Price trend:
The domestic phenol market stabilized gradually after a sharp decline in November. Sinopec's listed price in East China was 6,300 RMB/ton. According to data monitored by SunSirs, the domestic phenol market price in East China was 6,415 RMB/ton on November 1st and 6,292 RMB/ton on November 10th, a decrease of 1.91%.
Market Analysis
Since November, phenol prices have continued to decline. On the supply side, the estimated shipment volume of phenol in East China was 17,000 tons, and the overall operating rate of domestic enterprises was around 75%. On the demand side, downstream bisphenol A demand was expected to increase, while other downstream demand remained largely unchanged. On the cost side, overall fluctuations were minimal.
On November 10th, Hengli Petrochemical's 650,000-ton/year plant underwent a temporary maintenance shutdown. Traders may be inclined to hold firm on prices, leading to a slight increase in quotations, but actual transactions remained uncertain.
As of November 10th, the phenol quotations in major markets across the country were as follows:
|
Regions |
Quotations on November 10 |
Changes from October 1-10 |
|
East China |
6,250 RMB/ton |
-70 RMB/ton |
|
Shandong |
6,300 RMB/ton |
-100 RMB/ton |
|
Yanshan surrounding area |
6,300 RMB/ton |
-100 RMB/ton |
|
South China |
6,320 RMB/ton |
-180 RMB/ton |
Market outlook
SunSirs predicts that supply will tighten in the short term, while costs will rise somewhat. The domestic phenol market is expected to remain relatively stable overall, with attention focused on actual transaction negotiations.
If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
