At the beginning of the new week, the domestic phenol market remained strong and upward. According to data monitored by Shengyi Society, the domestic phenol market price on November 4th was 7562.5 yuan/ton, with a slight increase of about 50 yuan/ton at the beginning of the new week.
Sinopec Huadong phenol is listed at a price of 7600 yuan/ton. Sinopec North China phenol is listed at a price range of 7550-7600 yuan/ton. As of the 4th, the phenol offers in various mainstream markets across the country are as follows:
Region/ 4-day quotation/ Daily fluctuations
East China region/ 7470./ 50
Shandong region/ 7600./ 0
Surrounding areas of Yanshan Mountain/ 7600./ 0
South China region/ 7570./ 50
At the beginning of the week, the inventory at Jiangyin Port did not fluctuate significantly, maintaining at a level of 15000 tons. With the expectation of delayed arrival of domestic trade sources, traders’ intentions were high, and most offers on Monday remained firm. From a cost perspective, the spot price of pure benzene has risen, with reference transactions ranging from 7200-7350 yuan/ton. The restart of styrene maintenance facilities in the distant months has increased demand for pure benzene, which is favorable for the benzene market. From a cost perspective, it provides favorable support for downstream phenol.
The downstream bisphenol A spot market is running lightly, and overall it remains lukewarm in November. Market offers are steadily advancing, with negotiations in the East China region at 8900-9100 yuan/ton. There is currently no significant news impact on the market.
It is expected that the phenol market will continue to rise in price, and attention should be paid to the fundamental dynamics of supply and demand.
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