The domestic phenol market continues to decline, and according to the market analysis system of Business Society, the negotiated price of phenol in East China has dropped to 7200 yuan/ton.

Market Trends of Phenol in Major Regions of China

The factory has centrally lowered prices, with Sinopec North China lowering prices by 200 to execute 7300 yuan/ton, and Sinopec East China lowering prices by 100 to execute 7300 yuan/ton. Lihua Yiwei Yuan lowered the price by 200 yuan to execute 7300 yuan/ton.

The quotation of phenol in various markets across the country on May 19th is as follows:

Region/ Quotation/ Weekly ups and downs

East China region/ 7180-7200./ -200

Shandong region/ 7300./ -100

The surrounding area of Yanshan/ 7300./ -100

South China region/ 7650./ -300

The supply side is loose, and the fluctuation in port inventory at the beginning of the week was not significant, lasting at 28000 tons. In addition, due to the impact of some domestic goods being urged to pick up goods in the middle of the week, traders actively shipped out at a discount.

The demand side has not changed much, and the small orders at the end just need to participate, and due to the factory’s downward adjustment, downstream procurement enthusiasm has decreased.

Next Wednesday, there will be a parking plan for the package, and a reduction in supply will be beneficial and stimulating for the market. However, the progress of downstream procurement is also crucial. The business community is expected to push up next week, but the increase is limited, with a focus on terminal demand.