Price trend
Analysis review
The listing price of Sinopec East China phenol was 8,050 RMB/ton. After the continuous increase of the factory, the market mentality was boosted, the phenol market was strong and higher, and the export expectation improved to drive the domestic market price. From the perspective of domestic terminals, the improvement was less than expected. Most terminals followed up just in needed, and the actual order transaction was flat.
Market outlook
It is expected that the market will run at a high level today (February 16), and the reference price of phenol in the East China market will be 8,100-8,150 RMB/ton.
On February 8, the offer of phenol in various markets across China is as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
8,150 |
100 |
|
Shandong |
8,150 |
100 |
|
Yanshan and surrounding areas |
8,100 |
100 |
|
South China |
8,200 |
50 |
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