Price Trend

This month, the domestic phenol market was collated horizontally and the negotiation atmosphere was flat. According to the monitoring data of business associations, the listed offer of phenol petrochemical plants has been maintained at 8,500 yuan/ton. There is no adjustment plan before the festival, and this month’s market offer is relatively stable. According to the monitoring, the market offer in eastern China is 8,400 yuan/ton.

II. Analytical Review

Products: This month, domestic phenol manufacturers in East China executed 8,500 yuan per ton hanging tray, phenol manufacturers in North China executed 8,500 yuan per ton, Huizhou Zhongxin in South China offered 9,000 yuan per ton. Installation: Huizhou Zhongxin parked for one week but shipped normally during the parking period. Yangzhou Shiyou 25 was accidentally parked and repaired for three days. It was in normal production at the end of the month. In recent years, although the port inventory pressure is not large, it is difficult to pull the market because of poor terminal demand. Up to now, the market offers are as follows: the mainstream reference offer in East China is 8400 yuan/ton, Yanshan is 8500 yuan/ton, Shandong is 8500 yuan/ton, Henan is 8700 yuan/ton, and South China is 8900 yuan/ton.

Industry chain: pure benzene: This month, the pure benzene market rose first and then stabilized. At the end of the month, the pure benzene listed 4650-4700 yuan/ton level. So far, the long holiday effect of the Spring Festival appears. The quotation of the factory remains unchanged. Traders generally suspend the quotation. The domestic pure benzene market is light, showing a price-free market, waiting for the return of the festival. Propylene: This month’s overall decline in the propylene market, so far the market sentiment is still strong wait-and-see. Although the market is negative, the ups and downs are generally supported, but cost constraints, it is expected that the propylene market may continue to decline, but the decline is limited. The overall downstream start-up rate is low, purchasing just needs to be the main, downstream bisphenol A, epoxy resin and other products stable operation, the market has no waves.

3. Future Market Forecast

At present, the domestic phenol Market is in a weak position. In recent years, there is no adjustment plan for the factories concerned. Traders withdraw from the market mostly without quotation, but seldom with quotation. Phenol analysts of business associations believe that the phenol market will remain stable during the Spring Festival holidays. They expect to offer about 8400 yuan/ton in the mainstream market of East China.