I. Key Focus Points
Core Logic: The loss margin for phenol-acetone enterprises has slightly narrowed. Jiangyin port inventories decreased marginally. Sinopec East China raised its prices. The operating levels of domestic phenol-acetone units showed little fluctuation.
II. Price Table
| Product | Region | Oct 30 | Oct 23 | Change Rate |
|---|---|---|---|---|
| Phenol | East China | 9,875 | 9,400 | +5.05% |
| Pure Benzene | East China | 10,065 | 10,550 | -4.60% |
| Propylene | Shandong | 11,925 | 10,760 | +10.83% |
| Bisphenol A | East China | 11,250 | 10,700 | +5.14% |
| Notes: 1. Phenol, pure benzene, propylene, and bisphenol A are all National Standard Premium Grade products. 2. All listed prices are spot cash-on-pickup prices in RMB/ton. 3. The two periods represent point-in-time prices from the previous two working weeks before this week, not weekly averages. 4. Change rate refers to the period-over-period percentage change. |
III. Data Table
| Metric | Oct 30 | Oct 23 | Change Rate | This Week's Forecast |
|---|---|---|---|---|
| Phenol-Acetone Unit Operating Rate | 73% | 73.5% | -0.5 percentage points | → |
| Phenol-Acetone Production Profit | -1,165 | -1,670 | -30.24% | ↗ |
| Notes: 1. The unit operating rate represents the ratio of actual production output to capacity, reflecting production status. 2. Production profit is industry-wide data reflecting the overall profitability of mainstream producers, measured in RMB/ton. 3. The two periods represent point-in-time prices from the previous two working weeks before this week, not weekly averages. 4. Change rate refers to the period-over-period percentage change. |
IV. Market Outlook
Last week, the domestic phenol market rose significantly. Feedstock prices moved in opposite directions. Reduced regional operating rates for phenol led enterprises to raise their quoted prices. Holders faced limited pressure to sell by month-end and cautiously pushed up offers. However, end-users were insufficient in following through with purchases, with only rigid demand participating in bidding, resulting in a flat trading atmosphere. It is expected that the domestic phenol market will maintain firm pricing today. Attention should be paid to fluctuations in cost-side enterprises, end-user buying interest, and company developments. Cautious operation is recommended.
V. Data Calendar
| Data Item | Release Date | Previous Period | Current Trend Forecast |
|---|---|---|---|
| Phenol Port Inventory | Friday 10:00 AM | 11,500 tons | → |
| Phenol-Acetone Enterprise Operating Rate | Friday 5:00 PM | 73% | ↗ |
| Notes: 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow-range volatility, highlighting data with changes within 0-3%. 3. → indicates stability. |
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