October is near the end, and the phenol market has been in range fluctuation for a month, showing a trend of rising first and then falling. The overall negotiation atmosphere is light and the trading is cold. According to the monitoring data of business agency, the average offer of phenol Market in China increased from 5487 yuan / ton on October 1 and October 28, 2020 to 5950 yuan / ton in the middle of the month, and fell to 5587 yuan / ton near the end of the month, and the current offer in East China dropped by 5500 yuan / ton. Shandong and other North China region offer continued high, but few market transactions, South China slightly high, downstream still just need to follow up.

Trend chart of phenol average price in national market

Trend chart of phenol commodity index in East China (factory offer)

Near the end of the month, the market range fluctuates, and the focus continues to be narrow. Although the pressure on the supply side is small and the domestic supply is general, under the condition of poor downstream demand, the on-site trading volume is obviously insufficient, but on the other hand, the participation of intermediate traders is not high. The domestic phenol Market is still difficult to break through the bottleneck under the game of supply and demand.

From the downstream demand side, the bisphenol a market maintained a good situation in October. Last month, it rose first and then fell. This month, it mainly rose first and then stabilized. After the last ten days, the bisphenol a market has maintained a firm offer, especially for factories, which has been raised to 13000 yuan / ton. The market confidence has increased a lot, while the market has been above 12400 yuan / ton. However, from the perspective of trading atmosphere, the market performance in the latter ten days is good In the end, there were empty offers and few actual transactions. Another important downstream phenolic resin, has been in a stable operation state, and the start-up level fluctuates little.

From the point of view of business agencies, the phenol market was weak at the end of the month. Although there was little pressure from Hong Kong, the downstream follow-up was insufficient. Some traders were still not optimistic about the future market and actively shipped goods, and the offer was slightly lower according to the market. The business agency predicts that the phenol Market in Jinjiu yinshixia is not performing well. Throughout the year, it is also fluctuating in the middle of the standoff. At the end of the month, the phenol Market is difficult to cash in, and the overall negotiation space is 5450-5500 yuan / ton.