SunSirs: In April, the Resorcinol Market First Rose and Then Stabilized

Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 24th, the average market price of resorcinol was 44,750 RMB/ton. On April 1st, the average market price of resorcinol was 44,500 RMB/ton, an increase of 0.55% compared to the beginning of the month.

Analysis review

Pure benzene: The domestic price of pure benzene had fluctuated and increased this month. On April 23rd, the price of pure benzene was 8,750 RMB/ton. On April 1st, the price of pure benzene was 8,488 RMB/ton, a decrease of 3.09% from the beginning of the month and an increase of 18.07% from the same period last year. In the first half of April, the overall increase in pure benzene in China was good. Affected by the continuous rise in crude oil, the cost support for pure benzene was strong. Macro and demand are suppressing oil prices in the short term, and the space for further upward movement of oil prices is being suppressed. In the second half of the month, due to insufficient support from pure benzene, prices may be lowered.

Nitric acid: The domestic price of nitric acid fell first and then rose this month. On April 24th, the price of nitric acid was 1,820 RMB/ton, and on April 1st, it was 1,750 RMB/ton. The price increased by 4% compared to the beginning of the month and decreased by 28.15% compared to the same period last year. As of April 24th, the market supply and demand were stable, and transactions were mainly light. Market transactions were still lower than expected, and manufacturers mainly relied on orders for their shipments.

M-phenylenediamine: On April 24th, the average market price of meta phenylenediamine was 36,000 RMB/ton. On April 1st, the average market price of meta phenylenediamine was 38,233 RMB/ton, a decrease of 5.84% from the beginning of last month. Cost demand gamed, the price of meta phenylenediamine had fallen.

Market outlook

After a slight increase this month, resorcinol remained stable and market trading remained stable. The downstream rubber industry was cautious in purchasing, and there was no significant increase in demand for dyes and pesticide intermediates in the market. It is expected that the price of resorcinol will remain stable.

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