The tight supply of goods continues to drive the phenol market higher. On the 27th, Sinopec once again raised the listing price of phenol. The listing price of phenol in Sinopec East China is 8700 yuan/ton, and the listing price of phenol in Sinopec North China is 8700-8750 yuan/ton. The tight supply in the market continues to be positive, with traders showing strong sentiment towards price increases and factories taking advantage of the situation to raise prices. However, the terminal market is cautious in chasing price increases, with some urgent needs mainly being replenished, and there is insufficient follow-up on trading.
On the 27th, due to the wide upward trend of crude oil, the market price of pure benzene in East China was relatively strong, with pure benzene prices ranging from 8480-8550 yuan/ton. The atmosphere between buyers and sellers has been tense in recent months, but there has been a significant upward trend in the far months. Shandong region has been listed for price increase due to cost support. The cost is supported by favorable downstream phenol.
The phenol offers in various markets across the country on August 27th are as follows:
East China region: 8750, up 50
Shandong region: 8750, up 50
Surrounding areas of Yanshan: 8700, up 50%
South China region: 8780, up 50
The current phenol market is mainly affected by supply and demand, and short-term futures will continue to be tight. The operating rate of phenol ketone factories will increase in September, and the focus should also be on the replenishment of imported goods. Business Society expects phenol to continue to operate steadily in the short term, and pays attention to market transactions.
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