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SunSirs: The Domestic Phenol Market Was Strong, and the Focus of Discussions Was Rising

August 03 2022 09:20:56     SunSirs (John)

Price trend

Analysis review

In terms of factories, Sinopec East China Factory raised the price of phenol by 100 RMB/ton at the beginning of the month, and implemented 9,300 RMB/ton; on the 2nd, LihuaYi Weiyuan raised the price of phenol by 100 RMB/ton and executed 9,400 RMB/ton. It can be seen that the atmosphere in the field was high.

In terms of the market, the price of phenol in mainstream markets across the country rose by 150-220 RMB/ton on the 1st, and the price of phenol in the East China market rose to 9,400 RMB/ton.

The reasons are as follows: on the one hand, the port inventory decreased at the beginning of the week, which was about 25,000 tons, which was relatively low. On the other hand, the maintenance plan of the phenol and ketone plant increased in August, and the contract volume decreased. Therefore, the traders on the floor were positive, the offers pushed up, and the low prices did not ship, and the inquiries from the intermediate and terminal traders increased, but the transaction on the floor was average.

Market outlook

The current spot and expected supply of phenol is tightening, which is a positive support for the market. SunSirs expects that the negotiated price of phenol in East China will remain at 9,400 RMB/ton, and the focus of the phenol market is strong.

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