Price trend
On July 2nd, Sinopec's East China phenol listing price was lowered by 150 RMB/ton, resulting in a reduction of 8,200 RMB/ton, while Sinopec's North China phenol listing price was lowered by 100 RMB/ton, resulting in a reduction of 8,200-8,250 RMB/ton.
Analysis review
On July 2nd, the phenol market continued to decline, and factories followed suit by lowering their listed prices. On July 2nd, the market saw a halt in the decline in East China, continued to decline in North China and Shandong, and remained relatively stable in South China.
On July 2nd, the offer of phenol in various markets across the country was as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
8,150 |
|
|
Shandong |
8,100 |
-50 |
|
Yanshan and surrounding areas |
8,100 |
-50 |
|
South China |
8,200 |
-50 |
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