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Inquire NowRead: 682 Time:17months ago Source:
, the domestic phenol price basically showed a unilateral downward trend, supply and demand pressure gradually escalated, superimposed cost support is insufficient, sales mentality is not good, gradually follow the low commodity, downstream purchase to maintain rigid demand, centralized warehouse demand is less.
Last week, the domestic phenol market fell sharply, mainly a unilateral downward trend. Within a week, due to the successful production of qualified products by Wanhua Chemical Bisphenol A Integration Project, some phenol has been sold, the production capacity of new equipment has been released, the downstream factories are cautious and less concentrated, only need to follow up, the upstream pure benzene price is weak, the cost lacks support, the market price continues to fall, the quotation of mainstream production enterprises falls, further inhibiting the market trading atmosphere, the market has no obvious stop signal, and the trading volume is difficult.
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as of last Thursday, the phenol market in East China closed at 8400-8500 yuan/ton, down 350 yuan/ton from November 17, or 3.98 percent; this week's average price was 8610 yuan/ton, down 310 yuan/ton from last week's average price, or 3.48 percent.
East China: East China phenol market volatility is weak, the market lacks positive support, the operator mentality is weak. At present, the shipping intention is 8350-8400 yuan/ton, the downstream purchase interest is mediocre, sporadic only need to return the price, firm trading warm.
: South China Guangzhou phenol market volatility is weak, downstream purchase intention is insufficient, with the need to maintain procurement, inquiry price reduction, traders take pressure, the mainstream reference range of 8350-8450 yuan/ton.
Central China: Central China phenol market volatility is weak, demand follow-up is slow, downstream factories digest more inventory, traders follow the market, goods flat. The mainstream reference negotiation is 8600-8700 yuan/ton.
supply side: in November, the news that three sets of new phenol ketone plants were put into production in China continued to ferment. Wanhua Chemical's 650000-ton/year phenol ketone plant was fed ten days ago and produced qualified products in the middle of this month. At present, some products have been exported. According to market information, Jiangsu Ruiheng's 650000-ton/year phenol and ketone plant has been put into production and is expected to be produced early next month. Jiangsu Shenghong's 650000-ton/year phenol and ketone plant is planned to be put into trial operation in December. The total phenol capacity of the three sets of phenol ketone units reached 1.2 million tons. If all three units are put into operation before the end of the year, the domestic phenol production capacity will reach 5.005 million tons, accounting for 24% of the country's total production capacity. Later market supply may increase.
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demand side: last week, the current terminal purchase just need, although the phenol market control stable mood, but the lack of good news, demand is still the key, if the demand side of the change is not big, the market to promote pressure, stable attention to negotiations to follow up, may have a low price impact.
expect domestic phenol prices to remain weak this week. Market fundamentals are not very volatile. In the weak market trend, there have been many upside down situation. Terminal enterprises to enter the market to buy sentiment is not high. They only need to query, and retain the low-end delivery intent. It is expected that the short-term market will still fall, and the new annual low will be broken.
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