Price trend
On the 11th, domestic phenol factories raised their listing prices one after another, and Sinopec's phenol price rose to 7,850 RMB/ton. According to data monitored by SunSirs, the domestic phenol market price was 7,750 RMB/ton on February 9th, and the market was quoted at 7,850 RMB/ton on February 11th, with a two-day increase of 1.29% or 100 RMB/ton.
Analysis review
Supported by cost, the price of benzene has risen to a reference range of 7,650-7,750 RMB/ton. The expectation of large-scale equipment maintenance in the long term, coupled with tight supply in Shandong, has driven up prices. Supported by the upward trend of raw materials, the market had a positive attitude and increased participation in operations, resulting in an increase in phenol prices.
Supply expectations were tight. The second phase phenol ketone plant of Zhejiang Petrochemical was planned to shut down, and the operating rate of the phenol industry was only 80%. The enthusiasm for market inquiries has increased, and phenol enterprises have raised their listing prices. Sinopec's phenol price has been implemented at 7,850 RMB/ton.
On February 11th, the phenol offers in various mainstream markets across the country were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
7,800 |
50 |
|
Shandong |
7,850 |
80 |
|
Yanshan and surrounding areas |
7,850 |
100 |
|
South China |
7,900 |
100 |
The downstream bisphenol A market remained stable with little market volatility. The upward trend of raw materials phenol and acetone has put pressure on the spot market of bisphenol A, resulting in less active shipping intentions and a decline in transactions. Other downstream products were gradually resuming production, and there was a stable replenishment of essential needs.
Market outlook
From the perspective of SunSirs, there is not much pressure on the short-term market supply side, and market prices may maintain a slight upward trend under the current upward trend. The terminals pay attention to downstream procurement strength and market transaction situation.
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