SunSirs: The Domestic Phenol Market Rose Broadly after the Spring Festival

https://www.chemnet.com   Jan 30,2023 SunSirs

　　After the festival, the phenol market rose broadly. The negotiated price in East China rose 300 RMB/ton in one day, and the negotiated range was about 7,950 RMB/ton. With the help of the factory's centralized price adjustment, the traders were highly motivated to promote the price increase, the focus of the negotiation continued to rise, and the downstream high price replenishment was cautious.

　　Analysis review

　　Factories concentrated on price adjustment, helping the market to rise. The listing price of Sinopec East China Phenol was increased by 100 RMB/ton at the opening of the market on the 28th, and increased by 300 RMB/ton again on the 29th, implementing 7,900 RMB/ton. On the 30th, the ex-factory price of Lihua Yiwei Chemical Phenol products was 8,000 RMB/ton. The increase in factory prices was obviously good for the market, and the quotations of major mainstream markets had been raised one after another.

　　Downstream bisphenol A continued to rise. After the festival, the bisphenol A market ended the long-term stalemate before the festival. A factory in East China took the lead in adjusting the offer to 10,100 RMB/ton, which significantly stimulated the market. The offer price in mainstream markets such as East China, North China and Huangshan region reached 10,000 RMB/ton. The breaking and rising of bisphenol A mainly came from the support of the cost and supply side. The downstream epoxy resin and PC side were stable as a whole. However, under the positive upward state of the upstream of the industrial chain, the downstream might have an increase expectation, and when the downstream is pulled, it will also affect the raw material market. The recovery of the phenolic ketone industrial chain is the main trend after the festival. The later rise depends on the demand side.

　　The market recovered, the participation of intermediate traders increased, and the market activity was high. With the help of the factory, the carrier actively pushed the market up, the market warmed up, and the inquiry of the next end customer increased, making the participation of the intermediate traders more active. There were many bullish traders to store inventory, helping the market up.

　　Market outlook

　　From the perspective of SunSirs, at present, terminal enterprises are more cautious in purchasing in the market, and the inquiries and delivery orders of just rigid downstream are also relatively low, while intermediate traders are also more wait-and-see market, and they are more cautious in taking goods in the market, and need to be improved in terms of the actual orders in the market. However, from the perspective of the profit of the phenolic ketone product enterprises, despite the overall increase of the factory, it is still in a loss state in theory. Based on the above, it is expected that the phenol market will operate steadily in the short term, and focus on demand procurement in the later stage. The reference price in East China is 8,000 RMB/ton.

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