This week, domestic phenol plants raised their prices by 100-150 yuan/ton for two times, including 7950 yuan/ton for Sinopec East China phenol and 8000 yuan/ton for Sinopec North China phenol. With the help of the factory’s centralized price adjustment, the traders are highly motivated to promote the price increase, and the focus of the negotiation continues to rise. However, the downstream high price replenishment is cautious, and the trading volume is limited.
Phenol market trend in major regions of the country
Factories focus on boosting the market. At present, the cost of raw materials is high, and the theoretical profit value of the phenolic ketone plant is – 450 yuan/ton, which is higher than that of last week. On the 10th, Sinopec East China phenol listing price was increased by 150 yuan/ton to 7950 yuan/ton, and Sinopec North China increased by 100-150 yuan/ton for two consecutive times to 8000 yuan/ton. The ex-factory price of Lihua Yiweiyuan chemical phenol products is 8000 yuan/ton. The increase in factory prices is obviously good for the market, and the quotations of major mainstream markets have been raised one after another.
On February 13, the offer of phenol in various markets across the country was as follows:
Region/ Quote/ Daily rise and fall
East China/ 8000-8050./ 80
Shandong region/ 8000-8050./ 150
The surrounding area of Yanshan/ 8050./ 150
South China/ 8000./ 150
The supply of imported goods is small, and the port stock is declining. Last Friday, the port stock fell to 23000 tons. East China traders took the lead in pushing up the offer, and the focus of negotiation continued to rise. With the help of the factory offer increase, the terminal cautiously inquired, and negotiated the high level of trading.
The industrial chain support is slightly insufficient. The spot price of upstream pure benzene is stable, and the reference price of Shandong market is 6780 yuan/ton. Traders are reluctant to sell at a low price. However, Shandong has heard that there is a parking plan, and the supply side is expected to be more supportive or slightly boosted in the future. At present, the trading atmosphere in the market is general, and the impact of the information side continues to be concerned. The downstream bisphenol A market is flat, with a narrow decline. Although the cost support of bisphenol A is obvious, the downstream demand of the industrial chain is poor, and the epoxy resin and PC procurement are insufficient, so it is difficult to expand the quantity of the actual order. At present, the negotiation price in East China is 10000 yuan/ton, and that in North China is 9850 yuan/ton.
From the point of view of the business community, the terminal enterprises are more cautious in purchasing in the market at present, and they mainly need inquiries, while the intermediate traders are also more wait-and-see market, and the inventory in the market is more cautious, which needs to be improved in terms of the actual orders on the market. However, from the perspective of the profit of the phenolic ketone product enterprises, despite the overall increase of the factory, it is still in a loss state in theory. Based on the above, it is estimated that there is still room for improvement in the short-term phenol market after the strong operation. In the later stage, the focus will be on demand procurement. The reference price in East China is 8000-8050 yuan/ton.
