For the Quarter Ending March 2022
Prices of Di-Ter-Butyl Phenol soared in North America in the first quarter of 2022. This is underpinned by strong downstream demand and rising upstream costs. As demand from various end-user industries increased, so did the price of Di-Ter-Butyl Phenol. Meanwhile, the price of upstream isobutylene rose steadily throughout the quarter, resulting in a rise in the price of Di-Ter-Butyl Phenol. In addition, soaring oil prices, rising logistics costs, port congestion, cargo shortages, and ongoing labor shortages amid the tensions of the war between Russia and Ukraine all the price of Di-Ter-Butyl Phenol in the first quarter of 2022.
In the Asia Pacific region, strong demand from end-use industries led to higher prices of Di-Ter-Butyl Phenol in the first quarter of 2022. As consumption of antioxidants increased in the region, especially in developing countries such as India, so does the demand for Di-Ter-Butyl Phenol in the domestic market. On the other hand, the price of isobutylene has risen due to the rise in production costs which lead to the enhanced price value of Di-Ter-Butyl Phenol. In addition, soaring oil prices, rising logistics costs, port congestion, and cargo shortages due to the tensions of the ongoing war between Russia and Ukraine have led to higher Di-Ter-Butyl Phenol prices.
The Di-Ter-Butyl Phenol market in Europe mimicked the North American market and showed rapid price movements in the first quarter of 2022. The price of Di-Ter-Butyl Phenol has risen in domestic market due to increased consumption of Di-Ter-Butyl Phenol as an antioxidant. In addition, rising prices for the raw material isobutylene continued to push up the price of Di-Ter-Butyl Phenol. In addition, ongoing transport restrictions, heightened crude oil prices, augmented logistics costs, added to the already elevated value of Di-Ter-Butyl Phenol.
For the quarter ending December 2021
The price of Di-Ter Butyl phenol kept on fluctuating throughout the Quarter 4 of 2021 across US market. Prices of raw material phenol was increased in the month of October to reach USD 1445 per MT due to high freight charges and inflationary pressure under the influence of rising crude oil value amid recovering economy. However, during the month of December, the price of feedstock was declined due to seasonal slowdown in demand especially from the paints and coating sector. Therefore, price fluctuations were observed across US market where price rose effectively during the first half of the quarter which later showcased marginal ease in the country.
The price of Di-Ter butyl phenol USD 3423 per MT in December post increasing consistently across Indian market, following the trend of the feedstock phenol. Prices of phenol increases during the Q4 of 2021, additionally, being highly imported community in India, delayed import from China as a result of the dual control policy which led to an upward pressure on the values of raw material phenol in India. Traders revealed that the demand for the product as an antioxidant increases during this quarter. Furthermore, dual energy policy and coal shortage issues disturbed the overall market dynamics of the country, which later exacerbated by production cuts imposed for Beijing Olympics.
The European market show an upward trend in the Q4 of 2021. Prices of Di-Ter butyl remain unchanged compared with the previous month despite force majeure declaration of major German manufacturer. However, the price of Di -Ter butyl phenol increases in the mid of November due to the freight charges and supply chain disruption. Moreover, the energy crisis was the main issue during Quarter 4 which led to the higher plant operating cost. However, the price of Di -Ter butyl phenol declined during the month of December. However, the demand from the downstream industries remain same throughout the Quarter 4 of 2021.
The prices of Di-Ter-Butyl Phenol rose effectively throughout the North American region in Q3 2021. The market price of Di-Ter-Butyl Phenol witnessed a swing following the trend of upstream phenol prices across the region. However, the prices were later stabilized in the month of September after reaching a peak in the last week of August owing to a reduction in the demand. The occurrence of hurricane Ida led to the disruption in the supply chain. However, many manufacturing units on the Gulf coast revived production towards the end of Q3.
The overall market outlook of Di-Ter-Butyl Phenol strengthened in the Asia Pacific region during the 3rd quarter of 2021. In India, discussions of Di-Ter-Butyl Phenol remained prevalent in the domestic market. Traders revealed that the demand for the product as an antioxidant gradually picked up in this quarter, which provided a much-needed push to its stagnated values in Q2. Prices of 2,4 Di-Ter-Butyl Phenol consequently reached USD 3300 per MT in India. Besides, increased values of imported deliveries also levied an upward push to the market fundamentals of the product during the quarter.
The European market showcased an upward trend in the third quarter of 2021. The prices of Di-Ter-Butyl Phenol remained firm in the first half of the quarter due to the force majeure declaration of a major German supplier of di-tert-butylphenol (DTBP). Prices rose gradually in August due to the lack of an intermediate product. Lack of production across the region kept the market tight while the demand for antioxidants remained firm throughout the third quarter.