Procurement Resource provides latest prices of PF (Phenol-Formaldehyde Resins). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Get the latest insights on price movement and trend analysis of PF (Phenol-Formaldehyde Resins) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
The prices of PF (Phenol-Formaldehyde Resins) surged throughout the Asian market during the first half of the said year. The inflated crude oil prices, supply-side constraints, trade bottlenecks and port congestions caused the prices of petrochemicals to swell. The price of feedstock phenol and formaldehyde rose drastically. The phenol prices averaged 1280.95 USD/MT in India and 1430.93 in China.
The prices of phenol-formaldehyde resin averaged 14100 RMB/MT in the Chinese domestic market. However, the high-cost inflation and dwindling market sentiments caused the prices of feedstock to decline, thereby tipping the price trends of PF on the lower end of the scale. The prices of phenol-formaldehyde resin averaged 13200 RMB/MT during the end of June 2022.
The European region suffered the immediate and direct consequences of the Russian invasion of Ukraine. The absence of precious black sea cargo triggered double-digit inflation across Europe. The price of feedstock phenol and formaldehyde rose amid the robust demand from downstream industries. The prices of phenol averaged 1695 USD/MT during the first quarter while that of PF resin averaged 3680 USD/MT FOB Hamburg. However, the price trends for PF stabilized during the second quarter as the upstream costs of production relaxed.
The price trends for PF were in line with the global outlook. The prices surged during the first quarter owing to supply chain disruptions and labour shortages. The price of feedstock phenol averaged 1590 USD/MT and that of PF resin averaged 4320 USD/MT in the US domestic market. The prices stabilized during the second quarter as the market demand saturated.
PF (Phenol-Formaldehyde Resins) Production Cost Report: Operating Costs, Logistics, Utilities, Manufacturing Process, and Raw Material Requirements See more
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