Phenol Price Increases Terminal Demand Weak

Recently, the domestic phenol market has a stable atmosphere. Although the price of crude oil continues to decline, the supply of goods is tight because of the influence of planned maintenance by Yanshan, Lanxing and Zhongsha (Tianjin). On August 24th, North China manufacturers shipped in limited quantities, and there were few market resources. There were not many bidders who actively quoted goods, and they heard that there was a price increase of RMB 1,000/ton in the surrounding Yanshan market; the East China market heard only 16,000 tons due to the import sources. Most of the merchants in the first round had a wait-and-see view, or the quotation was firm; the South China region was affected by Sinopec Huanan Company's upward adjustment. The market price was 14800 to 15,000 yuan/ton, and the overall market sentiment was relatively positive.

However, at present, some downstream phenolic resins, bamboo glue, etc., have a limited start-up load, and the overall downstream procurement is not active. The market is mostly hype by middlemen. In the near future, Jilin Petrochemical, in particular, has pulled up sharply, and there are negative attitudes in the downstream.