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[Industry Focus]：In December, the phenol market fell more or less, and the industry's profitability was worrying. The phenol market forecast for January

Read： 914 Time：10months ago Source：卓创化工

1. Phenol Industry Chain Prices Fall More and Rise Less

in December, phenol the prices of its upstream and downstream products generally show a trend of falling more and rising less. There are two main reasons:

1. Insufficient cost support: The price of pure benzene in the upstream fell sharply. Although there was a bottoming rebound during the month, the price increase was slightly hesitant due to the accumulation of inventory in the main port. This makes the cost of the downstream support effect is limited.

2. Supply and demand imbalance: The overall performance of downstream demand was flat, especially the release of new production capacity in some industries, resulting in an imbalance between supply and demand and lower product prices.

Overall profitability of the 2. industry

1. Overall profitability is dismal in December, the profits of phenol and upstream and downstream industrial chains rose and fell, and the overall profit situation was relatively bleak.

2. Phenolic ketone industry profit improvement: Due to the phenolic ketone device month maintenance more, supply contraction to give enterprises a certain positive support. At the same time, the decline in the average price of pure benzene upstream eased the cost pressure.

3. Epoxy resin industry biggest loss: Bisphenol A in stock supply is tight, the market price is narrow and higher, but the off-season demand and cost pressure have led to poor profitability in the epoxy resin industry.

3. Phenol Industry Chain January Market Forecast

it is expected that in January, the market trend of phenol industry chain will show a mixed trend:

1. Strong operation of upstream pure benzene: East China's main port inventory is expected to top down, while downstream demand is good, which provides some support for pure benzene prices.

2. Downstream industry pressure does not decrease: Although some industries such as styrene and phenol ketone overhaul return will bring demand improvement, but the downstream industry supply and demand pressure still exists, the continued release of new capacity may further depress prices.

3. The overall downside of the market is limited.: The favorable transmission effect on the cost side may limit the overall downside of the market.

To sum up, the phenol industry chain faced the dual pressure of cost and supply and demand in December, and the overall profitability was poor. The market in January is expected to show a mixed trend, but the overall downward space may be limited.

Source: Zhuochuang Chemical

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