After the holiday, the domestic phenol market mainly declined. According to data monitored by Shengyi Society, from the perspective of the East China market, the domestic phenol market price was 6820 yuan/ton on October 8th, and 6516 yuan/ton on October 17th, a decrease of 4.45%. All major mainstream markets in China have experienced a similar degree of decline.

Sinopec’s listing price in East China has been lowered by 250 yuan/ton, with an execution of 6600 yuan/ton. The operating level of domestic phenol and ketone plants has remained basically stable. From the perspective of port supply, the East China cargo statistics show 21200 tons, with 3000 tons 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.
In terms of equipment: Pay attention to the progress of Jilin Petrochemical’s new phenol ketone unit in the later stage.
Business Society predicts that the phenol market will operate narrowly in the near future, with little fluctuation in supply and tight spot prices at ports, resulting in a slight decrease in demand.