The domestic phenol market fluctuated in November. According to the analysis system of Business Society, the domestic market was quoted at 8150 yuan/ton on November 1st, and on November 30th, the market was quoted at 8157 yuan/ton, a decrease of 0.09%.

The quotations for phenol in various markets nationwide are as follows:

Region/ Price on November 1st/ Price on November 30th/ Rise and fall range

East China region/ 7900./7950./50

Shandong region/ 8200./8100./-100

The surrounding areas of Yanshan/ 8200./8100./-100

South China region/ 8250./8250./0

At the beginning of the month, the phenol market was significantly affected by the drop in raw material pure benzene prices, and the focus of negotiations fell below 8000 yuan/ton. Subsequently, domestic trade sources arrived in Hong Kong to supplement, and the market continued to be sluggish in the first half of the month under supply pressure.

In the middle of the month, port inventories have declined and imported goods have not been replenished. Traders have a positive attitude towards pushing up prices. As the market continues to rise, mainstream factories across the country have raised their listing prices, and the market has been significantly boosted by downstream large players bidding. As market prices rise, downstream demand has followed suit, and phenolic ketone enterprises have continuously reported parking plans. The tight situation of goods has become prominent, and the market’s focus has remained strong at a high level.

Fundamentals: In November, there was intensive equipment maintenance, involving a total of 10 units with a production capacity of 2.8 million tons per year. The production has significantly declined.

In terms of downstream demand, rigid demand is the main focus. The tightening of supply and fluctuations in cost are the main reasons affecting this wave of phenol market. The downstream bisphenol A market has slightly increased, with mainstream negotiated prices in East China ranging from 10050 to 10100 yuan/ton.

From the perspective of Business Society, multiple sets of phenolic ketone units were still under maintenance in December, with little supply pressure, which was beneficial to the market. However, the terminal faced cost pressure or small orders, and downstream enterprises suffered losses in profits. It is expected to remain strong and stable in December, but there are also downward risks, with a focus on the production of new devices.