# Phenol and acetone: Trading

No futures, so how do buyers in Kandla price it?

Source page: https://www.materialinsights.org/chemicals/phenol/trading/

What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

#### Who buys, and where

- India
- Turkey
- Saudi Arabia
- Southeast Asia

#### Who sells, and from where

- Singapore
- Thailand
- South Korea
- Taiwan
- United States
- China (increasingly)

#### Price benchmarks

| Benchmark | Publisher | Basis |
|---|---|---|
| **Phenol CFR India** | OPIS, ICIS, Platts | spot, weekly |
| **Phenol East China ex-tank** | OPIS, ICIS | domestic, weekly |
| **Phenol and acetone FD NWE contract** | ICIS | monthly contract |

#### Exchanges

| Venue | Contract | Notes |
|---|---|---|
| **none** | no listed phenol or acetone futures found | Hedging is via benzene (Dalian) or propylene contracts. |

#### Contract types

- Monthly contracts linked to benzene and propylene formulas in Europe and US
- Spot cargoes in Asia (1,000-5,000 t)
- Term contracts with BPA and resin makers

#### Traders and distributors

- Mitsui
- Sumitomo
- Itochu
- Indian distributors in Kandla and Mumbai

#### How Indian buyers price it

- Indian buyers price at CFR India import parity; Kandla ex-tank prices in rupees per kg are the domestic reference (OPIS).
- Import parity at Kandla was about $832/t in December 2025 (OPIS).
- Anti-dumping investigations on phenol (Singapore, Thailand, South Africa, US) and acetone (Singapore, Thailand, South Korea, Taiwan) were expected to start by end-2025 (OPIS).

#### Recent price points

| Date | Price | Basis | Source |
|---|---|---|---|
| Dec 2025 | **$800-842/t** | CFR India spot | OPIS |
| Dec 2025 | **Rs 83.50-84.50/kg** | Kandla ex-tank | OPIS |
| Dec 2025 | **CNY5,800/t** | East China ex-tank weekly average | OPIS |

#### Good sources to follow
[OPIS Energy Market News](https://www.opis.com/resources/energy-market-news-from-opis/)freemium research site · OPIS

India and China phenol prices
[S&P Global Chemical Trends (rationalisation series)](https://www.spglobal.com/energy/en/news-research/special-reports/chemicals/chemical-trends-h1-2026/rationalisation/phenol-acetone)free research site · S&P Global

Phenol-acetone capacity and closures
[Chemical Weekly](https://chemicalweekly.com)paid newsletter · Sevak Publications

Indian chemical prices and projects
[Indian Chemical News](https://www.indianchemicalnews.com)free research site · Indian Chemical News

Indian trade remedies and projects

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/phenol/index.md)
- [Overview](https://www.materialinsights.org/chemicals/phenol/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/phenol/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/phenol/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/phenol/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/phenol/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/phenol/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/phenol/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/phenol/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/phenol/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/phenol/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/phenol/links/index.md)