Price trend

On the 23rd, the phenol market in the domestic mainstream areas rose in different ways. Although it was still mainly driven by the increase, the increase was not obvious. The price of phenol in East China rose by 50-100 RMB/ton as a whole, and the mainstream negotiation was close to 9,200 RMB/ton.

Analysis review

On the one hand, the supply pressure is not big. At present, the operating rate of the phenolic and ketone industry is around 80%. Compared with the previous August, the operating rate is low, and the supply side has decreased. The source of imported goods is relatively stable and the supply is flat.

On the other hand, near the end of the month, considering that the average contract price is on the high side, stockholders have little intention to offer low prices. In addition, although the stockholders are still pushing the sentiment, only the terminal just needs to participate in the replenishment, and the participation of the intermediate traders is limited. In this case, the market is slightly upward, and the increase is limited.

Market outlook

Near the end of the month, the business agency expects that the market will still run strongly on the 24th, and the mainstream reference in East China will be 9,250 RMB/ton.

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