For the Quarter Ending December 2021
During the fourth quarter of 2021, prices of Butyl Phenol have significantly dropped off because of negative price revisions implemented by manufacturers as there was a decline in feedstock Phenol prices. Global market sentiments of Butyl Phenol remained bearish all over the year-end. Demand form downstream sector remained nearly stagnant with a gradual rise in freight charges across the region. Butyl Phenol price tumbled this quarter and fluctuated between USD 3208/MT and USD 2997/MT from October to December in the Asia Pacific region.
In North America, Butyl Phenol market showcased mixed sentiments in the fourth quarter of 2021 as the market enquiries fell gradually with the onset of 2022 due to availability of stockpiled cargoes in various importing countries. Amid the shortage of feedstock Isobutylene, prices of Butyl phenol rose sharply at the start of the quarter. Later in the year end, a little decrease in pricing was seen, owing to a sequential decline in the global market value of upstream Phenol. Muted demand from the engine oil and other fuel applications have led to the stagnancy in the prices during the year end.
In Q4 of 2021, Butyl Phenol market experienced mixed sentiments in the European market. Initially, in October and November, Butyl Phenol market appeared bullish in Germany owing to the high prices of feedstock Phenol and Isobutylene. Later, an unprecedented fall in its prices was observed from December due to the increased production activity and ample supplies of the raw material despite of the decreased demand from downstream industrial sector.
For the Quarter Ending September 2021
In Q3 of 2021, Butyl Phenol market experienced mixed sentiments in North America. As in the beginning of the quarter, the demand and supply dynamics improved as manufacturers ramped up their production levels which resulted into the stability in the prices of Butyl Phenol. However, in the latter half, Butyl Phenol prices witnessed an unprecedented surge backed by the impact of Ida hurricane that made landfall in the Gulf Coast of US on 29th August. The situation led to the sudden fall in the production rates as most of the plants remained closed for about a fortnight as a repercussion of hurricane.
In Asia, Butyl Phenol market outlook showcased mixed sentiments in the third quarter of 2021. At the beginning of the quarter a steep decline in the prices of Butyl Phenol was witnessed due to the ample supplies of the product as industries improved their production levels. Later in September a marginal rise in the prices was observed backed by the hike in the values of upstream Phenol in the global market. An unprecedented fall of USD 519.57 per MT was observed in the values of Butyl phenol from July to August despite the firm demand from the downstream sectors due to the adequate supplies. However, a marginal rise of USD 40.79 per MT was reported in the prices of Butyl Phenol from August to September backed by the high import prices and spike in the values of feedstocks. Butyl Phenol Ex-Ahmedabad monthly average prices stood at USD 3154.17/ MT in September.
During the third quarter of 2021, demand for Butyl Phenol witnessed an exponential rise in the European region from downstream manufacturers after the resurgence in the industrial and commercial activities. Moreover, due to surging raw material prices, the European paint and coatings industry adhered high pressure. A complex combination of demand, capacity issues, and a shortage of transportation resources for raw materials increased uncertainty in the supply chain of Butyl Phenol across the European region during Q3.