The domestic phenol market is operating weakly, with Sinopec’s North China phenol quotation lowered by 100 yuan/ton and executed at 7500 yuan/ton, while Sinopec’s East China phenol quotation remained stable at 7500 yuan/ton. According to the market analysis system of Business Society, the negotiated price of phenol in East China has dropped from 7400 yuan/ton.

Market Trends of Phenol in Major Regions of China

The downward trend in the phenol market is mainly due to the lack of discussion atmosphere in the market. After stocking up for a period before the holiday, there was a lack of interest in the terminal market after the holiday, resulting in increased pressure on traders to hold goods and sell at a lower price. As a result, the market center of gravity fell and factories took advantage of the trend and lowered.

The quotation of phenol in various markets across the country on May 10th is as follows:

Region/ Quotation/ Daily fluctuations

East China region/ 7400./ -100

Shandong region/ 7400./ -100

Surrounding areas of Yanshan/. 7400./-100

South China region/ 8000/. -50

Upstream pure benzene has been discussed to increase slightly at 7050 yuan/ton, but cost support is limited. After the downstream bisphenol A holiday, the atmosphere was light, and the market experienced a narrow decline. The negotiations were between 9750 and 9850 yuan/ton, but it was difficult for phenol to have any positive effects in the short term. The market was weak and adjusted, and it is expected that the phenol market negotiation price will be between 7350 and 7450 yuan/ton today.