On April 10, Sinopec’s East China plant concentrated on a 200 yuan / ton cut to implement 7450 yuan / ton, Sinopec’s North China phenol offer cut by 100 yuan / ton to implement 7450 yuan / ton, the major mainstream market continued to fall. According to the market analysis system of the Commercial Society, the negotiated price of phenol in East China dropped from RMB 7,550/mt (April 7) to RMB 7,400/mt (April 11), and the national average price dropped from RMB 7,712/mt (April 7) to RMB 1,545/mt (April 11).

Factory focused downward adjustment in the market inversion situation. This week, two consecutive days of phenol weak downward, the market inversion, the factory under pressure to focus on the listing price cut, while the holder is also cautiously small test downside, mostly to the actual single negotiation.

Upstream and downstream weakness, lack of good. Since last Friday, the pure benzene market is weak, and the spot trading price in East China is 7450 yuan/ton. Under the pressure of downstream cost, the purchase intention price is low, and under the pressure of traders’ shipment, they try to take profit and ship out. Although the downstream bisphenol A market price rose slightly, but under the cost pressure, the industry operating rate decreased, the demand for raw materials decreased, and the downstream end-users still mainly consumed inventory or a small amount of replenishment, and the transaction was difficult to be released.

Phenolic ketone plants’ profit is still at the loss line. April entered the maintenance season. Although there are many maintenance plans for phenol ketone plants, the benefits are limited. Phenol market remains weak in the short term. The price in East China is expected to be discussed between 7350-7450 yuan/ton.