The hottest phenol Market is tight and prices rise

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Due to the continuous shortage of resources in China, especially in East China, the phenol Market is going against the trend. According to jb/t8521.1 (2) 007 woven sling safety Part 1: general purpose synthetic fiber flat sling and JBT 8521.2 (2) 007 woven sling safety Part 2: general purpose synthetic fiber round sling mechanical testing requirements. The Asian market, supported by the strength of the Chinese market, also showed signs of tight goods and rising prices. This positive trend has attracted European and American suppliers to transfer resources to China. Market analysts believe that the international phenol market has shown a trend that the world sees China and China sees East China

China is in short supply of resources

on December 14, 2006, the ex factory quotation of phenol of Gaoqiao Petrochemical was raised to 13500 yuan/ton, and the units were successively put into maintenance, opening the curtain of the increase in the market price of phenol. Since then, the good atmosphere in the port market was to recruit people through the Internet. The quotation of importers continued to rise. The East China market was high to 13600 yuan/ton, and the South China market was high to 14000 yuan/ton. Some traders even closed their offers. On December 20, Yanshan Petrochemical raised its ex factory price by 100 yuan/ton, which was expected by everyone. Other Chinese manufacturers followed suit, and the weak deadlock in the northern market was also opened

in the early stage of the market, due to the large price difference between the north and South markets, market participants are worried about the flow of goods from the north to the south. At present, although the price difference between the north and South markets is still large, it has begun to rise synchronously. The East China market was boosted by the favorable supply side and the increase of domestic manufacturers, the offer was raised to 13700 ~ 13800 yuan/ton, and the transaction rose to 13600 ~ 13700 yuan/ton. In North China, the market is still in a wait-and-see period because the manufacturers have just raised their prices, and the market turnover is slightly light. The South China market is mainly closed, waiting for the further development of the market. At the beginning of the year, market resources will gradually tighten, and market participants expect that the market will still rise in the future

the Asian market is gradually improving

the improvement of the Chinese market will soon drive the Asian market. Phenol producers in Northeast Asia are quite concerned about the recent price hike of Gaoqiao Petrochemical. Korean and Japanese producers believe that the price hike of Gaoqiao implies to the market that there is a shortage of phenol supply in East China. Some manufacturers are currently leaving the market to wait and see the reflection of the Chinese market and the spot transaction in December last year. The intended price of Korean and Japanese manufacturers for January goods is 1360 ~ 1370 US dollars/ton (CFR China)

the aromatics plant of Formosa chemical FCFC in Mailiao caused a fire due to the internal and external pressure difference of the sample on December 7, 2006, and its downstream was affected. Whether FCFC can supply the market demand in January this year, traders are waiting for the final decision of FCFC. OPEC said it would reduce production by 500000 barrels per day from February this year, and strong energy prices will support aromatics prices. The import price of phenol in Southeast Asia increased by $10/ton, and the price of a batch of 500 ton shipments sold to Malaysia was about $1370/ton (CFR Southeast Asia)

European goods turned to Asia

European producers and traders said that the sharp rise in the price of phenol in Asia would lead to increased interest in arbitrage of European goods to the Asian market. Most traders have reached a general consensus that the amount of phenol imported from Europe to China will increase significantly in 2007. They said that the shortage of phenol in Asia will intensify this year, and there will be more phenol ketone units in the European market. These factors make it possible for European cargoes to play an important role in China's phenol Market in 2007. It is reported that the phenol Market in Asia will break the balance of supply and demand this year and become tense, mainly due to the planned production of a series of bisphenol A plants in Northeast Asia from 2006 to 2007

traders conservatively estimate that the phenol gap this year is 5000 ~ 6000 tons/month, but in reality, the gap may be as high as 90 ~ 10000 tons/month. A trader said: at present, the monthly phenol export from Taiwan, China to Chinese Mainland is about 8000 tons, but when the fourth BPA plant in South Asia is started, a large number of exports of Formosa chemical to the Chinese market will be absorbed and replaced by South Asia. According to the relevant person of the South Asia company, even if it purchases all the phenol in stock from Taihua, there is still a gap of 1000 ~ 1500 tons per month

although the shortage of phenol in Asia is intensifying, the supply balance in the European market will be strengthened, especially ertisa's 250000 T/a phenol and 155000 T/a acetone plants in Huelva, Spain, are scheduled to start production in February 2007. Some manufacturers and traders believe that the transfer of European phenol to Asia is an important supplement to the Chinese market, and American goods will be in a secondary position, because the anti-dumping duty of American exports to China is 36%, compared with Europe, which does not need to pay anti-dumping duty. Market participants predict that the annual growth of phenol demand in Asia will reach 7% in 2010, while bisphenol A will be 10%

note: this reprint is for the purpose of transmitting more information. Because it adopts electrohydraulic servo control skills, it does not mean that it agrees with its views or confirms the authenticity of its content

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