Multiple Benefits Promote Rapid Growth of Phenol Market

Price Trend

The phenol Market in China rose rapidly in September. In just a few working days, the factory in East China rose 4% and the market rose 4.4%. According to the monitoring data of business associations, the market offer in East China was 7600 yuan/ton on the 2nd day (7550 yuan/ton listed by East China Petrochemical Company). Up to now, the market offer in East China has risen to 8000 yuan/ton.( East China Petrochemical is listed at 7800 yuan/ton.

 

II. Analytical Review

Products: Domestic phenol market boomed rapidly in September, with an increase of 50 yuan/ton to 7550 yuan/ton in East China, followed by a further increase of 150 yuan/ton to 7800 yuan/ton last weekend. During the same period, Lihuayi in North China and Shandong implemented 7900 yuan/ton. However, the market continued to be optimistic and TRADERS’mentality was positive. Up to now, all the markets have quoted as follows. Next: The mainstream reference offer in East China is 8000 yuan/ton, Yanshan is 8100 yuan/ton, Shandong is 7950 yuan/ton, Henan is 8200 yuan/ton, and South China is 8100 yuan/ton.

sulphamic acid

 

Industry Chain: Pure Benzene: Pure Benzene Inventory in East China has fallen again, and the supply of market resources is on the tight side, forming a favorable support for the price of pure benzene. According to the data from the business associations’list, the price of pure benzene in China increased by 100-250 yuan/ton last week. The highest price of pure benzene appeared on Friday (September 6). The price ranged from 5300 to 5550 yuan/ton, up 3.05% from last week.

 

Propylene: The price of propylene enterprises in Shandong increased by 50-100 yuan/ton on September 1, 2, and only a few enterprises increased on March 5. At present, the market turnover is about 7650-7750 yuan/ton, and the mainstream price is about 7650 yuan/ton. Propylene stocks in Shandong are still low and supply is tight. Recently, domestic propylene (Shandong) market prices continued to rise.

Sulfamic acid 99.50%

 

Supply and demand: Last week, phenol and ketone enterprises started construction stably at 80%, the start-up rate of Bluestar Harbin 150,000 tons/year phenol and ketone plant has increased, and Shanghai Xisa Chemical Industry 400,000 tons/year plant resumed production at the beginning of the month. The total port stock is 354 million tons, which is relatively high. The downstream domestic BPA is relatively stable, with the addition of new profitable Huayi devices; phenolic resin and other downstream multi-order purchases increase the search, but relatively resist the high price of hoarding less.

3. Future Market Forecast

On the other hand, the import cost is relatively high, the intention of low-price delivery is not strong, and traders are reluctant to sell. On the negative side, the port’s inventory is relatively high, and the downstream factories are stable as a whole, the demand has not increased significantly, and the factories are relatively resistant to high prices. Business associations expect the domestic phenol Market to continue its high level this week. It is difficult to ascertain the upward space. They expect an offer of 8000-8150 yuan per ton in East China.

Sulfamic acid