Product
PF (Phenol-Formaldehyde Resins) Price Trend and Forecast
PF (Phenol-Formaldehyde Resins) Price Trend and Forecast
Regional Price Overview
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).
For the First Half of 2022
Asia
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.
Europe
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.
North America
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.
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.
About
PF (Phenol-Formaldehyde Resins), or phenolic resins, are synthetic high polymers made via the reaction between phenol and formaldehyde. It is easily moulded and can retain its properties even in freezing temperatures. It appears to be transparent and colourless.
Product Details
| Report Features | Details |
| Product Name | PF (Phenol-Formaldehyde Resins) |
| Industrial Uses | Used in the transit and architectural industries to make products like abrasive grinding wheels, refractory products, friction linings, kitchenware, household appliances and automotive commutators and electrical and electronic components. |
| Chemical Formula | C8H6O2 |
| CAS Number | 9003-35-4 |
| Synonyms | Phenolic resin, PHENOL FORMALDEHYDE RESIN, Phenol formaldehyde foam, VIAM-B |
| HS Code | 39094020 |
| Molecular Weight | 134.13 g/mol |
| Supplier Database | Braskem S.A., Nova Chemicals Corporation, Chemson Group, Solvay S.A., China Array Plastics Llc, China Petroleum & Chemical Corporation (SINOPEC), Dalian Shide Group, CIECH S.A., BASF SE, Hitachi Chemical Co. Ltd., and Mitsui Chemicals, Inc. |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-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.
Production Processes
PF resin marks its initiation by mixing phenol, formaldehyde, and caustic soda flakes in a closed container. Further, the mixture undergoes stirring and heating up to 60 °C, and the heating is ceased then. This is followed by performing reflux for 30 minutes in order to prevent evaporation of the constituents. Next, vacuum distillation takes place to explicate water per the batch size. On cooling for a while to 40 °C, methanol is added to dilute the solution, yielding PF resin.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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