When the East China market opened in the morning on the 4th, 5300-5350 yuan / ton became the mainstream market, and it was heard that lower prices were still traded in the market (for reference only). The 5300 yuan / ton phenol market basically reached the downstream acceptable purchase price, followed by downstream factories asking for orders and interested in purchasing, and the enthusiasm of intermediate traders was also rising. In the afternoon, with the follow-up of downstream demand, the market was in a state of high enthusiasm With the increase of 50-150 yuan / ton, the afternoon offer has risen to 5400 yuan / ton. The low offer price in the morning does not exist. Although the enthusiasm of industry participation has not been fully released, the trading volume has improved. As of the end of the 4th, the mainstream offer of petrochemical plants in China was 5550 yuan / ton. Among them, the offer in East China market is 5350-5400 yuan / ton, that in Shandong and surrounding areas of Yanshan is 5500-5550 yuan / ton, and that in South China is 5430-5480 yuan / ton.

Trend chart of phenol average price in national market

Trend chart of phenol commodity index in East China (factory offer)

From the upstream point of view, the price of raw material pure benzene rose sharply, which was mainly affected by the strong crude oil futures. Under the influence of the sharp rise of styrene price in the downstream of pure benzene, the pure benzene opened at a high level, and the Sinopec factory added 150 yuan / ton. It is understood that the mainstream negotiation in Shandong area was 3400-3450 yuan / ton, and the raw material propylene also showed a strong trend. On November 4, the propylene market in Shandong Province rose significantly, and propylene on November 1 Since November, there has been a correction in the price. Since November, the price has risen by 150-200 yuan / ton. At present, the market turnover is between 6700-7150 yuan / ton, and the mainstream price is about 6850 yuan / ton. At present, the shipment situation of the manufacturer is better than that in the earlier stage. And propylene experienced a sharp decline in the last month, the short-term propene gradually warming to become the main tone.

From the downstream demand side, the bisphenol a market entered November with a broad upward trend. The mainstream offers of factories were at 13500 yuan / ton, and the mainstream negotiations in East China and North China were also around 13300 yuan / ton. At present, the supply of goods in the market is limited, there is no pressure on the inventory, and the attitude of the shippers is positive. Although it is difficult to digest the downstream market after the price rise, the transaction price of some rigid demand markets is obviously high, and the market low price is hard to find.

From the perspective of business agencies, the resistance of shippers has weakened, and the low-end price of offer does not exist. The focus is obviously on the upward trend. Although some upstream and downstream products show a positive trend, the operation of the operators is still very cautious. The business association predicts that the performance of the phenol market in Jinjiu yinshixia is not good. Throughout the whole year, it is also fluctuating in the deadlock, which has been offset again after November It is still necessary to actively observe the market situation, and it is estimated that the overall negotiation space is 5400-5450 yuan / ton.