Price trend
On the 23rd, Sinopec's phenol price in East China was reduced by 150 RMB/ton to 8,600 RMB/ton. The national phenol market continued to weaken slightly. The overall negotiated price in major mainstream markets fell by 50-100 RMB/ton, of which the price in East China fell to about 8,550 RMB/ton.
Analysis review
At present, the epidemic situation is frequent, the logistics is blocked, the purchasing sentiment of the terminal enterprises is not high, and the demand delivery is low.
Market outlook
It is expected that East China will continue to operate weakly, and the negotiated price of phenol in East China market will be 8,500-8,550 RMB/ton.
On November 24, phenol offers in various markets across the country were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
8,550 |
-20 |
|
Shandong |
8,700 |
0 |
|
Yanshan and surrounding areas |
8,700 |
0 |
|
South China |
8,650 |
-100 |
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