September 22nd report:
On September 21, 2026, the Chinese phenol spot market was in a fluctuating pattern. The average difference signal indicated a bearish rebound trend, with prices at a high level within a one-year cycle. There was no clear unilateral upward or downward driver in the short term, and it was likely to maintain a range-bound fluctuation. Attention should be paid to the changes in the price of upstream pure benzene and the procurement demand in downstream areas such as bisphenol A and phenolic resins.
Phenol Market Price Trend Analysis Daily Report
The latest available phenol market data in China is up to September 21, 2026. It is recommended to refer to real-time data.
1. Mean Difference Change Table
| Mean Difference Indicator | Today’s Value (2026.09.21) | Yesterday’s Value (2026.09.20) | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | -165 | -70 | - |
| 10-Day Mean Difference (D10) | -65 | -122.5 | + |
| 20-Day Mean Difference (D20) | 289 | 384 | - |
2. Signal Status Judgment
The current signal is a rebound (with a bearish bias) within a consolidation range.
3. Trend Direction Conclusion
The current price trend is oscillating, reason: the changes in the 5-day, 10-day, and 20-day moving average differences from the previous day are not entirely consistent, with the symbol combination being (－, ＋, －), which aligns with the characteristics of a rebound (slightly bearish) oscillation, and there is no clear unilateral upward or downward trend.
4. Position Space Reference
Over the 60-day period, phenol prices are at the median level (tier 3), with relatively balanced upside and downside potential.
Prices for the 3-month and 1-year cycles are at mid-to-high levels (Tier 4), with limited room for further upside; even if a temporary pullback occurs, there remains some cost support.
5. Trend chart display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
