In recent days, phenol is still operating in the doldrums. The manufacturer's price has remained stable. The sales of each plant have not improved. The inventory pressure remains heavy. Yankee Petrochemical's 160,000 tons/year phenolic ketone plant has completed partial equipment replacement and resumed driving.
Last week, the East China market was still operating in a weak market. The mainstream price of the market was around RMB 9,100 (t price, the same below). The market was bidding for sales, the shipment was slow, and the transaction climate was poor. The mainstream shipping price in the Fujian market is between RMB 9200 and RMB 9300. The downstream demand is scarce; the mainstream price of phenol in the surrounding area of ​​Yanshan, North China, is between RMB 9050 and RMB 9,100. The market is rarely consulted and traders are cautious.
From the current market demand, the raw material benzene fell to 8,000 yuan, the manufacturers shipped difficult, inventory pressure is heavy, imports of phenol in succession to Hong Kong, the downstream demand has not yet seen recovery. It is expected that the market for phenol will continue to weaken.
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