What are phenol-acetone price assessments?
We assess phenol-acetone assessments on a weekly basis. In Asia, both phenol and acetone were historically assessed on a CFR China and CFR Southeast Asia basis but prices will now also be assessed on a CFR India basis to capture higher spot market liquidity.
Phenol, also known as carbolic acid, is a white crystalline solid, which has been historically produced through the oxidation of 1-methylethylbenzene, commonly called cumene, which is made from benzene. Starting with benzene and propene, the whole process includes three steps, with the only other major product being 2-propanone or acetone. Derivatives of phenol include phenolic resins, bisphenol-A (BPA), caprolactam, adipic acid.
Acetone, also sometimes known as 2-propanone or dimethyl ketone is widely used as a chemical intermediate in the production of other chemicals. Acetone is primarily used in the production of commercial products such as acrylic plastics, which are used for glazing, signs, lighting fixtures and displays. Acetone is also used in conjunction with phenol in the production of BPA.