At the beginning of the month, the domestic phenol market remained stable with small fluctuations. According to data monitored by Shengyi Society, from the perspective of the East China market, the domestic phenol market price was 6643 yuan/ton on August 1st, and 6603 yuan/ton on August 8th, a decrease of 40 yuan/ton or 0.6%. From the perspective of the national market, all major mainstream markets have experienced a slight decline to the same extent.

This week, the domestic phenol market remained stable with slight fluctuations, and the atmosphere was slightly weak. As of August 8th, the reference price in the East China market was between 6590-6620 yuan/ton. From the cost perspective of the week, the price trend of raw material pure benzene is relatively strong. Although there is support on the cost side, the intention of terminal procurement is weak, and there is a lot of pressure on traders to ship. However, considering the delay of domestic shipping due to the impact of the typhoon, traders have limited room to make concessions. Therefore, the domestic phenol market has shown a situation of large stability and small movements this week, and the trading atmosphere is light.
In terms of equipment, Shanghai Xisa has restarted, Dalian Hengli has increased its load, and Zhenhai Refining and Chemical has increased its supply.
As of August 8th, the phenol offers in mainstream markets across the country are as follows:
Region. Quotation on August 8th /Rise and fall from August 1st to 8th
East China region / 6610./ -30
Shandong region./6700./0
Surrounding areas of Yanshan Mountain / 6700./ -30
South China region/6650./0
Business Society expects that in terms of cost, the short-term expectation for pure benzene will be strong, and the cost will be supported. From a demand perspective, downstream demand for bisphenol A is expected to increase, while overall there is little fluctuation. From a supply perspective, the expected supply volume is expected to increase slightly. It is expected that phenol will experience slight fluctuations next week, with overall supply and demand remaining relatively stable. The phenol market price is expected to remain stable with small fluctuations.