Price Trend

The domestic phenol market was reorganized and operated this week. According to the monitoring data of business associations, phenol petrochemical factories in eastern China had offered 7800 yuan/ton and 7700 yuan/ton in the local market by the end of this month. At the beginning of the week, manufacturers in eastern China offered 7800 yuan/ton. At the weekend, other manufacturers have not adjusted except for the 50 yuan/ton increase of Levayuan Chemical.

II. Analytical Review

Products: Domestic phenol Market range shocks. Eastern China venue atmosphere is flat, the operator interval is controlled and stable, the downstream terminal purchase just needs to follow up; North China is affected by the progress of the contract, the supply is tight, the supplier intends to overstate the delivery, and the terminal purchase is cautious. Ports remained at a high level, with a stock of 32,000 tons at East China’s phenol port.

Up to now, the market offers are as follows: the mainstream reference offer in East China is 7700 yuan/ton, the Yanshan region is 7950 yuan/ton, the Shandong region is 7850 yuan/ton, the Henan region is 8000 yuan/ton, and the South China region is 8150 yuan/ton.

Industry Chain: Pure Benzene: Pure Benzene is negotiated around 4400 yuan/ton. At present, although the difference between internal and external prices is wide, domestic supply is loose, and the prices on the market are weak. Hengli Shipping is further short-term market expectations, and today’s market is expected to continue weak shocks. Propylene: The decline of propylene market shows signs of expansion. Some propylene producers with large inventory pressures have large downward fluctuations in prices. The mainstream turnover is 6900-6950 yuan. The downstream terminal starts smoothly and needs to be purchased mainly at present.

3. Future Market Forecast

Domestic phenol Market is mainly short-term wait-and-see, market prices are also low, but the late rebound momentum is insufficient. Business associations expect the short-term market atmosphere of phenol Market to be stable, and the negotiation range in East China is expected to be 7700-7800 yuan/ton.