SunSirs: Morning Forecast for Domestic Phenol Market on February 21st
February 21 2024 09:45:37 SunSirs (John)
Price trend
The domestic phenol market trend was differentiated, with the market performance in the East China region weakening, mainly due to the weakening of the upstream crude oil to pure benzene market, the market's wait-and-see sentiment had increased, but the market quotations in other regions were strong.
Overall, traders had been hindered in their sales, with lower afternoon orders and a slowdown in the overall entry of terminal factories into the market, resulting in a decline in trading volume. On the afternoon of the 20th, multiple highways across the country were closed, and logistics were hindered today due to weather conditions.
It is expected that the national phenol market will experience narrow fluctuations today, and continue to monitor the price adjustment of enterprises.
On February 20th, the quotations for phenol in various markets nationwide were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
7,930-7,980 |
-50 |
|
Shandong |
8000 |
50 |
|
Yanshan and surrounding areas |
8000 |
50 |
|
South China |
8,150 |
0 |
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