August 12th, News
Today, the phenol market in China continues to show an adjustment trend. Several major manufacturers have previously collectively lowered their factory prices. The average difference indicator shows a fluctuating and bearish signal. The price positions at different periods provide a reference for the subsequent room for increases or decreases. It is necessary to continuously monitor the dynamics of the upstream and downstream industries and the facilities.
I. Table of Mean Difference Changes
Difference Type Today's Value (2026-08-11) Yesterday's Value (2026-08-10) Direction of Change
5-day average difference (D5) -7.50 -64.50 +
10-day average difference (D10) -131.25 -77.75 -
20-day average difference (D20) 124.00 140.50 -
II. Signal Status Determination
The current combination of mean difference change directions is (+, -, -), which constitutes a weak rebound (bearish) signal.
III. Conclusion on Trend Direction
The price trend is oscillating (with a bearish bias). Reason: The directions of the three average differences are not entirely consistent, which fits the criteria for oscillation. Combined with the fact that on August 10, multiple companies in China, including Sinopec North China, Sino-Saudi Petrochemicals Tianjin, and Lihuayi Weiyuan, reduced their phenol factory prices by 150-200 CNY/ton, the market price continues to adjust, showing an overall weak rebound and oscillating characteristics.
IV. Positional Spatial Reference
60-day and 3-month cycle prices are at a mid-high level, with limited room for increase; 1-year cycle prices are at a mid-level, with relatively balanced space for fluctuation and adjustment.
Five, Trend Chart Display
VI. Industry News Supplement
The plants in operation are: Sino-Saudi Tianjin Petrochemical's 350,000 tons/year phenol and acetone plant, Lihuayi Weiyuan's two sets of phenol and acetone plants with a total capacity of 700,000 tons/year, and Shandong Fuyu Petrochemical's 250,000 tons/year phenol and acetone plant. All these plants in China are operating normally, with manufacturers shipping according to plan and inventory at a reasonable level.
Supply chain associations: Phenol is upstream related to hydrogenated benzene, propylene, and pure benzene; downstream it covers multiple categories including bisphenol A and phenolic resins. Changes in supply and demand upstream and downstream may affect future market trends.
VII. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
