This week, the domestic phenol market experienced a rise followed by a decline. According to data monitored by Business Society, the domestic phenol market price was 6945 yuan/ton on April 18th and 6975 yuan/ton on April 25th, an increase of 0.43%.
During the week, the phenol ketone unit of Tianjin Petrochemical was shut down for maintenance, and the expected supply of goods in the north tightened. The Shandong region was the first to raise prices, and trading reports rose. However, terminal factories were cautious in chasing higher prices and showed obvious resistance to high prices. As the holiday approaches, there is no significant increase in pre holiday stocking, and downstream terminal procurement is slow, with little pressure on supply and shipment. However, the intention to offer discounts is cautious, and the market has weakened, with no significant improvement in trading.
As of the 25th, the shipment of phenol in East China has reached 33000 tons, out of a total of 35000 tons. There are still 3000 tons shown in the picture. During the week, the Tianjin phenol ketone unit of China Saudi Arabia was shut down for maintenance, while the feeding of Sinopec Mitsui was restarted and the load is being increased.
Business Society predicts that next week will be the last week of the May Day holiday, and downstream factories of phenol will have a flat stocking mood and little inventory intention. Considering the average price and low pressure on end of month shipments, as well as limited discounts, overall, the phenol market is narrow and unclear, and attention should be paid to the cost and demand situation.