In September 2022, China’s phenol production was 270,500 tons, up 12,200 tons or 4.72% YoY from August 2022 and 14,600 tons or 5.71% YoY from September 2021.
In early September, Huizhou Zhongxin and Zhejiang Petrochemical Phase I phenol-ketone units resumed restarting one after another, with little impact. Market spot is still in a tight state, and the supply of domestic trade ship cargo contracts is clearly insufficient. Later this year, Sinopec Mitsui and Bluestar Harbin phenol ketone plant restarted, gradually increasing negative operation before the end of the month, without affecting the domestic spot supply. At the end of the month, Changchun Chemical (Jiangsu) phenone planned parking maintenance, mainly affecting the contract supply of phenol in October, the loss of phenol in September is limited. In addition, the profit of phenol ketone enterprises in September is relatively substantial, profit margins continue to improve. Previous load-shedding units have resumed normal operation, so overall losses were reduced compared to August. On the contrary, production increased year-on-year.
In September 2022, Zhejiang Petrochemical Phase I, Huizhou Zhongxin, Bluestar Harbin, Sinopec Mitsui and Changchun Chemical (Jiangsu) had a total of five enterprises unplanned maintenance of phenol ketone enterprises, involving a capacity of 1.22 million tons, with a phenol loss of about 34,800 tons during the parking period.

In October, Changchun Chemical (Jiangsu), Taiwan Chemical (Ningbo), phenol capacity of 690,000 tons, due to Taiwan Chemical (Ningbo) phenol plant parking time is not clear, October maintenance time tentative valuation, there is a certain error, a rough estimate of October parking phenol plant phenol loss of about 35,300 tons.
In October, mainly considering the impact of planned maintenance of domestic phenol ketone units. At present, the phenol ketone business profits are considerable, the spot supply is tight, the material burden operating companies are not many. Therefore, it is expected that China’s phenol production will exceed 290,000 tons in October, during which the operating trends of domestic phenol ketone enterprises need to be closely tracked.

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