The domestic phenol market was weak and volatile this week. During the week, the port inventory was still at a low level. In addition, some factories were limited in picking up phenol, and the supply side was not sufficient temporarily. In addition, the traders’ holding costs were high, and there was limited room for profit. However, at the beginning of the week, mainstream manufacturers made up for the decline of phenol, which increased the wait-and-see mood of buying. In addition, the downstream BPA prices were weak, and the downstream BPA factories did not have centralized purchase in the market, and the overall demand side was not performing well. In addition, the upstream pure benzene fell in shock, Lack of support on the cost side, sporadic buying depressed prices, low overall negotiation activity, and strong demand for deals. As of this Monday, the reference negotiation of phenol market in East China was 10550-10550 yuan/ton, that in South China was 10600-10650 yuan/ton, and that in Central China was 10850-10900 yuan/ton.

It is expected that the supply and demand of the domestic phenol market will continue to dominate in the future. The inventory and maintenance plans of the phenol ketone devices of Changchun Chemical and Ningbo Taihua are expected to reduce the volume of the contract. In addition, the frequency and quantity of domestic trade and imported ships arriving at the port are variable, which will affect the market supply, and the short-term spot supply pressure is not large. The newly added phenol extraction operation without supporting phenol ketone unit in the downstream of bisphenol A will affect the spot circulation of the market in stages. In addition, the demand in other downstream areas is difficult to improve significantly. In general, although the stable price of the factory supports the traders’ reluctance to make profits due to poor actual shipments, the phenol market may continue to operate in a short period of time, focusing on the support of demand transaction volume.

Chemwin is a chemical raw material trading company in China, located in Shanghai Pudong New Area, with a network of ports, terminals, airports and railroad transportation, and with chemical and hazardous chemical warehouses in Shanghai, Guangzhou, Jiangyin, Dalian and Ningbo Zhoushan, China, storing more than 50,000 tons of chemical raw materials all year round, with sufficient supply, welcome to purchase and inquire. chemwin email: service@skychemwin.com whatsapp: 19117288062 Tel: +86 4008620777 +86 19117288062