SunSirs: The Phenol Market Prices Rose First, Then Fell

The domestic phenol market has generally declined since July, but the market has an upward space of about 20 RMB/ton this week. According to data monitored by SunSirs, the domestic phenol market price was 6,600 RMB/ton on July 17, and 6,617 RMB/ton on July 24, an increase of 0.3% or 17 RMB/ton.

As of July 24, Sinopec East China's listed price was 6,650 RMB/ton, and the overall phenol market showed a state of rising first and then falling. The operating rate of phenol-ketone enterprises remained stable during the week, Dalian Hengli phenol-ketone unit was fully loaded, and Yangzhou Shiyou unit resumed normal operation. Overall, domestic supply is sufficient.

In terms of ports, the inventory of Jiangyin Port has dropped to 7,000 tons. From the perspective of the port, the inventory is low. The shipping pressure of East China traders is not great, and there is an intention to report high prices. However, the terminal demand is difficult to support after all. The tentative high reports are difficult to significantly improve the actual orders, and the upward momentum is insufficient. Considering the high average price, the traders have limited room for profit sharing, and the probability of downward movement is not high. The overall wait-and-see attitude of the market has increased.

As of July 24, the phenol quotations in the mainstream markets across the country are as follows:

The overall rigid demand on the demand side is followed up, the participation of intermediate traders is limited, the downstream demand for bisphenol A is expected to decline, and other downstream fluctuations are not large.

SunSirs predicts that the cost support for phenol is not strong. On the supply side, we will continue to focus on the shipment of phenol from Zhenhai Refining and Chemical. On the demand side, the overall volume will decline slightly, and the terminals will mostly maintain rigid demand. At the end of the month, the phenol market will mainly fluctuate within a range.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.