North America Phenol Prices Movement Last Quarter:

Phenol Prices in the United States:

In Q4 2024, Phenol Prices in the United States saw a consistent decline, hitting 1,088 USD/MT by December. This drop was mainly due to weak demand from crucial sectors like polymers, automotive, and construction, which faced broader economic challenges. Although benzene prices were falling, the market began to decline in October, with further reductions in November attributed to seasonal slowdowns, high production levels, and manufacturers reducing their stock. By December, a surplus supply kept Phenol Prices low, while cautious buying behavior and economic uncertainties further affected market sentiment. The combination of excess inventory, decreased industrial activity, and hesitant purchasing contributed to the downward price trend, making Q4 2024 a tough time for the U.S. phenol market.

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Note: This analysis can be adjusted to align with the customer's individual preferences

APAC Phenol Prices Movement Last Quarter:

Phenol Prices in China:

In Q4 2024, Phenol Prices in China also experienced a steady decline, reaching 874 USD/MT in December due to weak demand and high inventory levels. The slowdown in the construction and automotive sectors played a significant role in the price drop, as reduced industrial activity led to lower consumption. The market faced an initial downturn in October, followed by increased pressure in November as manufacturers worked to destock and cut back production to align supply with demand. By December, the negative trend continued, with an existing surplus of inventory and sluggish demand hindering any potential recovery. Additionally, economic uncertainties and seasonal downturns further affected profitability, making the last quarter of 2024 particularly difficult for the Chinese phenol market. Consequently, Phenol Prices remained under persistent downward pressure throughout this period.

Regional Analysis:  The price analysis can be extended to provide detailed Phenol price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Europe Phenol Prices Movement Last Quarter:

Phenol Prices in Germany:

In Q4 2024, Phenol Prices in Germany saw some ups and downs, ultimately stabilizing at 1,073 USD/MT by December. The market experienced a gradual decline due to weak demand and a surplus of supply, especially as major sectors like polyester and construction slowed down. Prices fell in October as industrial activity weakened, and November continued to see low prices despite some inventory adjustments. By December, further price reductions were influenced by falling benzene costs, adding to the downward pressure. Excess inventories and ongoing economic uncertainty made it challenging for industry players to maintain profitability, keeping Phenol Prices on a downward trend throughout the quarter. These factors created a tough market environment for phenol producers in Germany.

Regional Analysis:  The price analysis can be expanded to include detailed Phenol price data for a wide range of European countries:

such as Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece, along with other European nations.

What is The Price Forecast for Phenol?

The Phenol Price Forecast indicates a mixed outlook, shaped by changing raw material costs, potential demand recovery in key sectors, and global economic conditions. If benzene prices stay low and industrial demand remains weak, Phenol Prices may continue to experience downward pressure. However, possible supply chain disruptions, increased activity in the construction and automotive sectors, or rising crude oil prices could lead to a rebound. Overall, market conditions will largely hinge on production adjustments, inventory levels, and broader economic stability in the months ahead.

Get the Real-Time Prices Analysis: https://www.imarcgroup.com/phenol-pricing-report

Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
  • Spot Prices by Major Ports
  • Price Breakup
  • Price Trends by Region
  • Factors Influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How the IMARC Pricing Database Can Help

The latest IMARC Group study, “Phenol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of the Phenol price trend, offering key insights into global Phenol market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Phenol demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.

About Us:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis and regional insights covering Asia-Pacific, Europe, North America, Latin America, the Middle East, and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.

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