Phenol prices rise flat

On January 16th, domestic phenol companies rallied and the market offer continued to climb. Low-cost sources were difficult to find, but the market performance was relatively flat.

The East China Markets offer continued to firm, with a small amount of market reference consultations ranging from RMB 11600 to RMB 11,700 (t price, the same below), with some buying intentions being low. Holders maintain core customers and downstream factories fill in as needed. The South China market in Guangdong was deserted. The holders of the stocks escorted the market and their intentions were not high. The offer price was between 11,600 and 11,700 yuan. The overall supply and demand performance was relatively calm. The market in the surrounding Yanshan, North China, market is still fair, the market reference negotiations in 11550 ~ 11650 yuan, some slightly higher offer also heard, dealers follow the market sales. The low-priced supply in Central China's Henan market was low, with a small number of market offers in excess of 11,900 yuan. The distributors were not willing to take low-priced goods, and the downstream factories were cautious in buying.

In the afternoon, despite the petrochemical companies' price adjustments, the seller’s offer has pushed up, but the buyer’s intention to recover is weak, and the market’s actual talks are dull. At present, under the support of external disks and raw materials, market players are still in a state of mind, and some bullish expectations remain. However, as phenol prices continue to rise, downstream cost pressures are greater, and purchases tend to be cautious. In addition, the port has some profit-making vehicles, and the outlook for phenol is expected. Increased upward resistance, focusing on demand and follow-up support.