Price trend
In July, the domestic phenol market generally declined. According to data monitored by SunSirs, the domestic phenol market price was 6,680 RMB/ton on July 1st and 6,605 RMB/ton on July 11th, a decrease of 1.12%.
Analysis review
Phenol spot was abundant, and traders held steady at the beginning of the month. Subsequently, as the industry chain fell, the market also declined, and terminal demand was cautious. With the market downturn, considering the slightly higher average price and stronger trend in raw materials, the downward trend slowed down in the middle of this week and gradually bottomed out. Terminal demand followed suit, and the market rebounded slightly.
In terms of ports, on the 11th, the total amount of phenol in East China was 22,000 tons, including 10,000 tons in transit. The operating rate of phenol ketone enterprises had decreased during the week, and the Dalian Hengli phenol ketone plant had reduced its load.
On July 11th, Sinopec East China listed at a price of 6,650 RMB/ton.
As of the 11th, the phenol offers in various mainstream markets across the country were as follows:
|
Area |
Quotation on July 11th (RMB/ton) |
Changes in Early July(RMB/ton) |
|
East China |
6,550 |
-50 |
|
Shandong |
6,600 |
-150 |
|
Yanshan and surrounding areas |
6,650 |
-100 |
|
South China |
6,600 |
-150 |
Market outlook
SunSirs’ expects limited growth in the phenol market next week. Next week, it need to pay attention to the export progress of Zhenhai Refining and Chemical. The overall downstream demand is stable, but the cost may be weak, and the cost side support is limited.
If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
