Phenol ketone products

Plastic rubber

Current Location： Home > News > Industry Focus > Phenol prices continue to fall, the rebound is difficult to have a good support

[Industry Focus]：Phenol prices continue to fall, the rebound is difficult to have a good support

Read： 392 Time：18months ago Source：

Since October, the national phenol prices have been falling unilaterally. As of November 14, the national average price of phenol was 9072 yuan/ton, which was 11387 yuan/ton compared with the average price of phenol on October 9, a cumulative decrease of about 2300 yuan/ton, or about 21%. The recent decline in the market, some areas to stop falling rebound, the overall market gradually bottomed out.
recently, the supply side is tight, supporting the small recovery of the domestic phenol market. Last Friday, Jiangyin port inventory fell to 20000 tons. Changchun chemical industry (Jiangsu) and Ningbo Taiwan phenol ketone plant are in the maintenance period. supply is conducive to more support. on the afternoon of the 11th, the low intention of phenol traders weakened. the discussion focused on the opening of the new week, especially the east China market report rose rapidly by 100 yuan/ton. the overall atmosphere was obvious. as downstream users gradually digested inventory and increased their intention to supplement, intermediate traders and downstream users increased their enthusiasm to supplement.

苯酚.png

industry chain related products appeared to stop the rebound trend, to promote the bottom of the phenol market. The upstream raw materials of Shandong pure benzene market were traded at 6900-7000 yuan/ton on the 14th, up 80-120 yuan/ton from the previous trading day. The main reason is that styrene exports are favorable, pure benzene overall rise, forward trading activities significantly increased.

纯苯.png

downstream BPA market bottomed out. The BPA market has been falling since the end of September and continues to fall. In November, the domestic BPA market continued to be weak, but the decline slowed. As the price gradually approaches the cost line and the market attention increases, some intermediate traders and downstream users gradually enter the market to inquire, and BPA holders gradually push up the report. On the 14th, the BPA market report was between 11900 and 12000 yuan/ton, up slightly by about 200 yuan/ton from the low point in recent two months, but the market demand is still not optimistic, and the rebound recovery still lacks positive support.

双酚A.png

according to statistics from

, the amount of phenol arriving in Hong Kong this week is still small, estimated to be about 10000 tons, down 50% from last week. The domestic trade supply is relatively sufficient. The recent supply support phenol report has increased slightly, but some areas have poor transportation and limited transportation. Although the upstream and downstream products of the industrial chain have stopped falling, it is difficult to have a good support for the rebound. It is expected that the growth of phenol in the later period will be limited, or the bottom impact will run, and the negotiation space in East China will be about 9050 yuan/ton.

Source: Business News

* Disclaimer: The content contained in the Internet, WeChat public number and other public channels, we maintain a neutral attitude to the views in the article. This article is for reference only, exchange. The copyright of the reproduced manuscript belongs to the original author and institution. If there is any infringement, please contact Hua Yi Tian Xia customer service to delete it.

Previous： Phenolic ketone industry chain in the future expansion of the continuation of the industry focus on supply and demand matching

Next： The price of polyether polyols fell first and then rose, and the market pressure intensified.

News Categories