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[Industry Focus]：Three aspects support the price rise of phenol: the market of phenol raw materials is firm; The opening price of the factory is raised; The transportation of typhoon is limited.

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On the 14th, the market talks on

phenol prices

in East China pushed up to 10,400-10,450 yuan/ton, up 350-400 yuan/ton in a single day, while other mainstream phenol trading regions also followed the upward trend, up 250-300 yuan/ton. Manufacturers are optimistic about the market, Lihuayi, Sinopec and other factories opened in the morning price increase; phenol production raw material prices are firm; coupled with the typhoon, to a certain extent, affected the transportation, three aspects to promote the price of phenol in a single day, the double ground phenol market continued to run at a high level, or continue to explore the upward trend.

The

National Phenol Market Trend Chart and the Offers from Mainstream Regions and Major Factories are as follows:

National Major Regions Phenol Market Trend

September 14 National Mainstream Regions and Major Factories Price

Factory opening price increases

opened this morning Lihua Yiwei Yuan took the lead in raising the 200 to implement 10500 yuan/ton. Subsequently, Sinopec's East China phenol quotation was raised by 200 yuan/ton to 10400 yuan/ton, Sinopec's North China phenol quotation was raised by 10400-10500 yuan/ton 200, and then factories in Northeast and South China also adjusted one after another. The factories raised the billing price to help the market. The business order of holding goods followed the upward trend. Due to the continuous shortage of supply at present, most traders increased their offer on the billing price, accompanied by the upward price, the participation of intermediate traders increased, and the atmosphere of on-site negotiations was very good. It is reported that the supply of goods in Shandong is mainly for old customers, and the supply of goods is very tight.

Phenol raw material propylene, pure benzene market firm

costs, propylene market prices continue to rise. The transaction price in Shandong is 7400 yuan/ton and that in East China is 7250-7350 yuan/ton. Although the international crude oil and polypropylene futures prices are low, the propylene supply surface is controllable, the pressure on holders is small, and the quotation is willing to continue to rise. The supply of goods in East China is limited, and some areas are affected by typhoons. The price of automobile transportation has risen and the market activity is good. Most of the downstream factories purchase on demand, there are not many high-priced transactions, and the actual orders on the market are OK.

Shandong pure benzene market narrow range push up, the negotiation price in 7860-7950 yuan/ton, downstream normal follow-up, on-site negotiation atmosphere is better.

the

downstream, by the phenol ketone dual raw materials continued to strong push up the impact, downstream cost pressure narrow upward, bisphenol A market reported in 13500 yuan/ton, September also showed a phased push up trend.

Typhoon Attacks Logistics and Transportation Restrictions

Since September, the supply of phenol has been tight, and the operating rate of domestic phenol plants is less than 80%. Compared with the 95% long-term operating rate, the current operating rate of the industry is relatively low. Therefore, since September, the supply of phenol has continued to be tight and the market has continued to rise. today, the typhoon weather in east china affected the cargo ships and the time of arrival in hong kong, making it difficult to replenish imported supplies. Holders are reluctant to sell, the report has risen significantly, and the focus of discussion has also risen. However, downstream acceptance is bound to be limited and only actual orders need to be followed up in the market.

In the short term, the supply of phenol market is still tight. At this point, some holders are cautious about shipping, but whether the market can continue to rise is ultimately controlled by the demand side. The downstream of the 14-day rise has not yet been digested, but market inquiries are active and middleman participation has increased. It is expected that the phenol market will continue to operate at a high level on the 15th, or there may be a rising trend. The reference price of phenol market in East China is expected to be around 10500 yuan/ton.

Source: Business Society,

Huayi

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