Since the domestic phenol market rose in July, it has been fluctuating at high levels in August, not as high as in September. According to the market analysis system of Business Society, as of September 5th, the national market was 8582.5 yuan/ton, which has accumulated an increase of 30.14% compared to early July in the domestic phenol market. The major mainstream markets are as follows:

The quotation of phenol in various markets across the country on September 5th is as follows:

Region/ Quotation/ Daily fluctuations

East China region/ 8580./130

Shandong region/ 8600./150

The surrounding area of Yanshan/ 8580./130

South China region/ 8650/150

The factory has raised the listing price in a centralized manner. Sinopec’s phenol market in East China has increased by 100 yuan/ton to 8500 yuan/ton, while Sinopec’s phenol price in North China has increased by 100 yuan/ton to 8500 yuan/ton. After multiple increases in factory prices, there was little spot pressure on the market, and traders were reluctant to sell and offer higher prices.

The cost support is strong, and the raw material market is rising. Pure benzene is negotiated at 8000-8050 yuan/ton, and downstream styrene profits are being restored, leading to an increase in factory procurement in the market. With the rapid rise of pure benzene to a high level in recent times, cost support has increased, and factory cost has increased. Actively raising prices is in line with market prices. Be cautious in chasing up high prices at the terminal, prioritize hard demand, and have limited trading volume.

From the perspective of the business community, the raw materials sector remained strong in September. Although domestic units Wanhua Chemical and Changchun Chemical have maintenance plans, downstream configuration units are also undergoing maintenance, which has little impact on market supply. Downstream phenolic resin is expected to weaken during the high temperature off-season, and demand may improve. It is expected that the market will remain strong in September and operate at a high level in the short term, with negotiations ranging from 8550 to 8700 yuan/ton.