The domestic phenol market shows slight upward momentum.

1. Daily Summary

① On September 28, Sinopec East China posted phenol prices remained stable at 8,900 yuan/ton.

② On September 28, port inventory of phenol in Jiangyin stood at 7,000 tons, comprising 6,000 tons at Huaxi and 1,000 tons at Hengyang.

2. Spot Market Overview

Table 1: Summary of Domestic Phenol Prices (Unit: Yuan/Ton)

Based on the East China region, today's phenol price closed at 8,775 yuan/ton, an increase of 60 yuan/ton from the previous trading day. The domestic phenol market saw a slight upward trend today. Significant increases in raw material costs influenced holders to open cautiously with higher quotes in the morning, showing little willingness to offer discounts. Consequently, the market center shifted slightly upward. End-user enterprises participated in buying based on rigid demand, but transaction volumes remained insufficient.

3. Production Dynamics

Today, the overall operating rate of the domestic phenol industry was approximately 89%. The profit margin for phenol and acetone producers stood at -818 yuan/ton.

4. Price Forecast

The domestic phenol market advanced slightly upward today. Strong cost support stabilized seller sentiment, reducing their willingness to discount and leading to cautious upward adjustments in offers. End-user factories followed up with general purchasing activity, driven primarily by rigid demand, resulting in a flat negotiation atmosphere. It is expected that the domestic phenol market will maintain firm pricing tomorrow. Stakeholders should monitor changes in cost prices, the spread between phenol and pure benzene, and end-user buying interest. Cautious operation is recommended.

5. Related Products Status

Pure Benzene Market: Today, the negotiation center for the East China pure benzene market continued to rise, with transactions occurring in the range of 10,470–10,550 yuan/ton, largely consistent with morning expectations. Spot supply was tight; suppliers who had resumed operations after maintenance were constrained by insufficient raw materials or high prices, leading to lower-than-expected operating rates. End-users entered the market passively to replenish stocks based on rigid demand, pushing the transaction center higher.

Bisphenol A Market: Based on the East China region, today's bisphenol A price closed at 11,200 yuan/ton within a range of 11,100–11,300 yuan/ton, remaining stable compared to the previous trading day and aligning with morning expectations. The bisphenol A market operated quietly today. Ahead of the holiday, downstream users showed no intent for concentrated restocking, limiting demand. However, production companies focused on order delivery, providing some support to holder sentiment. Sellers maintained stable operations, resulting in a thin trading atmosphere.

6. Data Calendar

Table 2: List of Domestic Phenol Data (Unit: Ten Thousand Tons)