Price trend

According to the Commodity Market Analysis System of SunSirs, as of March 6th, the average market price of resorcinol was 44,500 RMB/ton. On February 26th, the average market price of resorcinol was 44,375 RMB/ton, an increase of 125 RMB/ton from last week, or up 0.28%.

Analysis review

In terms of cost, pure benzene had been rising for several consecutive days and then falling in a short term, supporting the stable operation of upstream meta phenylenediamine prices after a slight increase, while the cost support for meta phenylenediamine had weakened. After the holiday, downstream construction began one after another, and the purchasing atmosphere on the demand side slightly improved, but still mainly focused on small orders for basic needs.

Market outlook

Overall, there was a lack of positive news on the market, and it is necessary to continue to pay attention to the cost price trend and downstream market demand after the holiday. In the later stage, resorcinol is mainly stable and tends to be stronger.

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