On the 11th, domestic phenol factories raised their listing prices one after another, and Sinopec’s phenol price rose to 7850 yuan/ton. According to data monitored by Shengyi Society, the domestic phenol market price was 7750 yuan/ton on February 9th, and the market was quoted at 7850 yuan/ton on February 11th, with a two-day increase of 1.29% or 100 yuan/ton.

Supported by cost, the price of pure benzene has risen to a reference range of 7650-7750 yuan/ton. The expectation of large-scale equipment maintenance in the long term, coupled with tight supply in Shandong, has driven up prices. Supported by the upward trend of raw materials, the market has a positive attitude and increased participation in operations, resulting in an increase in phenol prices.

Supply expectations are tight. The second phase phenol ketone plant of Zhejiang Petrochemical is planned to shut down, and the operating rate of the phenol industry is only 80%. The enthusiasm for market inquiries has increased, and phenol enterprises have raised their listing prices. Sinopec’s phenol price has been implemented at 7850 yuan/ton.

On February 11th, the phenol offers in various mainstream markets across the country were as follows:

Region/ Quotation on February 11th/ Daily fluctuations

East China region/ 7800./ 50

Shandong region/ 7850./ 80

Surrounding areas of Yanshan Mountain/ 7850./ 100

South China region/ 7900./ 100

The downstream bisphenol A market remains stable with little market volatility. The upward trend of raw materials phenol and acetone has put pressure on the spot market of bisphenol A, resulting in less active shipping intentions and a decline in transactions. Other downstream products are gradually resuming production, and there is a stable replenishment of essential needs.

From the perspective of Shengyi Society, there is not much pressure on the short-term market supply side, and market prices may maintain a slight upward trend under the current upward trend. The terminal pays attention to downstream procurement strength and market transaction situation.