September 21st, news:
This phenol market analysis is based on a professional analytical framework using the mean difference method, incorporating the latest spot quotes, mean difference indicators, and cyclical price positions as of September 20, 2026. Currently, the phenol price is in a volatile rebound phase (bearish), with limited upside at a mid-to-high level. It is recommended to monitor the trends of upstream raw materials such as benzene and propylene, as well as the demand changes in downstream sectors like bisphenol A and phenolic resins.
I. Table of Finite Differences
| Difference Type | Value on September 20, 2026 | Value on September 19, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | -70 | 25 | - |
| 10-Day Difference (D10) | -122.5 | -127.5 | + |
| 20-Day Difference (D20) | 384 | 441.5 | - |
II. Signal State Determination
When the three successive divided differences change in the sequence (-, +, -), it constitutes a pullback (bearish) signal.
III. Conclusions on Trend Directions
The current trend in phenol prices is fluctuating. The reason is that the changes in the 5-day, 10-day, and 20-day moving averages compared to the previous day are not entirely consistent, which meets the criteria for a fluctuating trend. Specifically, it is a bearish rebound.
IV. Positional Spatial Reference
Phenol 60-day, 3-month, and 1-year cycle prices are all in the 4th tier (moderately high), with limited room for increase.
V. 1-Year Trend Chart Display
Six, Latest Spot Market Dynamics in China
On September 20, 2026, China’s spot phenol prices showed mixed trends: Shandong Lihua Yiyuan Chemical Co., Ltd. set its ex‑factory settlement price at RMB 9,250 per ton, with its two integrated phenol–acetone units—totaling 700,000 tons per year—operating normally and shipping as scheduled; meanwhile, Shenghong Refining & Chemical reduced its contracted listing price for phenol by RMB 150 per ton to RMB 9,150 per ton, while its 650,000‑ton‑per‑year phenol–acetone facility remains in normal operation. The upstream phenol value chain encompasses commodities such as hydrogenated benzene, propylene, and pure benzene, while downstream applications span bisphenol A, phenolic resins, salicylic acid, nonylphenol, and numerous other sectors. Any shifts on either the supply or demand side will directly influence future price dynamics.
VII. Risk Disclosure
The above analysis is for reference only and does not constitute trading advice.
