Market trend: phenol market started this week, affected by poor downstream demand, stopped rising and turned down. At present, the reference offer in East China market is 6600 yuan / ton. The market atmosphere is light. The daily opening and early offer of the carriers are low, but the demand is still sluggish. In the atmosphere of buying up and not buying down, in addition to the high price of phenol in the early phenol rising market, the terminal participation enthusiasm slows down, and the trading is poor. According to the monitoring of the business association, the listing price of petrochemical manufacturers has remained stable at 6900-7000 yuan / ton. However, the prices of major markets were lower. The prices in East China were 6600-6650 yuan / ton, South China 6850 yuan / ton, and Shandong and Yanshan surrounding areas were relatively stable at 7000 yuan / ton. The market fell 150-350 yuan / ton this week.

Analysis and comment: the raw material pure benzene market is weak. Affected by the current spot delivery pressure of the port, the focus of pure benzene market is weak, and the market reference offer is 3100-3600 yuan / ton. At present, in the late ten days of the port, there are concentrated arrivals, the pressure of port pure benzene is increasing, and the short-term industry is bearish on the market. On May 13, Sinopec offered 3100 yuan / ton for Qilu Petrochemical Company in North China, 3150 yuan / ton for Yangzi Petrochemical Company in East China, 3150 yuan / ton for Hainan Petrochemical Company in South China, 3600 yuan / ton for Sinopec Group, 3600 yuan / ton for Jingbo Petrochemical Company, 3500 yuan / ton for Dongming Petrochemical Company, 3150 yuan / ton for HSBC Petrochemical Company and 3500 yuan / ton for Jincheng petrochemical company. Another important raw material propylene market, the current market momentum is obvious, the mainstream transactions are mostly 6600 yuan / ton, the wide downstream market of propylene has a high rate of plant operation, the demand for propylene procurement is stable and upward, propylene shipment is smooth, the current propylene inventory is still low, and the short-term propylene is stable and upward.

The downstream market began to weaken. At present, the bisphenol a market ended its upward trend and gradually recovered. At present, the price of bisphenol a market in East China is 9700 yuan / ton, the price of bisphenol a market in North China is 9700 yuan / ton, and the price of bisphenol a market in South China is 10000 yuan / ton. Due to the low purchasing mood of the downstream resin factory, the overall trading atmosphere of the market is weak, and the price of the commodity holder is loose, but the profit space is large Limited, the current market trading atmosphere is poor, very few transactions.

On the external market, more gains and less losses. The price of phenol in CFR China rose 82 US dollars / ton to 696 US dollars / ton, while the price of phenol in CFR Southeast Asia and CFR India rose 33 US dollars / ton to 673 US dollars / ton and 667 US dollars / ton respectively this week. Phenol prices in northwest Europe rose 36 euros / ton to 732 euros / ton, with the trading atmosphere flat. The price of phenol in the United States rose 45 US dollars / ton to 395 US dollars / ton FOB, with little change in the overall market fundamentals and lagging demand performance.

Future market forecast: Although the pressure on the supply of phenol Market is not great, it is still difficult to meet the sluggish demand market. The pressure on the cargo holders is increasing, the shipment is not smooth, and the opening is lower. However, under the support of the supply side, there is no stable offer traders at the same time, and the current market is short of follow-up trading, with few transactions. The phenol Market in East China may have further downside risks, and the market declines. It is expected that 6500 yuan / ton of offer in East China is expected to break through.