In July, the domestic phenol market generally declined. According to data monitored by Business Society, the domestic phenol market price was 6680 yuan/ton on July 1st and 6605 yuan/ton on July 11th, a decrease of 1.12%.
Phenol spot is abundant, and traders held steady at the beginning of the month. Subsequently, as the industry chain fell, the market also declined, and terminal demand was cautious. With the market downturn, considering the slightly higher average price and stronger trend in raw materials, the downward trend slowed down in the middle of this week and gradually bottomed out. Terminal demand followed suit, and the market rebounded slightly.

In terms of ports, on the 11th, the total amount of phenol in East China was 22000 tons, including 10000 tons in transit. The operating rate of phenol ketone enterprises has decreased during the week, and the Dalian Hengli phenol ketone plant has reduced its load.
On July 11th, Sinopec East China listed at a price of 6650 yuan/ton.
As of the 11th, the phenol offers in various mainstream markets across the country are as follows:
Region./11 day quotation /Rising and falling in the first ten days
East China region / 6550./ -50
Shandong region / 6600./ -150
Surrounding areas of Yanshan Mountain / 6650./ -100
South China region / 6600./ -150
Business Society expects limited growth in the phenol market next week. Next week, we will pay attention to the export progress of Zhenhai Refining and Chemical. The overall downstream demand is stable, but the cost may be weak, and the cost side support is limited.