Apr China Phenol & Acetone Industrial Chain Performance
In April, the average market price of phenol inched up. The phenol & acetone unit at Sinopec Beijing Yanshan Company was shut down for maintenance, and the inventory at producers and trades was not high. Besides, the supply of imported phenol resources was limited. Early this month, phenol producers raised the prices of new orders, and sellers held the prices firm. Some traders and downstream plants purchased on a need-to basis. The trading atmosphere was lukewarm, and the negotiation prices fluctuated upwards. In mid-April, the downstream demand was weak, and the sales of new orders were unsmooth. Some phenol distributors slightly cut the prices, and the negotiation prices fluctuated downwards. In late April, the mainstream negotiation prices of phenol went up. The benzene prices rose, and producers raised phenol prices. Downstream plants purchased on a need-to basis. Approaching the May Day holiday, the replenishment was average, and the sales were tepid. Up to the end of April, the reference negotiation prices of phenol in East China were RMB 8,900-8,950/mt, and the monthly average price was RMB 8,783/mt, up 2.02% M-O-M.
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