U.S. benchmark and international crude benchmarks both fell as investors took profits following prior gains on the announcement of sweeping new U.S. sanctions targeting Iran. The 'Operation Economic Outcast' campaign imposes global sanctions with no exemption for China, creating uncertainty around Iranian oil flows. Prices remain volatile as markets assess whether the sanctions will successfully isolate Iran's energy sector or be circumvented.
Crude oil futures firmed amid firm spot demand, with both major global benchmarks edging higher in trade. Increased positioning by market participants reflected continued underlying demand support.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Phenolic Resin | China | FOB | USD 1,416.37/MT | July 2026 |
| Phenolic Resin | USA | CIF | USD 1,579.12/MT | July 2026 |
| Phenolic Resin | Germany | CIF | USD 1,543.42/MT | July 2026 |
| Phenolic Resin | India | CIF | USD 1,508.77/MT | July 2026 |
| Phenolic Resin | Japan | CIF | USD 1,451.02/MT | July 2026 |
| Phenolic Resin | China | FOB | USD 1,348.92/MT | June 2026 |
| Phenolic Resin | USA | CIF | USD 1,503.92/MT | June 2026 |
| Phenolic Resin | Germany | CIF | USD 1,469.92/MT | June 2026 |
| Phenolic Resin | India | CIF | USD 1,436.92/MT | June 2026 |
| Phenolic Resin | Japan | CIF | USD 1,381.92/MT | June 2026 |
Stay updated with the latest Phenolic Resin prices, historical data, and tailored regional analysis
Asia
In China, the prices of Phenolic Resin were ~USD 1,687.91/MT in April and ~USD 1,349.00/MT in June, showing a ~20.1% decrease. Chinese conditions weakened as phenol availability increased and downstream resin buyers maintained requirement-based procurement. Formaldehyde briefly strengthened in May after producer operating rates were reduced, but softer methanol and weak wood-panel purchasing reversed this support by June. Similarly, in India, the prices of Phenolic Resin were ~USD 1,737.91/MT in April and ~USD 1,437.00/MT in June, showing a ~17.3% decrease. India experienced temporary phenol supply disruptions early in the quarter, but a full customs-duty exemption on phenol and phenol-formaldehyde resin from April through June 30 improved import economics and eased downstream cost pressure.
Europe
In Germany, the prices of Phenolic Resin were ~USD 1,813.91/MT in April and ~USD 1,470.00/MT in June, showing a ~19.0% decrease. European phenol costs softened as benzene weakened, while structural oversupply and subdued chemical consumption reduced resin production costs. Demand remained particularly weak from construction, with euro-area building activity falling 5.2% year on year in April. Limited purchasing from wood-panel, insulation and related applications prevented suppliers from maintaining earlier cost increases.
North America
In the United States, the prices of Phenolic Resin were ~USD 1,774.91/MT in April and ~USD 1,504.00/MT in June, showing a ~15.3% decrease. Phenol costs initially strengthened because of production disruptions and higher benzene and propylene costs, but downstream demand weakened later. U.S. housing starts fell 15.4% month on month in May, reducing demand from particleboard, fiberboard, insulation and construction-related resin applications.
Analyst Insight
According to Procurement Resource, in the near term, phenolic resin conditions are expected to remain soft to stable as adequate feedstock availability and weak construction demand continue limiting upward pressure.
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Asia
During the first quarter of 2026, phenolic resin production in Asia showed a firm upward trend, supported by tightening supply conditions and strong cost push from phenol amid rising benzene and propylene values. Chinese markets saw significant feedstock escalation, with monthly increases of over 30% during February to March, driven by reduced import availability, plant maintenance shutdowns, and declining port inventories. Indian markets followed similar direction due to elevated import costs and higher freight rates. Export flows from China remained active, while supply tightness limited regional availability, and steady downstream demand from laminates and construction resins supported the upward movement.
Europe
During the first quarter of 2026, phenolic resin production in Europe reflected a moderate upward trend, influenced by constrained supply and elevated production costs linked to phenol. The Iran conflict raised crude-linked input costs, increasing benzene and propylene values and tightening manufacturing economics. Import dependency exposed the region to higher freight and insurance costs, while logistical delays restricted inflows. Limited regional output and steady demand from the automotive and construction sectors supported consumption, though cautious purchasing reduced aggressive buying activity.
North America
During the first quarter of 2026, phenolic resin production in North America followed an upward fluctuating trend, supported by cost pass-through from phenol and a stable domestic supply. Early quarter conditions remained balanced with steady output and consistent downstream demand from automotive and industrial applications. As the quarter progressed, crude oil disruptions increased freight and insurance costs, raising input expenses for resin manufacturers. Trade flows remained stable with sufficient domestic production, while steady downstream demand maintained consumption despite rising cost pressures.
A synthetic polymer called phenolic resin is produced when phenol reacts with an aldehyde, usually formaldehyde. It is appropriate for a wide range of applications as it has outstanding heat and chemical resistance. They are frequently used in the production of molded goods, including kitchenware, circuit boards, electrical components, and automobile parts. Because of their powerful bonding abilities, they are also utilized as binders, varnishes, and adhesives. Due to its durability and flame-retardant properties, phenolic resins are also used in consumer products, construction, and aerospace industries.
Aerospace and defense, Rubber industry, Wood-based products, Filtrations, Coatings and adhesives, Automotive industries
Phenol-formaldehyde resins, PF resins
Hexcel Corporation, Bakelite Synthetics, Ashland Global Holdings Inc, BASF SE, Akrochem Corporation, Georgia- Pacific Chemicals, Kraton Corporation
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The mixture of phenol and formaldehyde are stirred and heated till 60°C and then the reaction undergoes refluxing till around 98°C. This mixture is then added to methanol for dilution once the water has been removed from the vessel base and as a result, phenolic resin is produced as the final product.
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