This week, the domestic phenol market showed stability in the first half of the week and a slight increase in the second half. According to data monitored by Business Society, the domestic phenol market price was 7727 yuan/ton on the 18th and 7827.5 yuan/ton on the 25th, an increase of 1.29% for the week.

Sinopec Huadong phenol is listed at a price of 7750 yuan/ton. Sinopec North China phenol is listed at a price range of 7700-7750 yuan/ton. As of the 25th, the phenol offers in various mainstream markets across the country are as follows:

Region/ Quotation on the 25th/ Zhou’s ups and downs

East China region/ 7780./ 150

Shandong region/ 7900./ -50

Surrounding areas of Yanshan Mountain/ 7750./ -50

South China region/ 7800./ -50

From the supply side, in terms of equipment, there was no on-off status of phenol ketone during the week, and the overall operating rate of the industry was over 80%. The port has seen an increase in inventory, with an initial count of around 10000 tons at the beginning of the week. In the middle of the week, domestic trade ships and cargo mainly arrived in Hengyang. Currently, there is not much pressure on spot supply, and coupled with the high average price within the month, traders have a greater intention to push up their offers. The market center of gravity will push up in the latter half of the week.

The downstream bisphenol A spot market has slightly declined, and overall it remained lukewarm in October. Market offers have been steadily maintained, and negotiations in the East China region have reached 8800-9000 yuan/ton, a decrease of 300 yuan/ton compared to last month. There is currently no significant news impact on the market.

It is expected that the overall market will operate weakly next week. According to statistics, there are still 28000 tons of goods in transit, and the overall supply may increase next week. Please pay attention to the market demand situation next week.