phenol market Lihuayi was the first one to raise 200 yuan to 9,500 yuan per ton at the opening of the morning session. It continued to control the volume of shipments, and when the contract was finished, the tension in the supply area increased. At noon, Sinopec of North China also raised 200 yuan per ton to 9,500 yuan per ton, so far, although other factories have not yet formally informed, but the direction of the market is very clear, the major mainstream market offers pushed up 200-250 Yuan/ton, cargo holders pushed the sentiment is strong, some are still waiting to offer. Terminal to see the inquiry varies, most of the morning for enquiries, the real order still need to pay attention to. 

on the one hand, the supply pressure is not big, the current operating rate of the phenol ketone industry is around 80% , compared to the low operating rate in August before, the supply side has decreased, the import source is relatively stable, the supply is flat. On the other hand, near the end of the month to take into account the high average contract prices, low out of the intention of the holderless. In addition, despite the inventory holders to push up sentiment, but the terminal just need to participate in replenishment, intermediate trader participation is limited, in this case the market slightly upward, limited gains. 

near the end of the month, the market is expected to remain strong operation-oriented, mainstream reference in eastern China at 9250 Yuan/ton.

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