Israel vs Iran conflict disrupted crude oil supply chains and exerted upward pressure on benzene and cumene feedstock costs underpinning domestic phenol production.

The Phenol price trend in the USA reflected a market where domestic production capacity partially cushioned the broader impact of geopolitical and feedstock cost pressures, limiting the extent of price appreciation relative to other regions. Phenol prices remained supported by steady downstream demand from resin and chemical manufacturing sectors throughout the quarter.

In March 2026, Phenol price in the USA rose by around 10%, as geopolitical instability intensified crude oil price volatility, transmitting more sharply into domestic feedstock economics during the month.

Belgium: Phenol Domestically Traded prices FD Antwerp, Belgium, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol price in Belgium recorded a significant increase of approximately 28%, reflecting the compounding effect of already elevated European energy prices further aggravated by heightened geopolitical uncertainties, which pushed crude oil prices higher and intensified upstream feedstock cost pressures across the benzene chain.

The Phenol price trend in Belgium was shaped by a market that had been grappling with persistently high energy costs prior to the onset of geopolitical instability, leaving producers with limited capacity to absorb additional input cost shocks.

Phenol prices remained firmly elevated as energy-intensive cumene-based production operations bore the brunt of simultaneous energy and feedstock cost inflation during the quarter.

In March 2026, Phenol price in Belgium rose by around 8%, as the USA-Israel vs Iran conflict continued to underpin elevated crude oil prices, sustaining production cost pressures across the European chemical complex.

Brazil: Phenol Imported prices CIF Santos from USA, Brazil, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol price in Brazil rose by approximately 3%, reflecting the passthrough of rising USA FOB prices into the Brazilian import market, further compounded by higher freight costs experienced during the quarter.

The Phenol price trend in Brazil was shaped by elevated origin-side pricing as US producers absorbed geopolitical cost pressures stemming from the USA-Israel vs Iran conflict, with freight additions amplifying the overall cost increase for Brazilian buyers.

Phenol prices remained relatively contained as downstream procurement activity remained steady despite the incremental cost burden imposed by both origin pricing and logistics during the quarter.

In March 2026, Phenol price in Brazil increased by around 9%, as firming US FOB prices and sustained freight costs continued to elevate import valuations during the month.

Mexico: Phenol Imported prices CIF Manzanillo from USA, Mexico, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol price in Mexico rose by approximately 2%, largely tracking the upward FOB trend from the primary US supply origin amid stable freight conditions during the quarter.

The Phenol price trend in Mexico was shaped by modest origin-side cost increases as prevailing geopolitical uncertainties pushed US production costs marginally higher. Phenol prices remained broadly stable as steady freight rates under CIF Manzanillo terms limited the transmission of sharper price movements into the Mexican import market.

Downstream buyers maintained regular procurement activity throughout the quarter. In March 2026, Phenol price in Mexico increased by around 9%, as firming US FOB prices driven by the USA-Israel vs Iran conflict transmitted more directly into import valuations during the month.

Canada: Phenol Imported prices CIF Montreal from USA, Canada, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol price in Canada recorded a marginal increase of approximately 1.5%, tracking the upward FOB trend from the primary US supply origin under stable freight conditions.

The Phenol price trend in Canada reflected the restrained passthrough of origin-side cost increases into the Canadian import market, with predictable logistics costs limiting broader price escalation.

Phenol prices remained largely stable throughout the quarter as downstream buyers absorbed modest cost increments without significant disruption to procurement patterns.

In March 2026, Phenol price in Canada rose by around 8%, as accelerating US FOB price appreciation linked to the USA-Israel vs Iran conflict began transmitting more forcefully into Canadian import valuations during the month.

Netherlands: Phenol Imported prices CIF Rotterdam from USA, Netherlands, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol price in the Netherlands rose by approximately 2%, reflecting the passthrough of rising US FOB prices into the Dutch import market under stable freight conditions during the quarter.

The Phenol price trend in the Netherlands was shaped by moderate origin-side cost increases as geopolitical uncertainties elevated US production economics, with steady logistics costs containing the magnitude of price transmission.

Phenol prices remained relatively contained compared to domestically produced European grades, as CIF import parity partially insulated buyers from the full extent of regional energy cost pressures.

In March 2026, Phenol price in the Netherlands increased by around 9%, as firming US FOB prices driven by geopolitical instability transmitted more sharply into import market valuations during the month.

Singapore: Phenol Export prices FOB Singapore, Singapore, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol price in Singapore increased by approximately 10%, as the broader Asian market came under pressure from the USA-Israel vs Iran conflict, which tightened crude oil availability and compressed benzene chain feedstock supply across the region.

The Phenol price trend in Singapore reflected rising production costs as cumene feedstock availability tightened amid regional supply chain stress.

Phenol prices remained elevated as Singapore’s position as a key Asian trading hub amplified the transmission of upstream cost pressures into export pricing during the quarter.

In March 2026, Phenol price in Singapore surged by around 26%, as intensified crude oil price volatility and acute benzene chain tightness across Asian petrochemical markets drove sharp upward price adjustments during the month.

South Korea: Phenol Export prices FOB Busan, South Korea, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol prices in South Korea climbed by approximately 7%, driven by geopolitical instability stemming from the USA-Israel vs Iran conflict that disrupted crude oil supply chains and tightened benzene and cumene feedstock availability for domestic phenol producers.

The Phenol price trend in South Korea reflected escalating production economics as raw material costs rose alongside heightened international uncertainties affecting key petrochemical input chains.

Phenol prices remained firm throughout the quarter as export-oriented producers adjusted pricing to reflect higher operational costs amid sustained regional demand.

In March 2026, Phenol price in South Korea surged by around 32%, as feedstock chain disruptions intensified sharply with cumene and benzene availability tightening severely under the pressure of geopolitical supply shocks during the month.

Japan: Phenol Imported prices CIF Yokohama from South Korea, Japan, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol price in Japan rose by approximately 7%, reflecting the passthrough of rising South Korean FOB prices into the Japanese import market under stable freight conditions during the quarter.

The Phenol price trend in Japan was shaped by elevated origin-side costs as South Korean producers faced tightening feedstock availability and higher production economics driven by regional geopolitical uncertainties linked to the USA-Israel vs Iran conflict.

Phenol prices remained supported by steady downstream demand from resin and chemical manufacturing industries, with buyers absorbing incremental cost increases throughout the quarter.

In March 2026, Phenol price in Japan increased by around 31%, as sharply rising South Korean FOB prices driven by acute feedstock chain tightness transmitted forcefully into Japanese import valuations during the month.

Australia: Phenol Imported prices CIF Melbourne from South Korea, Australia, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol price in Australia rose by approximately 3%, tracking the upward FOB trend from the primary South Korean supply origin, with lower freight costs recorded during the quarter partially limiting the extent of upward price transmission.

The Phenol price trend in Australia reflected moderate import cost increases as origin-side pricing firmed on geopolitical feedstock disruptions, while favorable logistics conditions provided some degree of cost mitigation for downstream buyers.

Phenol prices remained relatively contained compared to other Asian markets during the quarter. In March 2026, Phenol price in Australia increased by around 28%, as sharply rising South Korean FOB prices driven by feedstock chain tightness overwhelmed the moderating influence of freight costs, pushing import valuations significantly higher during the month.

Thailand: Phenol Export prices FOB Map Ta Phut, Thailand, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol price in Thailand increased by approximately 11%, as the Asian petrochemical market came under broad pressure from the USA-Israel vs Iran conflict, which disrupted crude oil supply chains and tightened benzene chain feedstock availability across the region.

The Phenol price trend in Thailand reflected rising domestic production costs as cumene feedstock availability tightened amid regional supply uncertainties, with export pricing adjusting accordingly to reflect higher input cost burdens.

Phenol prices remained firm throughout the quarter as constrained regional supply supported upward price momentum alongside steady export demand.

In March 2026, Phenol price in Thailand surged by around 26%, as intensified geopolitical uncertainties drove acute feedstock chain tightness, pushing domestic production costs and export pricing sharply higher during the month.

India: Phenol Domestically Traded prices Ex-Kandla, India, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol prices in India recorded a substantial increase of approximately 12%, driven by the significant domestic market impact of the USA-Israel vs Iran conflict, which elevated crude oil prices and caused sharp appreciation across the benzene chain, directly pressuring phenol production economics.

The Phenol price trend in India reflected tightening local supply as benzene-derived feedstock costs surged, while downstream demand from resins, adhesives, and chemical sectors remained firm throughout the quarter.

Phenol prices rose sharply as the combination of import cost escalation and constrained domestic production availability created acute supply-demand imbalances.

In March 2026, Phenol price in India surged by around 51%, as cumulative crude oil driven benzene chain inflation reached peak intensity, pushing domestic ex-works phenol prices to significantly elevated levels during the month.

China: Phenol Domestically Traded prices Ex Shanghai, China, Grade-Industrial (Purity >99%)

In Q1 2026, Phenol prices in China increased by approximately 10%, as rising crude oil prices driven by geopolitical uncertainties surrounding the USA-Israel vs Iran conflict exerted upward pressure on domestic benzene and cumene feedstock costs, tightening production economics across the Chinese phenol manufacturing sector.

The Phenol price trend in China reflected firm downstream demand from resin and bisphenol-A producing industries alongside constrained feedstock availability, supporting sustained price appreciation throughout the quarter.

Phenol prices remained elevated as domestic producers adjusted pricing in response to higher input costs and steady offtake from downstream chemical sectors.

In March 2026, Phenol price in China rose by around 17%, as intensifying crude oil price pressures continued to elevate benzene chain costs, pushing domestic market phenol pricing higher during the month.

Phenol Price Trend Analysis 2025

Phenol Price Trend Q1 2025

In Q1 2025, the Phenol (Industrial Grade Purity: >99.5%) market recorded a mild reduction in prices with South Korea FOB Busan at $1015/MT, a drop of -2.40% compared to the previous quarter. The drop came due to a marginal fall in demand after the holiday season, mostly from the Packaging and Construction segments.

Though tight supply did exist, the high cost of production as well as overall global economic instability saw a drop in price. Also, logistical issues in major production areas kept impacting the supply chain, causing inefficiencies in distribution and production, which prevented prices from increasing any further.

Nevertheless, the market was quite stable as demand from necessary industries such as Medical and Consumer Goods kept offering some support.

In Q1 2025, India Ex-Kandla Phenol (Industrial Grade Purity: >99.5%) prices dipped again to $960/MT, a –11.93% drop from Q4 2024. The market remained subdued with low demand from major sectors since most industries tend to move slowly in the first quarter of the year.

Elevated inventory levels and nervous buyer sentiment because of recent price volatilities also led to the price decline. Most buyers waited and watched, further suppressing prices. 

Phenol Price Trend Q2 2025

According to the PriceWatch, In Q2 2025, the Phenol market in South Korea was under strong bearish pressure, and the price fell to USD 870 per metric ton, which was down by -13.9% Q-o-Q due to oversupply and lacklustre downstream demand.

The Phenolic resin market saw muted trading during high inventories and risk-averse procurement practices, with large consuming sectors such as construction and auto industries witnessing sluggish recovery trends.

Even while lower-cost feedstock prices on Benzene softened some of the production strain, this was not sufficient to spark buying momentum over bearish sentiment. Export markets softened as Southeast Asian and Chinese markets showed superior local availability alongside strong price resistance from overseas buyers.

Domestic use stayed soft with domestic manufacturing units retaining high stock levels, causing guarded buying choices and tardy procurement activity. Transportation expense was flat with some decline but was not enough to counteract overall bearish sentiment in the market to influence trade volume.

Traders used a just-in-time buying strategy, diminishing order frequency and volume, while warehouses regionally saw increased levels of use translating to inventory buildup in the supply chain. Competitive forces were increased as suppliers were more concerned with cash flow rather than margins, allowing for price negotiation to become buyer more favourable.

The quarter closed with persistent oversupply conditions and unsatisfactory downstream consumption to absorb incumbent inventories, resulting in a persistent bearish environment where economic uncertainty and volatile raw material markets remained in control of decision-making but had little price support as participants were struggling with unfavourable demand conditions and rolling over excess supply positions.

According to the PriceWatch, India (Ex-Kandla) Phenol prices, increased to USD 987.7 per metric ton for Q2 2025, a quarterly increase of +2.07%. This minor increase was brought about by relentless demand from India’s local resin and laminates business. While the world was presented with the economic test and lacklustre export demand, India’s downstream markets were quite strong.

The construction industry and furniture industry held firm buying levels due to pre-monsoon project activity. Pre-monsoon restocking in anticipation of the monsoon improved strong offtake in certain markets. Finally, Q2 concluded on a soft price rally fueled by strong downstream demand from building, automotive, and electronic industries.

Also, foreign crude volatility influenced foreign phenol prices, and Indian dependency on imports during off-season domestic capacity times even led to the degree of pinching foreign supply, particularly from Southeast Asia and the Middle East.

The Indian economy also benefited from improved logistics infrastructure as well as well-disciplined port operations that facilitated smoother import flows even in episodes of periodic supply chain breakdown.

Domestic wholesalers had smooth inventory turnovers, which reflected strong demand absorption at major industrial hubs such as Mumbai, Delhi, and Chennai. INR-USD exchange rate volatility made it difficult to estimate the exchange rate for importers, and they used hedging to hedge exchange rate risk.

Besides, the shift in environmental policy regarding compliance encouraged some downstream manufacturers to re-orient their patterns of using phenol, and quarter demand patterns become healthier, therefore. The overall sentiment in the market was optimistic but cautious, since market specialists felt that the stability would be transferred to following months.  

Phenol Price Trend Q3 2025

In Q3 2025, the global Phenol market displayed a mixed and fluctuating performance across regions. Western markets such as the USA, Canada, Brazil, and Mexico reflected a positive trend supported by consistent downstream activity in the automotive, electronics, and chemical sectors. European markets remained comparatively stable, showing marginal upward movement amid balanced demand and steady production.

In contrast, the Asia-Pacific region witnessed some weakness, particularly in South Korea, Japan, and Australia, where competitive pricing and softer regional demand weighed on market sentiment.

Overall, the global market stayed reasonably balanced, supported by steady feedstock supply, moderate freight conditions, and stable industrial operations, though regional demand disparities shaped the pricing direction.

Belgium: (Domestically Traded Phenol price in Belgium) Industrial-Grade (Purity >99%).

Phenol prices in Belgium registered firm performance in Q3 2025 on the back of robust demand from chemical production and adhesive manufacturing industries. Phenol price trend in Belgium showed resilience during moderate stabilization of raw material costs. Phenol price movement in Belgium indicated a minor rise of 0.49%, which indicated balanced market conditions.

Phenol prices in Belgium remained between USD 810-900 per metric ton, with supportive underlying market conditions maintaining price resilience. Sustained industrial production and availability of feedstocks ensured stable pricing during the quarter. In September 2025, Phenol prices in Belgium dropped by 4.86% due to subdued regional demand and steady stock availability. Buyers maintained conservative purchasing amid weak downstream consumption.

USA: (Phenol Export price from USA) Industrial-Grade (Purity >99%).

During Q3 2025, Phenol price trend in USA exhibited strong performance led by strong downstream demand from the automotive, electronics, and chemical manufacturing industries. USA Phenol price depicted significant strength with a gain of 4.46% during the quarter, indicating constant industrial consumption and capacity utilization.

Phenol price trend in the USA was underpinned by strong downstream demand and steady regional market activity. According to PriceWatch, Phenol prices at Houston were between USD 1020-1100 per metric ton, reflecting the sustainability of the market in the face of strong economic activity.

Steady capacity investments underpinned healthy pricing conditions over the quarter. In September 2025, Phenol prices in the USA fell by 4.02%, pressured by high domestic inventories and slower spot activity. Sellers lowered offers to stimulate market movement.

Brazil: (Phenol Import price in Brazil from USA) Industrial-Grade (Purity >99%).

During Q3 2025, The Phenol prices in Brazil demonstrated strong performance, backed by high downstream demand from the manufacturing of chemicals and specialty materials and freight charges followed an upward trend in Brazil, reflecting tighter regional shipping availability and adding cost support to market valuations.

The Phenol price trend in Brazil appreciated by 4.85% during the quarter, reflecting steady industrial consumption and consistent regional dynamics. The Santos market recorded price fluctuations between USD 1070–1150 per metric ton, underscoring market resilience amid robust economic activity.

Favourable regional momentum and stable feedstock availability further reinforced positive pricing sentiment throughout the quarter. In September 2025, Phenol prices in Brazil declined by 3.85% as muted buying interest and moderate supply levels restrained price stability. Market sentiment remained largely cautious.

Mexico: (Phenol Import price in Mexico from USA) Industrial-Grade (Purity >99%).

During Q3 2025, The Phenol prices in USA displayed steady performance, underpinned by consistent demand from the chemical and specialty materials industries, shipping costs in Mexico remained moderate, indicating steady shipping conditions that supported overall market stability.

Phenol price trend in Mexico appreciated by 3.93% over the quarter, reflecting firm regional demand and well-balanced market fundamentals. Phenol price in Manzanillo ranged between USD 1075–1155 per metric ton, buoyed by strong downstream consumption and regional supply strength.

Sustained regional industrial expansion further reinforced stable pricing dynamics throughout the quarter. In September 2025, Phenol prices in Mexico decreased by 3.83%, reflecting limited trading interest and steady inflows. Adequate supply and weak market participation weighed on values.

Canada: (Phenol Import price in Canada from USA) Industrial-Grade (Purity >99%).

During Q3 2025, The Phenol prices in Canadian market reported strong performance, backed by robust downstream demand from the automotive, electronics, and chemical manufacturing sectors. Freight charges in Canada experienced moderate upward pressure, driven by elevated regional shipping costs, providing additional support to market valuations.

Canadian Phenol prices trend gained 4.74% during the quarter, reflecting steady industrial consumption and effective utilization of production capacities. Prices in Montreal ranged between USD 1160–1240 per metric ton, demonstrating market stability amid strong economic activity.

Sustained industrial investments and consistent feedstock availability further reinforced favourable pricing dynamics throughout the period. In September 2025, Phenol prices in Canada dropped by 3.56%, driven by lower procurement activity and stable inventories. Importers adopted a wait-and-see stance amid reduced demand.

Netherlands: (Phenol Import price in Netherlands from USA) Industrial-Grade (Purity >99%).

During Q3 2025, Phenol prices in Netherlands market remained moderate stable with a marginal rise of 3.36%, indicating balanced market scenario and steady industrial consumption. Netherlands Phenol price displayed resilience under consistent consumption rates and stable supply patterns.

Netherlands Phenol price trend revealed upward pressure fuelled by robust downstream demand and regional market activity. Phenol Rotterdam prices were between USD 1055-1135 per metric ton, supported by sound industrial use and well-established market customs. Freight decreased substantially, suggesting better shipping availability and competitive rate pressures.

European industrial usage and feedstock availability continued to support stable pricing levels during the quarter. In September 2025, Phenol prices in the Netherlands declined by 3.90%, influenced by soft regional consumption and active competition from European suppliers. Market tone stayed bearish.

Singapore: (Phenol Export price from Singapore) Industrial-Grade (Purity >99%).

In Q3 2025, Phenol prices in Singapore market saw moderate softness driven by local supply chain realignments and varied downstream demand from electronics and specialty chemicals industries. Singapore Phenol price fell by 5.71% over the period as markets remained guarded due to regional competitive factors.

Singapore Phenol price trend exhibited bearish pressure in the backdrop of global supply dynamics and softening raw materials prices. Phenol prices in Singapore were between USD 820-900 per metric ton, driven by basis industrial demand.

Regional market conditions indicated softer regional consumption trends across the period. In September 2025, Phenol prices in Singapore increased by 2.29% as stronger regional inquiries and firm export sentiment supported price gains. Limited prompt availability added to the uptrend.

South Korea: (Phenol Export price from South Korea) Industrial-Grade (Purity >99%).

In Q3 2025, the Phenol prices in South Korea witnessed subdued activity, with declining by around 8.99% amid weaker regional demand and ample supply. The Phenol price trend in South Korea market faced downward pressure as lower downstream consumption coincided with abundant feedstock availability, creating a buyer-favourable environment.

Busan Phenol prices ranged between USD 765–825 per metric ton, reflecting ongoing market equilibration and regional oversupply. In September 2025, Phenol prices in South Korea rose slightly by 0.71%, aided by moderate restocking and steady export demand. Balanced supply conditions helped sustain mild improvement.

Japan: (Phenol Import price in Japan from South Korea) Industrial-Grade (Purity >99%).

During Q3 2025, The Phenol prices in Japan market experienced moderate pressure, with prices declining 8.78% amid weaker regional demand and competitive conditions. Freight costs fell slightly, reflecting improved shipping conditions and reduced rate pressures, providing modest relief to the Phenol price trends in Japan softened due to lower downstream consumption and abundant feedstock availability.

Phenol prices in Yokohama ranged between USD 795–855 per metric ton, reflecting market equilibration amid cautious sentiment. In September 2025, Phenol prices in Japan edged up by 0.31% amid stable production rates and modest trading activity. Slight support came from consistent regional demand

Australia: (Phenol Import price in Phenol Australia South Korea) Industrial-Grade (Purity >99%).

During Q3 2025, The Phenol prices in Australian market faced mild weakness due to regional supply chain realignments and ambiguous downstream demand from chemical and specialty materials sectors. Freight costs in Australia rose sharply, reflecting tight regional shipping availability and higher transportation expenses, which added cost support to market valuations.

Australian Phenol price trend declined by 6.47% over the quarter, pressured by softening regional demand and competitive market dynamics. Prices in Melbourne ranged between USD 855–920 per metric ton, underpinned by base industrial consumption.

Overall, market conditions reflected cautious regional sentiment and careful price adjustment throughout the period. In September 2025, Phenol prices in Australia increased by 3.39%, driven by limited import arrivals and firm regional offers. Buyers accepted higher quotes to secure prompt cargoes.

Thailand: (Phenol Export price from Thailand) Industrial-Grade (Purity >99%).

In Q3 2025, Phenol prices in Thailand market demonstrated cautious performance against regional demand swings and domestic and offshore supply factors. Thai Phenol price softened by 5.11% in the quarter as regional demand patterns weakened and competitive market pressure bore down.

Thai Phenol price trend demonstrated downtrend as regional market sentiment remained guarded and feedstock availability improved. Map Ta Phut Phenol prices were between USD 820-900 per metric ton and were supported by continued industrial use.

Pricing competitiveness in the region became stronger during the quarter. In September 2025, Phenol prices in Thailand rose by 2.43% as supply tightness and firm regional sentiment supported market strength. Sellers benefited from improved trading interest.

India: Domestically Traded Phenol price in Kandla; Industrial-Grade (Purity >99%).

During Q3 2025, Phenol prices in India remained relatively stable with a small price drop of 1.98%, to consistent domestic consumption from the pharmaceutical, adhesive, and specialty chemicals sectors. Indian Phenol price trend was resilient through consistent pattern consumption and well-balanced supply conditions.

Phenol price in India echoed stable market dynamics with low volatility, signalling fair supply-demand balance. Prices of Phenol in India hovered between USD 920-1000 per metric ton, supported by solid domestic consumption and conventional market practices. Industrial growth sustained market growth during the period.

In September 2025, Phenol prices in India eased marginally by 0.33%, with balanced supply and cautious buying keeping the market stable. Import offers remained largely unchanged.

China: Domestically Traded Phenol Price in Shanghai; Industrial-Grade (Purity >99%).

During Q3 2025, Phenol prices in China showed strength in the backdrop of the overall economic recovery and steady demand from the chemical production and specialty materials industries. Phenol price in China remained relatively stable with a marginal fall of 1.04%, indicating well-balanced market conditions and consistent industrial use.

Phenol price trend in China strength underpinned by solid domestic demand and regional supply chain stability. China’s Phenol prices were in the range of USD 900-940 per metric ton, supported by continuous industrial production and feedstock factors.

Patterns of domestic consumption were consistent throughout the quarter. In September 2025, Phenol prices in China increased by 1.68%, supported by improved buying sentiment and moderate restocking. Slight tightening in supply lent mild upward pressure.

Phenol Price Trend Q4 2025

In Q4 2025, the global Phenol market recorded an average price movement of approximately 12%, reflecting varied regional dynamics. The overall trend was influenced by supply-demand imbalances, production operating rates, inventory levels, and fluctuations in feedstock and energy costs.

Downstream consumption patterns, trade flow variations, and seasonal year-end slowdowns in industrial activity further contributed to the market’s performance.

Collectively, these factors shaped the global pricing trajectory, resulting in moderate overall movement while individual regional markets experienced differing levels of activity and price adjustments throughout the quarter.

USA: Phenol Export prices FOB Houston, USA, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices FOB Houston in the USA ranged USD 865-1015 per metric ton and showed a downward price trend. The 14.27% decline stemmed from adequate domestic supply meeting moderate Phenolic Resin demand, fluctuating feedstocks, and inventory adjustments amid construction and automotive shifts.

The broad range signaled volatile yet balanced dynamics. The Phenol price trend in the USA reflects abundant supply exerting downward influence decisively. Downstream moderation reinforced the trajectory.

In December 2025, prices remained stable, attributable primarily to year-end inventory balancing by producers, holiday procurement completions amid steady consumption, and disciplined rates maintaining Houston’s equilibrium.

Belgium: Phenol Domestically Traded prices FD Antwerp, Belgium, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices FD Antwerp in Belgium ranged USD 815-1000 per metric ton and showed an upward price trend. The 3.49% rise arose from balanced supply supporting steady Phenolic Resin and polycarbonate demand, efficient logistics despite disruptions, and optimistic sentiment.

The range highlighted manufacturing resilience. The Phenol price trend in Belgium reflects steady fundamentals exerting upward influence decisively. Regional procurement reinforced the trajectory.

In December 2025, prices surged by 8.88%, attributable primarily to supply tightness from producers, restocking acceleration by resin makers, and controlled imports firming Antwerp’s close.

Brazil: Phenol Imported prices CIF Santos from USA, Brazil, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices CIF Santos in Brazil ranged USD 910-1065 per metric ton and showed a downward price trend. The 13.95% drop was driven by consistent US import volumes, stable freight, and steady construction of chemical demand maintaining equilibrium.

The broad range indicated controlled fluctuations. The Phenol price trend in Brazil reflects stable dynamics exerting downward influence decisively. Procurement steadiness reinforced the trajectory.

In December 2025, prices remained stable, attributable primarily to procurement completions by importers, shipping optimizations amid controlled rates, and balanced consumption steadying Santos’s close.

Mexico: Phenol Imported prices CIF Manzanillo from USA, Mexico, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices CIF Manzanillo in Mexico ranged USD 920-1070 per metric ton and showed a downward price trend. The 13.42% decline came from steady cross-border imports matching manufacturing consumption, reliable logistics, and stable freight costs.

The tight range reflected market balance. The Phenol price trend in Mexico reflects consistent patterns exerting downward influence decisively. Sectoral demand reinforced the trajectory.

In December 2025, prices remained stable, attributable primarily to inventory adjustments by buyers, logistics efficiency amid controlled costs, and steady demand maintaining Manzanillo’s equilibrium.

Canada: Phenol Imported prices CIF Montreal from USA, Canada, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices CIF Montreal in Canada ranged USD 1005-1155 per metric ton and showed a downward price trend. The 12.66% drop stemmed from reliable US imports supporting adhesives and coatings, controlled freight, and robust supply chains.

The broad range signaled industrial stability. The Phenol price trend in Canada reflects balanced integration exerting downward influence decisively. Consumption steadiness reinforced the trajectory.

In December 2025, prices remained stable, attributable primarily to market consolidation by importers, supply reliability amid controlled freight, and consistent demand steadying Montreal’s close.

Netherlands: Phenol Imported prices CIF Rotterdam from USA, Netherlands, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices CIF Rotterdam in the Netherlands ranged USD 900-1050 per metric ton and showed a downward price trend. The 13.87% decrease arose from steady polycarbonate and resin demand met by regional capacity and controlled maritime costs.

The range highlighted hub efficiency. The Phenol price trend in the Netherlands reflects stable logistics exerting downward influence decisively. Distribution networks reinforced the trajectory.

In December 2025, prices remained stable, attributable primarily to logistics optimization by distributors, shipping efficiency amid controlled costs, and balanced demand maintaining Rotterdam’s stability.

Singapore: Phenol Export prices FOB Singapore, Singapore, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices FOB Singapore ranged USD 760-845 per metric ton and showed a downward price trend. The 5.64% decline was fueled by feedstock shifts and stable electronics demand via the trading hub.

The tight range indicated regional adjustments. The Phenol price trend in Singapore reflects market adjustments exerting downward influence decisively. Hub distribution reinforced the trajectory.

In December 2025, prices declined by 4.08%, attributable primarily to export slowdowns by traders, buyer caution amid reduced orders, and regional supply softening Singapore’s close.

South Korea: Phenol Export prices FOB Busan, South Korea, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices FOB Busan in South Korea ranged USD 730-800 per metric ton and showed a downward price trend. The 3.61% drop came from steady electronics and automotive consumption backed by production capacity.

The narrow range signaled equilibrium. The Phenol price trend in South Korea reflects capacity balance exerting downward influence decisively. Export synergies reinforced the trajectory.

In December 2025, prices declined by 2.80%, attributable primarily to manufacturing slowdowns, contract completions amid closures, and regional supply tempering Busan’s close.

Japan: Phenol Imported prices CIF Yokohama from South Korea, Japan, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices CIF Yokohama in Japan ranged USD 755-830 per metric ton and showed a downward price trend. The 3.85% decrease stemmed from consistent Korean imports and stable freight supporting industrial patterns.

The tight range reflected equilibrium. The Phenol price trend in Japan reflects import stability exerting downward influence decisively. Logistics steadiness reinforced the trajectory.

In December 2025, prices declined by 2.71%, attributable primarily to procurement completions by manufacturers, inventory optimization amid controlled rates, and steady availability balancing Yokohama’s close.

Australia: Phenol Imported prices CIF Melbourne from South Korea, Australia, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices CIF Melbourne in Australia ranged USD 835-920 per metric ton and showed a downward price trend. The 1.82% drop arose from steady Korean flows matching resilient downstream demand and efficient logistics.

The narrow range indicated minimal variation. The Phenol price trend in Australia reflects steady flows exerting downward influence decisively. Inventory strategies reinforced the trajectory.

In December 2025, prices declined by 4.12%, attributable primarily to industrial slowdowns, year-end destocking amid summer holidays, and import pressures softening Melbourne’s close.

Thailand: Phenol Export prices FOB Map Ta Phut, Thailand, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices FOB Map Ta Phut in Thailand ranged USD 770-850 per metric ton and showed a downward price trend. The 5.60% decline was driven by production economics serving automotive and electronics exports.

The range highlighted flexible strategies. The Phenol price trend in Thailand reflects regional dynamics exerting downward influence decisively. Distribution efficiency reinforced the trajectory.

In December 2025, prices declined by 3.40%, attributable primarily to export completions by producers, buyer caution amid festive slowdowns, and Southeast Asian supply tempering Map Ta Phut’s close.

India: Phenol Domestically Traded prices Ex-Kandla, India, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices ex-Kandla in India ranged USD 895-985 per metric ton and showed an upward price trend. The 0.52% rise came from robust resin and Bisphenol-A demand driven by infrastructure and automotive growth.

The tight range signaled stability. The Phenol price trend in India reflects domestic strength exerting upward influence decisively. Procurement predictability reinforced the trajectory.

In December 2025, prices declined by 4.17%, attributable primarily to manufacturing slowdowns, year-end destocking for liquidity, and import competition tempering Kandla’s close.

China: Phenol Domestically Traded prices Ex Shanghai, China, Grade-Industrial (Purity >99%)

In Q4 2025, Phenol prices Shanghai in China ranged USD 900-940 per metric ton and showed a stable price trend. Remined unchanged reflected adequate production matching Bisphenol-A and resin consumption across sectors.

The narrow range indicated balance. The Phenol price trend in China reflects fundamental equilibrium decisively. Inventory management reinforced the trajectory. In December 2025, prices increased by 1.47%, attributable primarily to restocking by manufacturers, production discipline amid controlled rates, and steady consumption firming Shanghai’s close.

Phenol Price Trend Q1 2024

During Q1 2024, the Phenol market across the world experienced mixed trends in different regions. In South Korea FOB Busan, Phenol (Industrial Grade Purity: >99.5%) prices were $965/MT, registering a sharp fall of -11.55% compared to the last quarter.

The fall was primarily influenced by softening demand from major industry sectors such as Automotive and Electronics, which usually consume Phenol in huge quantities to manufacture Plastics and Resins. Furthermore, supply chain problems and decreased feedstock prices were also responsible for the price decline.

Nevertheless, in the USA, Thailand, and Singapore, the market was quite stable, thanks to moderate demand from the Construction and Packaging industries, which stabilized prices in these areas.

In Q1 2024, the Indian Phenol (Industrial Grade Purity: >99.5%) market (Ex-Kandla) registered a minor decline with prices at $1090/MT, registering a –0.46% decrease compared to the last quarter. The fall was primarily caused by demand stabilization from downstream industries such as laminates, resins, and pharmaceuticals.

Most producers were running with adequate inventory inherited from the fourth quarter of 2023, lowering the urgency of immediate buying. Moreover, demand normally dips in the post-festival season, which supports the moderate market activity. 

Phenol Price Trend Q2 2024

During Q2 2024, the downward price trend in South Korea FOB Busan persisted, with Phenol (Industrial Grade Purity: >99.5%) prices dropping to $954/MT, a marginal decline of -1.14% compared to Q1. The continued weakness in demand from the Automotive and Electronics sectors, coupled with ongoing supply chain disruptions, was the reason for this price drop.

Rising production capacities in Thailand and Singapore also contributed to the competitive market environment, exerting downward pressure on prices.

Conversely, in North America, the Medical and Consumer Goods sectors had very strong demand that kept any significant price falls from occurring. Moderate fluctuations in Europe were mostly a result of domestic supply constraints and issues related to new regulations.

In Q2 2024, Ex-Kandla Phenol (Industrial Grade Purity: >99.5%) prices went up to $1170/MT, representing a +7.34% increase from Q1. The price rise was underpinned by robust seasonal demand in the manufacturing and construction industries, especially in commodities such as plywood, coatings, and industrial resins.

Increase in infrastructure activity, coupled with imbalanced vessel schedules and increasing port congestion, drove up the cost. Overall domestic demand was robust, and it helped support the bullish trend. 

Phenol Price Trend Q3 2024

By Q3 2024 early, South Korea FOB Busan Phenol (Industrial Grade Purity: >99.5%) prices started to recover, hitting $1013/MT in July, up by 6.14% from the month before. This increase in price was mainly attributed to a recovery in demand from the Automotive and Electronics industries as economic conditions improved globally, and consumer demand picked up.

Moreover, global tightness in supply was caused by maintenance shutdowns in principle producing areas, which, together with increasing crude oil prices, placed pressure on Phenol production costs in the upward direction. APAC freight rates were also high and contributed to overall price increases.

During Q3 2024, Ex-Kandla Phenol (Industrial Grade Purity: >99.5%) prices went up to $1180/MT, demonstrating a +0.85% growth compared to the last quarter. Healthy domestic consumption, particularly in the laminate and real estate-related industries, continued to pick up after the monsoons.

Despite the moderate growth in demand, limited vessel arrival and minor delay at Kandla port caused a contained supply scenario. This supported the market and did not allow prices to plummet drastically. 

Phenol Price Trend Q4 2024

South Korea FOB Busan (Industrial Grade Purity: >99.5%) Phenol prices were still appreciated in Q4 2024 to reach $1040/MT, an increase of 2.71% over Q3. Demand from Packaging and Construction grew even stronger during the period as consumers prepared to purchase more just ahead of festive holidays. An appreciation in the costs of feedstock, and particularly benzene, which is key for Phenol manufacture, only exacerbated supply tightening.

Stricter environmental regulations in major countries such as the USA and South Korea also contributed to increased costs of production and lower output. These, coupled with increasing energy prices, are factors that contributed to the ongoing upward pressure on prices.

By Q4 2024, Ex-Kandla Phenol (Industrial Grade Purity: >99.5%) prices fell to $1090/MT, down –7.63% from Q3. Even though there were high hopes of high demand during the festive season, actual buying failed to live up to earlier estimates.

Most downstream participants had already stocked up in Q3, resulting in a surplus situation. Coupled with year-end slowdowns and less industrial activity, this resulted in a weakening in the market. 

Technical Specifications of Phenol Price Trends

Product Description:

Phenol is a versatile organic compound, widely used as a precursor in the production of plastics, resins, and adhesives. It serves as a key raw material in the manufacture of BisPhenol A, Caprolactam, and other industrial chemicals.

Phenol is also employed in pharmaceuticals, disinfectants, and dyes due to its antiseptic properties. Known for its strong aromatic odor, it is primarily derived from Petroleum feedstocks like Benzene.

Identifiers and Classification:

  • CAS No – 108-95-2
  • HS Code – 29071110
  • Molecular Formula – C₆H₆O
  • Molecular Weight[g/mol] – 94.11


Phenol Synonym:

  • Carbolic Acid
  • Hydroxybenzene
  • Phenic Acid
  • Benzenol


Phenol Grades Specific Price Assessment:

  • Industrial Grade (Purity: >99.5%)


Phenol Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 10-15 MT, 15-20 MT, 25-30 MT
  • Packaging Type (Product & Country Specific): Tanker, Drum (200 Kgs)


Incoterms Referenced in Phenol Price Reporting

Shipping Term  Location  Definition 
FD Antwerp  Antwerp, Belgium  Domestically Traded Phenol price in Belgium 
FOB Houston  Houston, USA  Phenol Export price from USA 
CIF Santos (USA)  Santos, Brazil  Phenol import price in Brazil from USA 
CIF Manzanillo (USA)  Manzanillo, Mexico  Phenol import price in Mexico from USA 
CIF Montreal (USA)  Montreal, Canada  Phenol import price in Canada from USA 
CIF Rotterdam (USA)  Rotterdam, Netherlands  Phenol import price in Netherlands from USA  
FOB Port of Singapore  Port of Singapore, Singapore  Phenol Export price from Singapore 
FOB Busan  Busan, South Korea  Phenol Export price from South Korea 
CIF Yokohama (South Korea)  Yokohama, Japan  Phenol import price in Japan from South Korea 
CIF Melbourne (South Korea)  Melbourne, Australia  Phenol import price in Australia from South Korea 
FOB Map Ta Phut  Map Ta Phut, Thailand  Phenol Export price from Thailand 
CIF Nhava Sheva (Thailand)  Nhava Sheva, India  Phenol import price in India from Thailand  
Ex-Mumbai  Mumbai, India  Domestically Traded Phenol price in Mumbai 
Ex-Kandla  Kandla, India  Domestically Traded Phenol price in Kandla 
Ex-Shanghai  Shanghai, China  Domestically Traded Phenol price in Shanghai 
CIF Shanghai (South Korea)  Shanghai, China  Phenol import price in China from South Korea 

Quotation Terms refers to the quantity range specified for the Phenol being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Phenol packing, ease of handling, transportation, and storage in industrial and commercial applications.


Phenol Manufacturers

Manufacturer 
INEOS Phenol 
LG Chem 
Kumho P&B Chemicals 
Chang Chun Group 
Shell 
Deepak Phenolics Limited 
HOCL 
PTT Global Chemicals Public Company Limited 
SABIC 
INEOS–Sinopec Joint Venture, Nanjing 

Phenol Industrial Applications

phenol-market-share-end-use

Historically, several events have caused significant fluctuations in Phenol prices

  • Russia-Ukraine Conflict (2022-Present): The conflict led to disruptions in energy supplies and feedstock availability, particularly in Europe, resulting in increased Phenol production costs and global price volatility.
  • COVID-19 Pandemic (2020): Initially, the pandemic caused a steep drop in demand for Phenol as industries like automotive and construction slowed. However, demand rebounded as the need for packaging materials, disinfectants, and medical equipment surged.
  • US-China Trade Wars (2018-2019): Geopolitical tensions disrupted global supply chains, increasing uncertainty in the Phenol market and causing price fluctuations due to tariffs and reduced exports.
  • Global Crude Oil Price Volatility (2015-2022): Fluctuating oil prices during this period had a direct impact on Phenol production costs, causing price variations due to the dependency on petroleum-based feedstocks.

These events highlight the Phenol market’s sensitivity to global disruptions, especially related to energy and supply chain dynamics. Constant monitoring of these factors is crucial for anticipating price movements.

Why Price Watchâ„¢?

Price Watchâ„¢ is your trusted resource for tracking global phenol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the phenol market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watchâ„¢ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence phenol prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely phenol market data.

Track Price Watch'sâ„¢ phenol price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Phenol Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

The pricing of phenol is influenced by several key factors, including the cost of feedstocks such as benzene and propylene, fluctuations in crude oil prices, and demand from downstream industries like plastics, resins, and pharmaceuticals.

Environmental regulations and production capacity constraints can also impact availability and pricing. Additionally, geopolitical events and supply chain disruptions may lead to price volatility, making it crucial for procurement heads to stay informed about market trends and developments.

Raw material costs, particularly for benzene, play a significant role in determining phenol prices. When the prices of benzene and propylene rise due to increased demand or supply chain issues, phenol prices typically follow suit.

Conversely, if raw material costs decrease or if there is an oversupply, phenol prices may decline. Procurement teams should closely monitor raw material markets and establish strong supplier relationships to negotiate better pricing and ensure stable supply.

Phenol prices can vary by region due to differences in raw material availability, production capabilities, and local demand conditions. For example, regions with robust petrochemical industries, like North America and Asia, may have different pricing structures compared to Europe, where regulations can increase production costs.

Understanding these regional variations enables procurement heads to optimize sourcing strategies by identifying cost-effective suppliers and potentially leveraging lower-priced markets to improve overall procurement efficiency.

The future pricing of phenol is likely to be influenced by ongoing trends in raw material costs, regulatory changes, and global economic conditions. Procurement heads should anticipate fluctuations caused by changes in crude oil prices, shifts in demand from key industries, and sustainability initiatives affecting production methods.

To prepare, procurement teams should actively monitor market reports, consider securing long-term contracts with suppliers, and diversify their sourcing strategies to mitigate risks associated with sudden price increases.

Phenol is a white crystalline aromatic compound widely used as a key building block in industrial chemistry for producing plastics, resins, pharmaceuticals, and agrochemicals.

Its price directly impacts the cost of downstream products ranging from Polycarbonates and Epoxy Resins to nylon, Bisphenol-A (BPA), Phenolic resins, caprolactam, and various pharmaceutical intermediates, making Phenol pricing a critical factor for manufacturers across multiple industries worldwide.

Price-Watchâ„¢ tracks these prices to help businesses and consumers understand and stay updated with market trends.

Phenol prices vary by region. Prices are typically quoted per metric ton and change based on supply, demand, feedstock costs, and energy prices. Price-Watchâ„¢ provides real-time price assessments across different global markets to help buyers and sellers make informed decisions.

Phenol prices fluctuate due to changes in feedstock costs (primarily Benzene and Propylene for the cumene process), Crude Oil and energy price movements, production capacity utilization, and demand from key consuming industries such as Polycarbonate, Epoxy Resins, and Phenolic resins.

Co-product acetone market dynamics significantly influence pricing since most Phenol is produced via the Cumene process where Acetone is an unavoidable by-product.

Global capacity additions and plant shutdowns, transportation and logistics costs, seasonal demand patterns in construction and automotive sectors, trade flows and import/export dynamics, and broader economic conditions further shape price trends, with recent outlooks reflecting volatility driven by petrochemical feedstock availability, capacity expansions in Asia, and demand cycles in key derivative markets.

The biggest buyers of Phenol are manufacturers of Bisphenol-A (BPA) for polycarbonate plastics and Epoxy Resins, followed by Phenolic resin producers serving construction, automotive, and wood panel industries.

Additional demand comes from Caprolactam producers (for Nylon-6 fiber and engineering plastics), Alkylphenol and Aniline manufacturers, pharmaceutical and agrochemical companies using Phenol derivatives, and specialty chemical producers. Price-Watchâ„¢ analyses demand patterns across all these industries.

Phenol is manufactured primarily through the Cumene process, where Benzene is alkylated with Propylene to form cumene (Isopropyl benzene), which is then oxidized to produce Phenol and Acetone as co-products.

Alternative production routes include toluene-based processes and direct Benzene oxidation. It is produced in large integrated petrochemical complexes by major chemical companies worldwide.

Phenol trade is driven by production capacity, regional demand balances, and petrochemical integration. The United States, China, and several European countries including Belgium and the Netherlands are among the world’s largest exporters of Phenol, serving as both major production centers and trading hubs.

Asian producers in South Korea, Thailand, and Singapore also play significant roles in regional and global trade. Middle Eastern producers have increased exports as new capacity has come online.

Export volumes fluctuate based on domestic derivative demand, production economics, Benzene and Propylene feedstock availability, acetone co-product markets, shipping costs, and regional capacity expansions or turnarounds. Price-Watchâ„¢ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Supply generally matches demand, but regional shortages can occur due to plant shutdowns, feedstock constraints, transportation problems, or sudden spikes in industrial activity. Maintenance turnarounds at large Cumene-Phenol-Acetone complexes can temporarily tighten markets.

Imbalances in the Phenol-acetone co-product ratio relative to market demand can also create pricing pressures. Price-Watchâ„¢ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Phenol prices vary by grade based on purity levels, impurities, and application requirements. Industrial grade Phenol serves most industrial applications, while pharmaceutical/USP grade and high-purity electronic grades command premium prices due to stringent specifications, lower contaminant levels, and certified quality control.

Molten Phenol (transported in heated tanks) versus crystalline/flake Phenol may have different pricing structures based on handling and logistics requirements. Price-Watchâ„¢ provides separate price assessments for each grade to ensure market transparency.

When Phenol demand rises quickly, often due to increased production in Polycarbonate, Epoxy Resins, or Phenolic Resins sectors, prices typically increase. Suppliers may prioritize long-term contract customers, while spot buyers face tighter availability, longer lead times, or premium pricing to secure supplies.

Production flexibility is limited by acetone co-production economics and Benzene-Propylene feedstock balances. Price-Watchâ„¢ captures these market dynamics in real-time.

Energy is a major cost component in Phenol production. When natural gas, electricity, or steam costs rise, producers typically pass these costs on to buyers, making Phenol more expensive. Feedstock costs (Benzene and Propylene) are also closely tied to Crude Oil and Natural Gas prices.

This is why prices in regions with cheaper energy and integrated petrochemical feedstocks tend to be lower, a correlation that Price-Watchâ„¢ analyses in its price assessments & market reports.

Phenol prices vary by region based on local production capacity, feedstock availability and costs, energy prices, transportation and logistics expenses, import/export dynamics, Acetone market conditions, and regional derivative demand strength.

Areas with limited local production or higher logistics costs typically see higher prices, while regions with integrated petrochemical complexes and favorable feedstock economics often have lower prices. Price-Watchâ„¢ tracks prices across all major regions to highlight these differences.

The Phenol market outlook depends on factors such as Benzene and Propylene feedstock price trends, Crude Oil and energy costs, acetone market dynamics and co-product economics, capacity additions and plant turnarounds, demand growth in key consuming industries (especially Polycarbonate, BPA, and Phenolic resins), construction and automotive sector activity, trade flows and regional capacity balances, and macroeconomic indicators affecting industrial production.

Price-Watchâ„¢ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Absolutely. Accurate forecasting allows you to time your purchases better, negotiate contracts more effectively, and budget more accurately. If Price-Watchâ„¢ forecasts predict a price increase in three months, you might choose to stock up now or lock in long-term contracts at current rates, potentially saving thousands of dollars.

Events like natural disasters, trade disputes, factory accidents, feedstock supply disruptions, or economic downturns can disrupt production or shipping routes, causing supply shortages and price spikes.

Hurricane impacts on U.S. Gulf Coast production, force majeure declarations at major Phenol-Acetone complexes, Benzene supply constraints, trade tensions affecting Benzene or Phenol flows, and pandemic-related demand shifts have created significant market volatility. Price-Watchâ„¢ provides timely alerts when such events affect the market.

Price-Watchâ„¢ collects data from manufacturers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Our transparent methodology and comprehensive coverage make us a trusted source for understanding fair pricing and market trends in the Phenol industry.

Access Real-Time Phenol Price Trends
Access Real-Time Phenol Price Trends