Price trend
The domestic phenol market is running to be weaker. According to data monitored by SunSirs, the price of phenol in the domestic market is 7,500-7,550 RMB/ton on November 14th. The downstream terminal market shows weak buying enthusiasm, with primary demand and low delivery rates. Traders are unable to ship smoothly, and the market opens at a low level in the morning, with limited room for profit.
Sinopec East China phenol price is implemented at 7,600 RMB/ton. Sinopec North China phenol is listed at a price range of 7,600-7,650 RMB/ton.
As of the 14th, the phenol offers in various mainstream markets across the country are as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
7,520 |
-50 |
|
Shandong |
7,650 |
0 |
|
Yanshan and surrounding areas |
7,600 |
-20 |
|
South China |
7,620 |
-20 |
Market outlook
It is expected that the phenol market will experience narrow fluctuations, and attention should be paid to the fundamental dynamics of supply and demand.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.