At the beginning of the week, information about the delayed arrival of phenol at the port was released, causing traders to push up their offers. According to the analysis system of Business Society, the domestic market was quoted at 7765 yuan/ton on December 7th, and at 7867 yuan/ton on December 13th, an increase of 1.3%.

On the 11th, the inventory of phenol at Jiangyin Port was 13000 tons. The originally planned shipment to Hengyang in the middle of last week was delayed, and the goods were prioritized to be sent to Tianjin and other places. However, there was no replenishment of imported cargo. At that time, the East China market showed a tense situation, and trading quotes continued to rise. After rising for two consecutive days, the upward trend slightly eased on Wednesday.

The upward trend of raw materials has been supported, with pure benzene hitting the bottom and rebounding this week. The negotiated price has been pushed up to 6825 yuan/ton, and last week’s offer was at 6700 yuan/ton, with a weekly increase of 1.87%. The upward trend of pure benzene is related to the strengthening of downstream styrene market, and the strong upward support of the market.

The downstream domestic bisphenol A market has been poorly negotiated, fluctuating downward, with a lack of favorable terminal conditions and sufficient spot supply. Traders have increased their willingness to ship according to market trends. The negotiated price in the East China region has reached 9850-9950 yuan/ton, while in other regions, there is a lack of market and actual order negotiations are sparse.

From the perspective of the business society, there is insufficient replenishment of phenol cargo in the short term, and the probability of domestic trade cargo arriving at port on weekends is high. In the near future, it is necessary to focus on the arrival time of imported cargo. The purchasing power on the demand side is average, and it is expected to maintain rigid demand as the main demand. If the imported goods successfully arrive in the market, there may be downward expectations.