On the first working day after the holiday, the domestic phenol market generally declined. According to data monitored by Shengyi Society, in the East China region, for example, the price of phenol was quoted at 6450 yuan/ton, a decrease of 100 yuan/ton from before the holiday.
The raw material pure benzene has dropped significantly, with a bearish impact on the cost side. Terminal factories are mainly observing, with limited participation and a weak market trading atmosphere.
The domestic phenol ketone production rate is 75%, and the Sinopec Mitsui phenol ketone plant is operating at a reduced capacity after the holiday. Other factors are relatively stable. In the short term, both the cost and demand sides have performed poorly. It is expected that the phenol market will continue to be weak after the holiday, and there is a large upside down space in the market. This week, we will pay attention to the factory price adjustment situation.
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