At the beginning of the week, the inventory level at the port was not high, only 6000 tons, and spot goods were still in a tight supply situation, with a stable supply and price sentiment. However, due to the sluggish buying enthusiasm at the end of the week and poor shipment, there was a concession operation. Subsequently, the market center of gravity weakened in the middle of the week, and the inverted range of the market widened, resulting in a slightly quiet trading atmosphere. According to data monitored by Business Society, the domestic phenol market price was 8017.5 yuan/ton on December 6th and 7930 yuan/ton on December 13th, with a slight decrease of 1.1% during the week.
Sinopec Huadong phenol is listed at a price of 7800-8000 yuan/ton. Sinopec North China phenol is listed at a price range of 8000-8050 yuan/ton. As of the 9th, the phenol offers in various mainstream markets across the country are as follows:
Region/ Quotation on the 13th/ Zhou’s ups and downs
East China region/ 7800./ -170
Shandong region/ 8000./ 0
Surrounding areas of Yanshan Mountain/ 8000./ -50
South China region/ 7900./ -150
As of now, the cargo statistics in East China are 26000 tons, reaching 9000 tons, and the inventory at Jiangyin Port is at a low level of 17000 tons. Follow up on the shipping dynamics.
Faced with high price resistance in demand, terminal enterprises mainly focus on purchasing essential goods, which has been constrained by the previous round of price increases. The downstream bisphenol A spot market rose to 9300-9400 yuan/ton due to the impact of raw material price adjustments.
During the shutdown of the Yangzhou Shiyou phenol ketone plant, the shipment of goods has been suspended. We will continue to monitor the replenishment of ship cargo in the near future, and there will be no significant increase in port storage in the short term. The pressure on the supply side is not high, and the space for supply concessions has narrowed. Business Society expects that the short-term market fluctuations will not be significant, mostly around 50-100 yuan/ton.
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