September 23rd News
This analysis is based on the latest spot average price data of phenol as of September 22, 2026. Using the mean difference method, it is determined that the current short-term trend of phenol is a weak rebound with a bearish bias, generally in a fluctuating pattern. The price over a 1-year period is at a medium-high level, with limited upside potential and some pressure for a pullback. Spot market participants can pay attention to changes in the operating rates and inventory replenishment rhythms of upstream and downstream sectors in China.
Data Explanation
The latest available phenol spot data in China is up to September 22, 2026. It is recommended to refer to real-time data.
Table of Finite Differences
| Difference Type | Value on September 22, 2026 | Value on September 21, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | -160 | -165 | + |
| 10-Day Difference (D10) | -75 | -65 | - |
| 20-Day Difference (D20) | 190.25 | 289 | - |
signal status determination
The current mean difference change combination is (+, -, -), which belongs to a weak rebound (bearish) signal.
Trend Direction Conclusion
The current phenol price trend is fluctuating. The reason for this judgment is that the changes in the three averages from the previous day are not completely consistent, which does not meet the criteria for a clear upward or downward trend. This is considered a weak rebound within a fluctuating range with a bearish bias.
Positional Space Reference
Phenol prices in China over a 1-year cycle are at a moderately high level (corresponding to the 4th tier out of 5, within the 60%-80% price range of the cycle), with relatively limited room for further increases and facing periodic pressure for a pullback.
Latest Market Dynamics
On September 22, 2026, Zhejiang Petrochemical reduced the phenol price by 200 CNY/ton, setting it at 9,200 CNY/ton for self-pickup from the Jiangyin warehouse. The combined 1.3 million tons/year phenol and acetone units of its Phase I and II are operating normally, with moderate inventory volume, mainly supplying contract customers.
On September 22, 2026, the ex-factory settlement price of phenol from Lihuayi Weiyuan Chemical was reduced by 100 CNY/ton, to 9,150 CNY/ton. The two sets of phenol and acetone units with a total annual capacity of 700,000 tons are operating normally and shipping according to plan.
1 year trend chart
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
