In September, the phenol market rose first and then fell, with an overall upward trend of 2.71%. According to the monitoring data of the business agency, the average price of phenol in the country was 9225 yuan / ton on September 1, at yuan / ton on September 14, and at yuan / ton on September 30, with an increase of 2.71% and an amplitude of 7.32% in the month. So far, the offers in major mainstream markets are as follows: 9450-9500 yuan / ton in East China, 9400-9450 yuan / ton in Shandong and Yanshan, The offer in South China is 9600 yuan / ton.

Trend chart of average phenol price in the national market

Trend chart of phenol ex factory price index in East China in 2021

From the raw material side, the phenol Market in September was greatly affected by the raw material pure benzene. As can be seen from the figure below, the pure benzene also showed a trend of first rising and then falling in September. The arrival of some ships in the first ten days of the year was delayed, the port inventory was low, and the shipment of local refining enterprises was ok, so the price of pure benzene fluctuated and rose. At this time, it is reported that the large styrene plant is planned to be overhauled in October, the supply of styrene is expected to tighten, and the price rises sharply, driving the rise of pure benzene. In the second week of September, Sinopec raised the price of pure benzene three times, from 350 yuan / ton to 8000 yuan / ton. After mid month, affected by the “dual control” policy in the downstream, the shutdown of multiple units decreased, the downstream operating rate decreased significantly, and the shutdown of styrene, aniline and caprolactam in East China decreased the load of phenol. In the early stage, the reserve of pure benzene in the downstream was relatively sufficient, the resistance of the downstream to high priced pure benzene increased and the follow-up weakened. The demand for pure benzene decreased sharply, and pure benzene fell broadly. The cumulative reduction is 700-800 yuan / ton to 7650-7700 yuan / ton.

The downstream bisphenol a market declined significantly. In September, bisphenol A was sorted down in a wide range. Under the influence of policies, the downstream operating rate decreased significantly, and the demand for raw material bisphenol a decreased sharply. Most domestic factories of bisphenol A have supporting devices. After the replenishment of imported goods, the demand decreased and the price decreased significantly. On September 28, the market fell to 21700 yuan / ton. After the sharp decline, most of the cargo holders did not make external offers and had no intention of shipping before the festival. The market callback was negotiated at 22500 yuan / ton in the two days at the end of the month. Phenolic resin and other downstream products have little change, and the overall demand is stable.

From the perspective of the business community, the pre festival goods preparation in the phenol market has ended, and the industrial chain has declined under the influence of policies. The pre festival goods preparation mood this year is poor. The business community expects the phenol Market to fluctuate upward in October, and the resumption of terminal factories still needs attention. After the National Day holiday, the market may push up. At present, there is little pressure on the domestic supply side, and the holders have little intention to make profit and ship goods. On the demand side, the impact of post holiday policies will be the key to the recovery of downstream operating rate. Business society expects that the phenol Market in October is worth looking forward to