SunSirs: Supply and Demand Gamed, Domestic Phenol Market Continued to Rise
January 15 2025 15:13:53 SunSirs (John)
Price trend
The domestic phenol market has continued to rise, with major mainstream markets increasing by around 150-250 RMB/ton during the week. Factories have also actively increased their prices, with Yangzhou Shiyou, Blue Star Harbin, Lihua Yiwei Yuan, and Longjiang Chemical raising their quotes.
According to data monitored by SunSirs, the domestic phenol market price was 7,845 RMB/ton on January 14th, with a 2.89% increase this week.
Analysis review
As of January 14th, the high cost and average price of phenol, coupled with tight spot supply, supported market growth. Terminal enterprises were slightly cautious in procurement, but there has been a significant increase in on-site inquiries. Some enterprises were also actively preparing for pre holiday stocking. This week, the main demand was still for essential goods, and there may be inventory demand from terminal factories in the second half of the month, with trading volume to be released.
As of the 14th, the phenol offers in various mainstream markets across the country were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
7,780 |
250 |
|
Shandong |
7,800 |
200 |
|
Yanshan and surrounding areas |
7,800 |
200 |
|
South China |
7,900 |
250 |
Market outlook
From the perspective of cost, average price, and supply and demand fundamentals, phenol prices are cautious. Next week, it needed to focus on the demand situation and pay attention to the market's actual order negotiations.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
