This week, the domestic phenol market has been operating weakly. According to data monitored by Business Society, from the perspective of the East China market, the domestic phenol market price was 6516 yuan/ton on October 17th and 6550 yuan/ton on October 24th, an increase of 0.51%. Major mainstream markets across the country have made slight adjustments.

In terms of supply, the operating rate of phenol ketone enterprises is 75%. The listing price of Sinopec East China is 6600 yuan/ton, and the operating level of domestic phenol ketone plants is basically stable. The port inventory dropped to a low of 2000 tons within the week, with 29200 tons of phenol cargo recorded in East China in October and 10000 tons known to be in transit in November.
From a demand perspective, downstream rigid demand is the main factor. Considering the high monthly average price and stable prices on weekends, but the short working days this month have led to a high willingness of traders to ship, resulting in insufficient trading volume in the current market.
As of October 24th, the phenol offers in various mainstream markets across the country are as follows:
Region. Quotation on October 24th /Zhou’s ups and downs
East China region / 6550./ 10
Shandong region / 6550./ 25
Surrounding areas of Yanshan Mountain 0
South China region / 6600./ 0
In terms of equipment: Pay attention to the progress of Jilin Petrochemical’s new phenol ketone unit in the later stage. Shandong Fuyu Chemical plans to start a 30 day maintenance on September 28th, and Ningbo Taihua plans to start a 40 day maintenance in mid October.
Business Society predicts that the price of phenol will fluctuate narrowly next week, with little fluctuation in supply and a slight decrease in demand.