On the 12th, Sinopec lowered phenol by 200 RMB/ton in ,East China to 11,100 RMB/ton, and lowered phenol by 200-300 RMB/ton in North China to 11,000-11,200 RMB/ton.
Analysis review
The factory reduced the price of phenol in a centralized way, and the trading atmosphere in the market fell again. The shipment of the holders was not smooth, the market fell significantly, and the upside down price difference widened. On the whole, the negotiation of phenol price in East China market fell to 10,800-10,850 RMB/ton, and other regions also declined by different degrees.
Downstream bisphenol A also showed a downward trend, with the negotiated price falling below 15000 RMB/ton. The price of bisphenol A in major factories in North China was lowered to 14,500 RMB/ton. Other demand side did not improve significantly
Market outlook
It is expected that the price of phenol will remain weak on the 13th.
