The domestic phenol market gradually stabilized after a significant decline in November. Sinopec East China’s listed price is 6300 yuan/ton. According to data monitored by Shengyi Society, from the perspective of the East China market, the domestic phenol market price was 6415 yuan/ton on November 1st and 6292 yuan/ton on November 10th, a decrease of 1.91%.
Since November, phenol has continued to decline. In terms of supply, the shipment volume of phenol in East China is 17000 tons, and the overall operating rate of domestic enterprises is 75%. On the demand side, downstream demand for bisphenol A is expected to increase, while other downstream changes are not significant. From a cost perspective, the overall fluctuation is not significant.
On the 10th, Hengli Petrochemical’s 650000 tons/year unit was temporarily shut down for maintenance, and traders may have a bullish sentiment, resulting in a slight increase in prices. Transactions are yet to be seen.
As of November 10th, the phenol offers in mainstream markets across the country are as follows:
Region. Quotation on November 10th /Rise and fall from November 1st to 10th
East China region / 6250./ -70
Shandong region / 6300./ -100
Surrounding areas of Yanshan Mountain / 6300./ -100
South China region / 6320./ -180
Business Society expects that the supply side will tighten in the short term, and the cost side will increase. The overall fluctuation of the domestic phenol market is not significant, and we will pay attention to the actual negotiation situation.