The domestic phenol market rebounded after rising. According to the Market Analysis System of Business Society, the national market average price was 8045 yuan/ton on August 18th, with a decrease of 1.59% during the week.

The quotation of phenol in various markets across the country on August 18th is as follows:

Region/ Quotation/ Weekly ups and downs

East China region/ 8000./-150

Shandong region/ 8050./-100

The surrounding area of Yanshan/ 8050./-100

South China region/ 8080./-170

Port replenishment, falling within the week. Last week, there was not much supply pressure in the phenol market, and the market’s upward momentum was evident. The market’s focus was slightly boosted, and some companies also raised their listing prices at the beginning of the week. However, this week, domestic trade shipments were replenished well, and operators participated cautiously. The supplier continued to make concessions for shipments, resulting in a weaker market focus and a drop below 8000 yuan/ton in the middle of the week.

The buying enthusiasm of end users is poor, and the wait-and-see sentiment of end users is heavy. The actual transaction situation in the market is not optimistic.

Next week, we will focus on the supply of domestic resources. Currently, there is not much supply pressure, but with high costs and average prices, there is little intention for holders to offer profits. Business Society believes that the market negotiation is between 8050 and 8200 yuan/ton, with most terminals mainly focused on hard demand, and is expected to slightly increase next week.