The domestic phenol market is experiencing narrow-range fluctuations.

1. Today's Summary

① On November 6, Sinopec East China phenol posted prices remained stable at RMB 9,400/ton.
② The downward trend in costs has slowed, reducing sellers' willingness to offer discounts. With increased inquiries, market sentiment remains relatively firm.

2. Spot Market Overview

Table 1: Domestic Phenol Price Summary (Unit: RMB/ton)

Based on the East China region, today's phenol price closed at RMB 9,250/ton, remaining unchanged from the previous trading day. The domestic phenol market fluctuated within a narrow range today. The decline in raw material pure benzene has slowed; supported by tight spot availability and high monthly average prices, holders are inclined to maintain prices with reduced willingness to offer discounts. Some end-users have shown interest in replenishing stocks through inquiries, but transaction volumes remain generally moderate.

3. Production Dynamics

Today, the overall operating rate of the domestic phenol industry is approximately 79.5%. The profit margin for phenol-acetone enterprises stands at RMB -94/ton.

4. Price Forecast

The domestic phenol market exhibited narrow fluctuations today. The downward trend in raw material pure benzene has eased, selling pressure on inventory holders is low, and their willingness to discount has diminished. End-user factories are entering the market cautiously to inquire and replenish stock at appropriate prices, resulting in a bland trading atmosphere. It is expected that early next week, the domestic phenol market will cautiously attempt to maintain prices. Attention should be paid to cost price fluctuations, end-user demand, and corporate developments. Caution is advised.

5. Related Products Status

Pure Benzene Market: Today, spot pure benzene in East China continued its weak trend, trading between RMB 8,270–8,470/ton, largely consistent with morning forecasts. Pressure on international oil prices lowered cost support, causing pure benzene prices to fall. Although downstream profits recovered slightly due to the significant drop in pure benzene prices, operating rates saw limited improvement, and demand support remains insufficient, keeping market sentiment under pressure. The combination of collapsing costs and rising supply suggests that the short-term bearish trend will continue, although low inventory levels provide some constraint.

Bisphenol A Market: Based on the East China region, today's bisphenol A price closed at RMB 11,500/ton, with a range of RMB 11,500–11,500/ton, flat compared to the previous trading day and in line with morning expectations. The bisphenol A market operated sluggishly today. Raw material volatility was minimal, and there was a lack of new market information. Corporate inventories are not pressured, and holders remain calm, mostly maintaining stable prices. However, downstream buying interest is weak, with very few actual transactions occurring in the market.

6. Data Calendar

Table 2: Domestic Phenol Data Overview (Unit: 10,000 tons)