Where do you find this cream please?
You have sensitive skin down there my friend. It is quite common. You should consider using a penis health creme every day. These are applied directly to the penis skin and can help with the exact issue you described above. Get one with Vitamin E and shea butter (both natural ingredients and excellent for the skin) and you should see positive results in a few days. Good luck.
I have had what I think to be a similar problem on an off. The area gets inflamed and the skin flakes off. Originally I was applying triple antibiotic ointment and that helped a little but it didn't do that much. Instead I tried applying a topical steroid (clobetasol propinate, USP 0.05%) I received awhile back for eczema. This has helped a lot more and usually clears it up in a few applications, it is a steroid so be careful as over application would be bad. I found that putting a band-aid over it (not very fun removing) helped it go away in even fewer applications.
Have you cured it yet because I am suffering form the exact same problem and not sure how to treat it. I have been using tissue oil and refrained from intercourse but it doesn't seem to be healing.