The domestic phenol market has continued to rise, with major mainstream markets increasing by around 150-250 yuan/ton during the week. Factories have also actively increased their prices, with Yangzhou Shiyou, Blue Star Harbin, Lihua Yiwei Yuan, and Longjiang Chemical raising their quotes.

According to data monitored by Shengyi Society, the domestic phenol market price was 7845 yuan/ton on January 14th, with a 2.89% increase this week.

At present, the high cost and average price of phenol, coupled with tight spot supply, support market growth. Terminal enterprises are slightly cautious in procurement, but there has been a significant increase in on-site inquiries. Some enterprises are also actively preparing for pre holiday stocking. This week, the main demand is still for essential goods, and there may be inventory demand from terminal factories in the second half of the month, with trading volume to be released. As of the 14th, the phenol offers in various mainstream markets across the country are as follows:

Region/ Quotation on the 14th/ Zhou’s ups and downs

East China region/ 7780./ 250

Shandong region/ 7800./ 200

Surrounding areas of Yanshan Mountain/ 7800./ 200

South China region/ 7900./ 250

From the perspective of cost, average price, and supply and demand fundamentals, phenol prices are cautious. Next week, we need to focus on the demand situation and pay attention to the market’s actual order negotiations.