Shandong Lihuayi phenol prices - Arhive

Shandong Lihuayi raises phenol prices in CNY200 per tonne in northern China 

Shandong Lihuayi phenol pricesChinese Shandong Lihuayi, a subsidiary of the Lihuayi Group, on February 21 raised the price offers of phenol in northern China by 200 yuan (CNY) or USD30 per tonne, ICIS reported. Shandong Lihuayi phenol prices

Thus, the February prices of phenol companies are now at the level of CNY8 800 or USD1 309.5 per ton, EXWH (ex warehouse).

The spot prices of phenol in East China on February 20 were at the level of CNY8 600-8 800 per tonne, ex-tank (free tank), which is CNY150 per tonne higher in the upper part of the price range compared to the level of the previous day, according to ICIS.

At the site in Dunying (Dongying, Shandong Province, China), Shandong Lihuayiu operates a bisphenol A (BFA) plant with a capacity of 120 thousand tons per year, which the company closed last year for annual prevention from April 19 to May 30.

Phenol is the main raw material component for the production of bisphenol A (BPA), which, in turn, is used to produce polycarbonate (PC).Shandong Lihuayi phenol prices

According to the ICIS-MRC Price Review , in the Russian market in the middle of the first quarter there is a situation of price dominance of Kazan material.  In January, the Russian plant lowered the lower limit of the cost of the PC to 160 thousand rubles.  per tonne, FCA plant, VAT included.  The cost of a PC for the end customer is in the range of 162,000-165,000 rubles.  per ton, CPT Moscow, including VAT.  At this level of cost of Kazan material, similar brands of imported PCs in the domestic market are noncompetitive in price.

Lihuayi Group Co.  Ltd.  It produces various petrochemical products, including phenol, acetone and bisphenol A. The company was founded in 1987 with headquarters in Dongying, China.

Author:   Margarita Volkova

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