In August 2025, the import volume of phenol in China was 7800 tons, a month on month decrease of 50.32% and a year-on-year decrease of 62.32%. In August 2025, the export volume of phenol in China was 1400 tons, a decrease of 86.79% month on month and 78.46% year-on-year.
The main reason for the fluctuation in imports and exports is that there is no supplement to the ocean going contracts in August, and the supplement is mainly for near ocean goods contracts, with a monthly import volume of less than 10000 tons; The demand gap for overseas phenol has narrowed within the month, and China’s phenol export operations have decreased.
According to customs data statistics, the total import volume of phenol in China from January to August 2025 was 175400 tons, an increase of 23.26% compared to the same period in 2024; The total export volume was 40900 tons, a year-on-year decrease of 24.68%.
The import increment is mainly affected by the supply of Saudi Arabian contracts. The maintenance period in 2025 is in the second quarter, during which inventory and loading cycles are considered. The contracts for June and July will gradually decrease, and there will be no cargo supply in August; In 2024, maintenance will be concentrated in the first quarter, coupled with the transfer of goods to international markets, resulting in a significant reduction in phenol contracts in China. The reduction in exports is mainly due to the reduction of economic loss pressure for phenol ketone enterprises in 2025, and is also related to the domestic supply and price of phenol.
In the short term, the expected increase in exports is not significant. In September, domestic phenol spot prices were tight in many places, and inventory at Jiangyin port fluctuated below 10000 tons. Moreover, domestic prices were relatively high, and the advantage in export negotiations is not significant. It is estimated that there will not be outstanding performance in the month on month increase in September.
In the long run, it is expected that the ocean going contracts will resume normal operation in the fourth quarter, and the import volume will increase compared to the third quarter. However, considering the changes in the international supply situation, it is unlikely to reach the high level of the first and second quarters, and the annual data is still changing.
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