Under the influence of tight supply, both phenol and acetone markets have risen recently, leading the rise. As of July 28, the negotiated price of phenol in East China rose to about 8200 yuan/ton, up 28.13% from the previous month. East China acetone market negotiation price at 6900 yuan/ton, up 33.33%.

In terms of phenol, the price of raw material pure benzene rose, the replenishment of imported cargo and domestic trade supply was limited, large buyers participated in replenishment through bidding, and factories actively cooperated with the price increase. There was no pressure on spot supply of phenol, and the enthusiasm of cargoes holders to push up was high, and the market focus rose rapidly. Before the end of the month, Lianyungang phenol ketone equipment reported a maintenance plan, which had a large impact on the contract in August, and the industry’s mentality was further improved, driving the market offer quickly to about 8200 yuan/ton.

In terms of acetone, the arrival of imported ships is limited, the port inventory has dropped to the level of around 10,000 tons, and the phenol one manufacturers have low inventory and limited shipment. Although the Jiangsu Ruiheng unit has resumed and restarted, the supply is limited, and the Shenghong refining unit has reported the maintenance plan, which affects the contract volume in August, the market circulation spot resources are tight, and the attitude of the goods holders in the field has been strongly pulled, and the offer continues to rise. Boosted by this, petrochemical companies have raised the unit price in turn, and traders have entered the market to fill the short, and there are sporadic terminal factories bidding for replenishment, and the market trading atmosphere is active, supporting the market to discuss the focus rose to near 6900 yuan/ton.

With the rising prices of phenol and acetone, the phenol ketone factory kept up with the pace of the market and repeatedly raised the unit price in response, which led to a loss of more than 6 months from July 27.

According to Longzhong Information estimates, as of July 28, Sinopec East China factory phenolic ketone profit value of 772.75 yuan/ton, an increase of 1233.75 yuan/ton compared with June 28.

Recent raw material pure benzene, propylene market performance is strong. At present, the supply and demand of pure benzene are tight, and the recent market may be negotiated near 7100-7300 yuan/ton. At present, the propylene market is fluctuating, polypropylene powder has a certain profit, downstream factories need to cover positions, there is support for the propylene market, short-term prices are running strongly, the main Shandong market propylene volatility range maintained 6350-6650 yuan/ton.

Recently, the high cost of phenol ketone has been supported, and the tight supply situation of phenol ketone market has been pulled more obviously, and the spot supply of phenol ketone market has continued to be tight, and the phenol ketone market still has an upward momentum. Therefore, it is expected that the profit space of domestic phenol ketone enterprises will be further improved in the near future.

Entering August, Blue Star Harbin phenol ketone plant is under repair, China Sea Shell phenol ketone plant has no plan to restart, Wanhua Chemical, Jiangsu Ruiheng, Shenghong refining phenol ketone plant are expected to overhaul, the import source is not enough to arrive at the port, it is expected that the shortage of phenol, acetone spot supply situation is difficult to ease. Although the performance of the demand side is not optimistic, the current tight state of goods continues, whether it is phenol or acetone market is difficult to make a wide U-turn, and the possibility of shock consolidation cannot be ruled out.