Price trend

Sinopec's East China phenol listing price remained stable at 8,600 RMB/ton.

Analysis review

Affected by the arrival of domestic cargo and the shipment of export goods, the inventory of Jiangyin Port decreased significantly last week, and the price of phenol continued to rise. This week, Jiangyin Port opened with only 8,000 tons of inventory. In the tight market supply situation, traders had a positive attitude, firm offers, and basically no intention of giving up. Terminal enterprises urgently needed to follow up and pay attention to market transactions.

The phenol offers in various markets across the country on August 26th were as follows:

East China region: 8,700 RMB/ton, up 50% RMB/ton

Shandong region: 8,650 RMB/ton, up 50% RMB/ton

Surrounding areas of Yanshan: 8,650 RMB/ton, up 50 RMB/ton

South China region: 8,750 RMB/ton, up 50 RMB/ton

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