On the first day after the holiday, major mainstream phenol markets in China experienced a rise. According to data monitored by Business Society, the domestic phenol market price was 7820 yuan/ton on February 5th, with an average increase of around 50-80 yuan/ton on the first day nationwide.
The prices of dual raw materials have risen, and negotiations for pure benzene in East China are at 7700-7750 yuan/ton, supported by favorable cost factors. Phenol traders are tentatively reporting high prices. On the first day after the holiday, the pace of factory entry into the market was relatively slow, and some factories postponed production. Downstream end users inquired more about actual orders and restocking was not yet abundant, resulting in low trading volume. After the holiday, the Guangxi Huayi phenol ketone plant was shut down for maintenance, and the industry’s operating rate dropped to 80%. On February 5th, the phenol offers in various mainstream markets across the country were as follows:
Region/ Quotation on the 22nd/ Compared to pre holiday fluctuations
East China region/ 7820./ 80
Shandong region/ 7780./ 20
Surrounding areas of Yanshan Mountain/ 7780./ 0
South China region/ 7900./ 100
From the perspective of Business Society, there is not much pressure on short-term costs and spot supply, which may support a slight upward trend in the phenol market. In the later stage, the terminal will pay attention to the development of the demand side.
| http://www.polyvinylalcohols.com |