Price trend
On the first day after the holiday, major mainstream phenol markets in China experienced a rise. According to data monitored by SunSirs, the domestic phenol market price was 7,820 RMB/ton on February 5th, with an average increase of around 50-80 RMB/ton on the first day nationwide.
Analysis review
The prices of dual raw materials have risen, and negotiations for benzene in East China were at 7,700-7,750 RMB/ton, supported by favorable cost factors. Phenol traders were tentatively quoting high prices. On the first day after the holiday, the pace of factory entry into the market was relatively slow, and some factories postponed production. Downstream end users inquired more about actual orders and restocking was not yet abundant, resulting in low trading volume. After the holiday, the Guangxi Huayi phenol ketone plant was shut down for maintenance, and the industry's operating rate dropped to 80%.
On February 5th, the phenol offers in various mainstream markets across the country were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
7,820 |
80 |
|
Shandong |
7,780 |
20 |
|
Yanshan and surrounding areas |
7,780 |
0 |
|
South China |
7,900 |
100 |
Market outlook
From the perspective of SunSirs, there is not much pressure on cost and spot supply in the short term, which may support a slight upward trend in the phenol market. In the later stage, the terminal should pay attention to the development of the demand side.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
