1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the phenolic resin market is showing a downward trend. As of May 15th, the mainstream price of domestic phenolic resin (2123) was 10175 yuan/ton, a decrease of 125 yuan or 1.21% compared to the previous working day. The price range of phenolic resin (2123, premium product) is between 13000 to 15500 yuan/ton.

2、 Market analysis

Cost side:

As of today, the phenol market has been operating in a volatile manner after stopping its decline. On May 1st, the market was quoted at 8145 yuan/ton, and on May 15th, it was quoted at 7860 yuan/ton, a decrease of 285 yuan/ton, a decrease of 3.50%. Downstream factories have finished stocking up, and under the pressure of traders shipping, the market has entered a weak trend.

Supply and demand side:

The main downstream mold version, grinding, and friction material markets lack information guidance, and the prices listed by factories remain stable. Downstream demand for follow-up is high, and trading volume is limited.

3、 Future Market Forecast

Recently, the market price of phenolic resin has declined. From a cost perspective, the post holiday raw material phenol market experienced a volatile operation after stopping its decline, resulting in a bearish performance on the cost side. From the perspective of supply and demand, the spot supply in the market is loose, with downstream buyers mainly focusing on demand. The purchasing intention is average and stable. In the short term, phenolic resins are prone to decline but difficult to rise, so it is necessary to pay attention to the phenol market in the later stage.