Since the domestic phenol market rose in July, it has been fluctuating at high levels in August. According to the market analysis system of the Business Society, the national market average price was 8207.5 yuan/ton on August 1st, with a rise and fall within the month. On the 31st, it closed at 8207.5 yuan/ton. The major mainstream markets are as follows:
On August 31st, the phenol offers in various markets across the country were as follows:
Region/ Quotation/ Monthly fluctuations
East China region/ 8230./-200
Shandong region/ 8150./100
The surrounding area of Yanshan/ 8200./50
South China region/ 8300./-150
In early August, although the cost side cost increased, the support for phenol was limited. The increase in domestic plant construction combined with port inventory dropping to 15000 tons, and the market was operating in a mixed cycle of ups and downs.
In mid to late August, firstly supported by cost, the factory raised the overall listing price, and the prices quoted by the holders were higher. However, terminal procurement was limited, and shipments were not smooth. Most traders reported higher prices but lower prices. Subsequently, Jiangsu Ruiheng stopped, and the contract volume was tight towards the end of the month. The pressure on holders to ship goods was not significant, pushing up again. However, terminal enterprises still needed to follow up, with limited trading volume and limited growth.
From the perspective of the business community, the raw materials sector remained strong in September. Domestic units Wanhua Chemical and Changchun Chemical have maintenance plans, but downstream configuration units are also undergoing maintenance, which has little impact on market supply. Downstream phenolic resin has become weak during the high temperature off-season, and demand may improve. It is expected that the market will not fluctuate much in September and will continue to fluctuate at high levels, with negotiations ranging from 7900 to 8400 yuan/ton.
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