The phenol market was depressed after falling in November, and there was insufficient buying

In November, the phenol market was depressed after falling, and under the restriction of demand, the phenol market has been adjusting in a weak range in the middle and late ten days. According to the monitoring data of business agency, the average price of phenol in China was 9580 yuan / ton on November 1, and 9212 yuan / ton on November 30, a decrease of 3.84% in the month. As of the end of the month, the offers of major mainstream markets were as follows: 9200 yuan / ton in East China, 9200-9250 yuan / ton in Shandong and Yanshan, and 9200 yuan / ton in South China.

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Trend chart of average phenol price in the national market

Monthly K column chart of ex factory price in East China

In early November, pure benzene maintained a range shock trend; It began to fall continuously in the latter ten days, and the price width weakened. On November 1, the price was 7550-7803 yuan / ton (the average price was 7640 yuan / ton); On November 30, the price was 6150-6650 yuan / ton (the average price was 6390 yuan / ton), the highest price of this month appeared on November 1, the price was 7640 yuan / ton, and the lowest price appeared on November 30, the price was 6390 yuan / ton. This month decreased by 16.36%, up 52.51% over the same period last year, and the difference between the highest and lowest price in the month was 1250 yuan / ton. Affected by the weakness of crude oil and styrene, the pure benzene market mentality continued to be suppressed in the first half of the month, with the trend dominated by weak shocks. It is expected that the downstream units will restart and new units will be put into operation, the supply and demand side is expected to be good, and the market price support psychology still exists. In the last ten days, the decline of crude oil expanded, styrene maintained a continuous downward trend, and the upstream and downstream support of pure benzene was weak. In terms of supply, the load of a large unit in East China is increased, and the supply of pure benzene is expected to increase in December; The arrival of cargo at East China port is concentrated, and the inventory rises rapidly. It is expected that the inventory will continue to rise in the later stage. Multiple bad news superimposed, and the price of pure benzene fell rapidly. The price of Sinopec remained stable in the first half of this month, and the price was reduced four times in the second half of this month, from 1150 yuan / ton to 6350-6450 yuan / ton.

In November, the overall performance of propylene market was more than enough, and the price was pushed up several times, but it was finally weak. At the beginning of the month, due to the sharp decline of international oil prices, the price of propylene accelerated to fall. At the same time, the overall downstream demand was general and the demand support was insufficient. After falling prices at the beginning of the month, propylene prices rebounded slightly in the second week, and then began to stabilize. However, there was no obvious positive factor support in the market, the price loosened and began to fluctuate and fall. Enterprises mainly complete the orders of old customers, lack of new orders, lack of downstream gas, and just need. The price of upstream raw materials has declined as a whole. Under the constraints of cost and demand, the price of enterprises has been continuously reduced in order to ship goods smoothly.

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From the supply side, the operating rate of domestic phenol ketone enterprises has maintained a stable trend.

market region Enterprise name Capacity (phenol / acetone) Proportion Device dynamics

North China Beijing yanshan petrochemical 16/10 15.9% 100%

Tianjin Zhongsha Tianjin 22/13 100%

Shandong region doy Lihua yiweiyuan 22/13 9.1% 100%

Northeast China Heilongjiang Blue Star Harbin 9.5/5.5 7.6% 90%

Jilin Jilin Petrochemical 9/5 100%

East China Shanghai Gaoqiao Petrochemical 15/9 47.9% 100%

Ningbo Taihua 30/18 50% of construction starts within the month

Jiangsu Shiyou (Yangzhou) 20/12 After November 10, the project will be started with full load

Jiangsu Changshu Changchun 30/18 Increase the negative to 90% in the middle of the year

Shanghai Sinopec Mitsui 25/15 100%

Shanghai Cissa (Shanghai) 25/15 The construction started at 90%

South China Guangdong Huizhou Zhongxin 18/12 19.5%

Guangdong CNOOC shell 22/13 70% operation

The downstream bisphenol a market rose and fell frequently, and the overall focus decreased greatly compared with the previous month. According to the monitoring data of business society, the domestic bisphenol a market offered 18500 yuan / ton on November 1 and 16800 yuan / ton on November 30. In the market of bisphenol A, the auction price in East China was lower and the market confidence was severely damaged after the second half of the market. Although factories began to sell at a price of 17600 yuan / ton, the market was still in a downward trend. After that, the factory adjusted its price to 17000 yuan / ton to keep up with the market. The trading firm followed the market, and the market was stable at 16700 yuan / ton. In December, the domestic bisphenol a supply is expected to increase, and the start-up of new units is worthy of attention. The business society expects that the bisphenol a market is cautious in December, and the range is expected to be properly sorted and operated. For details, pay attention to the domestic factories and downstream demand.

From the perspective of business society, the domestic phenol market was mainly sorted and operated in December, and the downstream bisphenol A was newly put into operation in December. The new production capacity was mostly connected with Sinopec in the early stage, which had limited impact on the phenol Market and it was difficult to greatly improve the terminal. Business society expects the phenol Market to be adjusted and operated in December.

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