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Home > News > Paint & Coating News > The Factory has Been Raised, and the Phenol Market has Continued to Rise.

The Factory has Been Raised, and the Phenol Market has Continued to Rise.

ECHEMI 2022-07-21

1. At the opening in the morning, Lihua Yiweiyuan raised the listing price, and phenol was raised by 300 yuan and executed by 9,000 CNY/ton. Factories continued to control their shipments, and local traders followed suit.

2. Subsequently, Huizhou Zhongxin’s 300,000 tons/year phenol ketone plant was shut down for maintenance on July 20. The restart time is still uncertain, and the platform will continue to pay attention to the trend.

3. In the afternoon, Sinopec East China, Gaoqiao Petrochemical's phenol increased by 300 yuan and executed 8900 CNY/ton. Sinopec Mitsui raised 300 to 8900 CNY/ton. Zhejiang Petrochemical's phenol was raised by 200 to 9,000 CNY/ton, and the second phase of Zhejiang Petrochemical's 650,000 tons/year has not been restarted after yesterday's breakdown, and the time is to be determined.

Although the price adjustment of other factories has not yet been released, the market situation has fully shown that the market continues to rise today. Up to now, the price in the East China market has pushed up to 9,300 CNY/ton, but it is understood that downstream enterprises have increased inquiries but few transactions have been made, and a wait-and-see atmosphere It is heavy and takes time to digest. The stockholders' offers were high, and the trading in the market was deserted. Continue to pay attention to on-site purchases and fluctuations in raw materials.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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