The domestic phenol market is experiencing a broad downward trend. According to data monitored by Business Society, the domestic phenol market price was 7732 yuan/ton on March 7th, and on March 14th, the domestic phenol market price fell to 7475 yuan/ton, a decrease of 3.33%.

The decline of raw material pure benzene has a negative impact. Under the continuous decline in pure benzene prices and the weak impact of cost, the pressure on factories and traders has increased. Although traders intended to stabilize prices at the beginning of the week, with the gradual recovery of Shanghai Xisa and Qingdao Haiwan phenol ketone plants, the supply pressure has increased. Traders reported a decline in trading prices, and factories concentrated on lowering their listing prices. The market continued to decline, and on Friday, the market improved slightly, with some markets experiencing a correction of 30-50 yuan/ton.

The demand is flat, downstream terminal factories have average purchasing sentiment when entering the market, and there is little intention to replenish goods. The main focus is on following up on urgent needs, and the participation of intermediate traders is limited. Currently, the profits of phenol ketone enterprises are still on the brink of loss, and the market decline is limited.

Sinopec Huadong phenol is listed at a price of 7600 yuan/ton. Sinopec North China phenol is listed at a price of 7600 yuan/ton. As of the 14th, the phenol offers in various mainstream markets across the country are as follows:

Region/ Quotation on the 14th/ Zhou’s ups and downs

East China region/ 7420./ -300

Shandong region/ 7400./ -300

Surrounding areas of Yanshan Mountain/ 7450./ -250

South China region/ 7650./ -200

From the perspective of Business Society, the phenol market is expected to experience narrow fluctuations next week, with raw material pure benzene prices at a low level or slightly rising, providing some cost support. The monthly average price of phenol is relatively high, and holders have limited willingness to offer discounts. However, demand enthusiasm is not high, and inventory intentions are not significant. The focus is on market demand, and it is expected that the potential for phenol to rise next week will be limited.