The domestic phenol market continues to be weak, mainly due to the sluggish demand and difficult to change atmosphere. According to monitoring data from Business Society, the market offer on May 17th was 7850 yuan/ton, and on May 22nd it was 7725 yuan/ton, a decrease of 1.59%.

The factories have lowered their listing prices, with Sinopec East China Phenol executing 7700 yuan/ton and Sinopec North China Phenol Factory executing 7650-7700 yuan/ton. The price of Lihua Yiwei Yuanphenol has been executed at 7700 yuan/ton, and factories have lowered their listing prices. The market’s wait-and-see atmosphere has increased, and there is a clear sentiment of buying up but not falling at the end, resulting in insufficient trading on the market.

On May 22nd, the quotations for phenol in various markets nationwide are as follows:

Region/ Quotation/ Daily fluctuations

East China region/ 7630./ 0

Shandong region/ 7700./ -100

The surrounding areas of Yanshan/ 7700./ -100

South China region/ 7820./ -80

From the perspective of Business Society, the price of raw material pure benzene has fallen, with a transaction price in East China at 9000 yuan/ton, a slight drop of 80 yuan/ton in a single day. Crude oil has fallen within the day, and the market for styrene has loosened, indicating a significant change in industry sentiment. Downstream bisphenol A has slightly increased, with a reference price in East China ranging from 9700 to 9800 yuan/ton. However, the industry operating rate has not changed much, and the demand for raw materials is stable. It is expected that the phenol market will operate weakly, and attention will continue to be paid to the supply and demand fundamentals.