Phenol prices rise sharply

On December 27th, the domestic petrochemical manufacturers continued to optimistic about the recent market and the cost surface continuously squeezed the profit space together, the overall sharp increase in the phenol ex-factory price, an increase of 550 to 600 yuan (t price, the same below). Because manufacturers are still limited, the market can be limited supply of goods, although the downstream market demand has not significantly improved, and due to the recent decline near the end, and the market supply shortages, businesses reluctant to sell the goods at low prices bullish, the market to discuss the price continued to climb. However, the downstream manufacturers have a clear feeling of resistance to rising phenol prices. The high-end prices are lacking in interest, and are scattered at domestic low-end prices. The actual transaction volume has not been exceeded, and the phenol market demand is still weak.

East China market performance stalemate, merchants firm offer at 10,000 to 10,100 yuan, brokers and more low-cost reluctant sellers, downstream purchases cautious, effective transactions less; North China Yanshan surrounding markets talks stalemate, the market circulation spot is still tight, some businesses reluctant to sell The price of the reference price was between RMB 9900 and RMB 10,000. There were sporadic prices of more than RMB 10,000. Downstream buying was positive, but the actual transaction was limited. The Henan market in Central China continued to push up and the market negotiation price rose to RMB 10,100 to RMB 10,200.

As the petrochemical manufacturers substantially raised the ex-factory price, the possibility that the merchants continued to push up the market price was higher, and the domestic phenol market was very likely to continue to rise in the short term, but from the perspective of the downstream market demand, the overall construction of downstream manufacturers was low. And there is a possibility of further decline. With the approach of the end of the year, businesses are affected by the withdrawal of funds, and the positive shipping situation is difficult to change. It is expected that after the petrochemical manufacturers increase the ex-factory prices in the domestic phenol market, the merchants should immediately push up the market prices. However, due to the downstream downturn, the market will continue to depend on the market for a long period of time. The fundamentals are overall.