November 9th phenolic resin market review

The domestic phenolic resin market remained stable. The market is not shocked. Although the price of raw materials has been adjusted slightly, its impact is extremely limited. Currently, it is affected by the real estate tightening policy, as well as the elimination of backward production capacity and the “standard operating conditions for production in the steel industry”. The demand is limited and the trading parties are not trading. Market participants said that some models are facing loss of pressure, and some manufacturers have stopped parking and repaired production. In short, the phenolic resin market is weakly organized, the overall performance is not good, the local transactions are generally, the downstream is unbearable for high prices, and more wait-and-see; at the same time, the overall decline in bulk commodities has brought about a lot of pressure, and some funds have also been suppressed, and positions are expected. Continue to reduce holdings, business light warehouse operations, energy saving and emission reduction storms, implementation measures are intensifying, steel mills around the country are seriously affected, most phenolic resin manufacturers said that the goods are generally in general, the market may continue. The long-term influence factors of the market are intertwined. The prices of raw materials phenol and acetone fluctuate slightly, energy conservation and emission reduction continue, and spot demand is not good. It is expected that the market pressure fluctuation adjustment may be large. In short, the phenolic resin market is relatively weak, and downstream demand has not been effectively activated. The raw materials have been weakened, the mainstays have long-distance differences, and the market continues to fluctuate sideways. It is understood that the domestic phenolic resin trading atmosphere is deserted, among which: the market in Shandong is not shocking, quoted: liquid 15000-15500 yuan / ton, solid class 16000-16500 yuan / ton. The turnover in Henan area was significantly lower than before. The price was: liquid 15500-15700 yuan / ton, solid 16200-16700 yuan / ton; Jiangsu area limited demand, on-demand procurement, quotation: liquid 15500-16000 yuan / ton, solid 16500-17000 yuan /Ton.

It is understood that the domestic phenolic resin raw materials market is organized and operated. Among them: the phenol market started to weaken at the beginning of the week, the atmosphere of negotiation was not good, the overall transaction was limited, and the reference in East China was 14900-14950 yuan/ton. The dealers reacted poorly in the market, the downstream factories started poorly, and the demand was limited. The domestic petrochemical enterprises are operating smoothly and some of the inventory pressure is prominent. The follow-up petrochemical enterprises need to pay attention to it; the other downstream bisphenol A fluctuates and falls, and Sinopec Mitsui has adjusted and the market is becoming more rational. The formaldehyde market is weak and the price is weakened. Most of the follow-up of raw material methanol declines. Enterprises have lowered their prices and eased the inventory pressure. The range is ranging from 30-150 yuan/ton. In addition to the consolidation in Fujian and other different levels, the downstream view The actual trading volume was limited; the raw material methanol price fell, and it has become a national trend. After several days of stable formaldehyde market and weak upstream support, formaldehyde prices have started to fall at the beginning of the week, with the largest drop of 150 yuan/ton. In short, the phenolic resin is under pressure and has been under construction, and the support for phenol is limited. Domestic manufacturers' inventory and port inventory are slowly digested, and traders are cautious about the market outlook. It is understood that the actual price of the phenol regional market is 14700-14800 yuan/ton in East China, 14900-15000 yuan/ton in Shandong, and 14700-14900 yuan/ton in South China. The actual price of the formaldehyde regional market is 1,500 yuan/ton in Lunan area; 1550 yuan/ton in Luzhong area; 1450 yuan/ton in Luxi area; 1450-1550 yuan/ton in Hebei area; 1550-1580 yuan/ton in Fujian area .

Domestic phenolic resin manufacturers are operating stably. The market price is relatively flat, and the actual market fluctuates slightly. The news is still scarce, energy conservation and emission reduction are increasing. The downstream demand continues to be light and poor, the start of work is limited, and the high price is difficult to accept the goods. At present, the phenolic resin manufacturers have different mentalities and hopes. Demand starts, prices can go well, and some worry that raw materials are weak and prices may fall. The price of raw phenol has fluctuated, but the demand is weak and the transaction is relatively limited. At the same time, the downstream demand continues to be light and dragged down. As the volume of transactions continues to shrink, the pressure on manufacturers continues to increase. It is understood that: Zhengzhou Double Pigeon Resin Co., Ltd., offer: powder type 16000 yuan / ton, solid class 16500 yuan / ton, normal equipment, quotation temporarily stable, the main refractory phenolic resin; Zhengzhou Weiye Superhard Materials Co., Ltd. No quotation, mainly phenolic resin; Yantai Jinyuan Chemical Co., Ltd., quoted at 16,500 yuan / ton, a single talk, the main friction material with phenolic resin; Zhengzhou Shuguang Chemical Co., Ltd. suspended production, restart pending, follow-up wait; Renxian Chengfeng Resin Chemical Co., Ltd., quotation: 15500 yuan/ton for brake materials, 15300 yuan/ton for refractory materials, 14500 yuan/ton for fireworks, main phenolic resin; Shandong Yongli Refractory Co., Ltd., quote: Liquids 14,000 yuan / ton, solids 15500 yuan / ton, the main refractory phenolic resin; Jinan Shengquan Haworth suspended the external quotation, the main refractory and brake pads with phenolic resin.

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