Price trend
The domestic phenol market has been fluctuating and consolidating. The major mainstream markets WEre running smoothly. According to data monitored by SunSirs, the domestic phenol market price was 7,827 RMB/ton on January 15th, and 7,770 RMB/ton on January 22nd, with a weekly decline of 0.73%.
Analysis review
The market atmosphere was flat, with most trading quotes being suspended and not reported. The actual orders were stable, and the impact of imported cargo before the holiday was not expected to be significant. As the holiday approaching, logistics pressure increased, downstream terminal factories' purchasing sentiment slowed down, and some were delisted early. The overall trading atmosphere was flat.
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 |
7,700 |
-50 |
|
Shandong |
7,780 |
-20 |
|
Yanshan and surrounding areas |
7,780 |
-20 |
|
South China |
7,800 |
-100 |
Market outlook
From the perspective of SunSirs, terminal enterprises have reduced their purchases and gradually withdrawn, while traders' willingness to actively offer has weakened, and the market may weaken or tend to stabilize.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.