The factory raised 150-200 yuan / ton intensively, and the market followed the upward trend. The negotiation reference was 9350-9400 yuan / ton. At the beginning of the week, the port inventory decreased to 26000 tons, and there was little pressure on import. With the help of the centralized increase of petrochemical enterprises, it was difficult to find the supply of low-cost goods on the site, and the high opening of cargo holders pushed up obviously. However, the downstream was still cautious in chasing up, and the on-site inquiry was flat. As of press time, the major mainstream market offers are as follows: the offer in East China is 9380 yuan / ton, the offer in Shandong and Yanshan surrounding areas is 9300 yuan / ton, and the offer in South China is 9450 yuan / ton.

Trend chart of average phenol price in the national market

Weekly k-column chart of ex factory price in East China

In terms of raw materials, pure benzene is rising in Shandong, and new units will be put into operation in the downstream. The market negotiation atmosphere is positive, and the price has continuously risen to the high level of 6850-6900 yuan / ton. Driven by the rise in East China, pure benzene has continued to rise in the first half of the week. However, with the continuous rise in the price of pure benzene, the resistance in the downstream has increased, the follow-up mood has dropped, and the downstream devices have not been put into operation as scheduled, so the mentality of the industry has changed to caution. It is heard that pure benzene in East China port will continue to accumulate in the next week, and the inventory pressure will further depress the market mentality. Pure benzene fell continuously in the second half of the week. This week, Sinopec raised the price of pure benzene by 150 yuan / ton to 6600 yuan / ton (some enterprises in North China increased by 400 yuan / ton).

propylene (Shandong) prices fell slightly and showed a consolidation trend. As of Friday, the propylene price in Shandong market was 7400-7450 yuan / ton. According to statistics, by the end of November, China’s total propylene production capacity was 49.94 million tons / year, and the new production capacity reached 5.24 million tons / year. Excluding some obsolete production capacity, there are still new projects to be put into operation in December. It is expected that China’s propylene production capacity will exceed 50 million tons by the end of the year. There are sufficient sources of goods on site At the same time, the demand boost is limited, and the price reduction is mainly to let the profit go.

In late December, the domestic bisphenol a market fluctuated in a narrow range. This week, the offer of manufacturers was stable, some factories suspended the offer, and there were few sources of middlemen. At present, the market offer of bisphenol A in mainstream North China and East China is 16100-16200 yuan / ton, and there are few spot resources in North China. The bidding price of a petrochemical enterprise in East China is 14800 yuan / ton (agreement product) and 14900 yuan / ton (first-class product).

From the perspective of business society, at present, the seller has strong upward sentiment and the market price is not low. It is expected that the phenol market will continue to operate at a high level in late December, and the registration price in East China phenol Market is 9400-9450 yuan / ton.