In May, the domestic phenol market rose first and then fell, and the market was mainly downward. According to data monitored by SunSirs, the domestic phenol market price was 6,712 RMB/ton on May 1, and the domestic phenol market price was 6,680 RMB/ton on May 30, down 0.4%.

After the May Day holiday, crude oil fell below the 60 mark during the holiday, and pure benzene fell sharply, but the next day, pure benzene was driven by crude oil and macro-economics, and the price rose rapidly. Phenol traders also took the opportunity to actively push up the market, and downstream actively replenished stocks, but there was no lack of high reporting and low selling. The overall market still showed a steady upward trend.

In the second half of the month, the cost side lacked support, and the participation of phenol traders was limited. Considering that the average monthly price was high, traders were not willing to make concessions, but with the sluggish atmosphere at the end of the month and insufficient follow-up in transactions, the market also fell into a stalemate.

As of the 30th, the phenol quotations in the mainstream markets across the country are as follows:

In terms of equipment in May: Huizhou Zhongxin Phase I and Phase II phenol-ketone units were shut down and switched on May 6, Sinopec Tianjin Petrochemical's 350,000 tons/year phenol-ketone unit was shut down on April 21, and is expected to be overhauled for 45 days; Shandong Fuyu's 250,000 tons/year phenol-ketone unit was shut down from May 18 to 27; Bluestar Harbin's 150,000 tons/year phenol-ketone unit was shut down for a week at the end of the month.

SunSirs predicts that the market will fluctuate in the range in June. In June, Yangzhou Shiyou and Jiangsu Ruiheng's contract plans are reduced, and supply pressure is not expected to be large; in terms of demand, the downstream phenolic resin field is affected by the high temperature off-season, and the operating rate has been reduced; in late June, Zhenhai Refining and Chemical's phenol is expected to be sold to the outside world. It is expected that the market will rise first and then fall in June, with the overall price being between 6,500 and 6,800 RMB per ton.

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