Domestic phenol market firm to the upside

Classification:

[Summary Description] Domestic phenol market firm to the upside

The offer of phenol in each market in the country is as follows:

Region	Prices on November 20	Prices on November 13	Increase
East China Region	8100	7750	350
Shandong area	8150	7800	350
Areas around Yanshan	8100	7800	300
south china region	8350	8000	350

Reduced market supply. On November 13, Jiangyin phenol port inventory fell to 11000 tons, but there was no replenishment of imported goods within the week, the arrival of domestic trade ships was delayed, and the amount of imported resources was tight. In terms of domestic equipment, last week Sinopec Mitsui 400000 tons/year phenol ketone shutdown maintenance week, Guangxi Huayi, Changchun Chemical, and China Shipping Shell and other phenol ketone equipment is still in the shutdown state, Zhejiang Petrochemical Phase I phenol ketone equipment shutdown maintenance, phenol ketone equipment industry operating rate of less than 70%, the domestic supply decreased.

The cost surface is slightly supported. In terms of crude oil, Saudi Arabia may further postpone the additional production reduction until next year. International oil prices will continue to rise. In the new week, the pure benzene market in East China will open low and move high. The in stock negotiated price will be 7800-7900 yuan/ton. However, in view of the weak opening of downstream styrene and the lack of upward momentum for pure benzene, the market is mostly dominated by long-term transactions.

The downstream bisphenol A market fluctuated upward. In the new week, the auction price of a petrochemical company in East China rose. The distribution prices of qualified products and superior products were 9350 yuan/ton and 9500 yuan/ton. East China market negotiation price pushed up to 9600-9700 yuan/ton, the overall turnover needs to be improved, continue to pay attention to the changes in upstream raw materials.

After the market forecast: phenol cargo replenishment situation, the recent Changchun Chemical and Guangxi Huayi phenol ketone plant restart, supply pressure is OK, traders short-term confidence, but in the face of high-priced downstream resistance is obvious, the terminal factory continues to chase up the possibility of small, inhibit the market upward space.

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