In August, the domestic phenol market first restrained and then rose, and the rise and fall were followed by the end. The phenol market was quoted at 9225 yuan / ton at the end of the month and at the beginning of the month. According to the monitoring data of business agency, the average price of phenol in China was 9225 yuan / ton on August 1, 9225 yuan / ton on August 31, 8700 yuan / ton on August 9, and the phenol Market amplitude was 5.69%. By the end of the month, the offer in East China was 9200 yuan / ton, the offer in Shandong and Yanshan surrounding areas was 9150 yuan / ton, and the offer in South China was 9300 yuan / ton.
Trend chart of average phenol price in the national market
Trend chart of phenol commodity ex factory price index in East China in 2021
In terms of units, the start-up of domestic phenol ketone units was 90% in August, and the phenol ketone units of Yangzhou Shiyou and Sinopec third well were put into load operation. However, Zhejiang Petrochemical Unit had a shutdown maintenance plan in September, and the overall start-up is expected to decline next month.
In terms of raw materials, Sinopec’s pure benzene decreased significantly during the month, with a decrease of 600 yuan / ton, and there was little adjustment in propylene. Overall, the cost of phenol decreased, and the profit value of phenol ketone unit increased.
Downstream bisphenol A continues to operate at a high level, but most of bisphenol A are Petrochemical supporting devices, which has little impact on the phenol Market, other downstream changes such as phenolic resin have little, and the overall demand has declined.
From the perspective of business community, the import volume of the Middle East and Taiwan decreased in September, and the domestic factories had a shutdown and maintenance plan in September. It is expected that the overall supply side will decline. Under the condition that the demand side remains unchanged, the market is worth playing a role in September and is expected to increase. However, at present, the downstream demand is poor and the procurement just needs to be followed up. In the medium and long term, we should continue to pay attention to the changes of terminal demand, The business community expects the phenol Market range to be sorted and operated.
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