Price trend
This week, the domestic phenol market had been weak and declining. The reference price for phenol in the East China region was between 7,850-7,900 RMB/ton. Terminal enterprises in the market were not very interested in entering the market, and the delivery of demand orders was low. Traders were under little pressure to ship, and there was a stable price sentiment. However, due to poor stock flow and profit sharing operations, trading follow-up was average. According to data monitored by SunSirs, the domestic phenol market price was 7,992 RMB/ton on December 16th and 7,907 RMB/ton on December 22nd, with a slight decrease of 1.06% during the week.
Analysis review
Sinopec Huadong phenol was listed at a price of 8,000 RMB/ton. Sinopec North China phenol was listed at a price range of 8,000-8,050 RMB/ton.
As of the 22nd, the phenol offers in various mainstream markets across the country were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
7,880 |
0 |
|
Shandong |
7,900 |
0 |
|
Yanshan and surrounding areas |
7,900 |
0 |
|
South China |
7,950 |
0 |
Market outlook
SunSirs expects that the short-term market fluctuations will not be significant, and pays attention to the supply and demand fundamentals. Phenol negotiations in the East China region are expected to be between 7,850-7,900 RMB/ton.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.