Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 9th, the average market price of resorcinol was 44,750 RMB/ton.

Analysis review

Pure benzene: The price of pure benzene in China had slightly increased this week. On May 9th, the price of pure benzene was 8,758 RMB/ton, an increase of 0.98% compared to last week. The transaction of pure benzene was still acceptable, and there was sufficient supply on the market.

Nitric acid: The domestic price of nitric acid had slightly increased this week. On May 9th, the price of nitric acid was 1,876 RMB/ton, and on May 2nd, it was 1,856 RMB/ton, an increase of 1.08% compared to last week. As of May 9th, the market atmosphere was active, and downstream demand continued to improve.

M-phenylenediamine: The price of m-phenylenediamine in China had increased this week. On May 9th, the price of phenylenediamine was 38,600 RMB/ton, an increase of 6.73% compared to last week. The demand for dyes, pesticide intermediates, and other products in downstream markets had improved.

Market outlook

The trading volume of resorcinol in the market this week was very low. The cost support was strengthening, and the downstream resin tire industry lacked information guidance, leading to a recovery in the dye and pesticide intermediate markets. It is expected that the market situation for resorcinol will be stronger.

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