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Phenolic ketone market oversold rebound

Recent Chinese domestic phenol ketone plant production costs under pressure obviously, the issue of production cuts to protect prices can undoubtedly become the most direct and effective measures. In the phenol ketone plant continued to decline and start load or parking news for the announcement, the phenol ketone market economy bottomed out, in response, but the sustainability is still to be further followed up.

Due to the "high temperature" and "heavy rain" weather for the continued development of the impact of end-user demand can be restored to stall, the previous parking phenol ketone plant put into operation one after another enterprise operation, the pressure of supply and demand relations continue to amplify, traders mentality is not good, the intention to maintain the concession shipments, with Time transaction prices fell below the 10,000 yuan integer mark, partly through the intermediaries and downstream low procurement staff demand rebounded, market information showed a certain stabilization trend. However, on July 5, BaPo fell to $100 per barrel at the close of trading and became more worried about the global economic recession. The market was once again in a bearish atmosphere, and with the price of pure benzene, the market decline was amplified or even reversed. Phenolic plant gains and losses increased. Under the premise of "volume and price balance", most of the domestic phenolic units are focused on load shedding or shutdown, with strong expectations of supply reduction and low price tightening. And after a retaliatory rebound ushered in the capitulation, the market quickly returned to the level of 9300-9400 yuan / ton.

Recent price reversals in China's domestic acetone market have been rapid. The supply-demand imbalance and weak external environment frustrated market confidence, acetone market fell and continued to bottom out. In the price fell to 4500 yuan / ton near, in the phenol ketone plant load reduction and some enterprises downstream outside mining and other biased support, industry professionals to carry out active work into the market enthusiasm has obvious can be elevated, the market economic center of gravity began to rebound quickly, the holder of low prices show pity to sell, downstream buying mentality, into the market procurement staff positive development slightly elevated, as of July 22, Jiangsu rural areas acetone as the market Provide reference negotiation intention in the 4850-4950 yuan / ton range. With the release of positive news from the Chinese market application, and downstream picking work interest turned light, the market through the negotiation slightly stalemate.

Although the recent reduction in production and parking background in the phenol ketone plant, phenol and acetone prices are showing a certain trend higher, phenol ketone business management theory analysis of profitability than the previous development has improved, but the serious degree of loss still exists larger, phenol short term end-user demand is difficult to have a significant can be raised, after the rapid rebound in prices this week, the downstream plant resistance to high prices psychological sentiment is increasing, next week phenol market economic range oscillation is more likely. Acetone, following the market supply and demand side of the game and the change in market mentality. It is expected that the domestic acetone next week for the market economy oscillation operation. Based on this, phenol ketone plant gross profit short term difficult to turn losses into profits, the late part of the phenol ketone plant there are parking plans, still need to pay close attention to the phenol ketone plant start-up changes.