SunSirs: On July 20, the Domestic Phenol Market Continued Its Upward Trend
July 21 2022 09:26:38 SunSirs (John)Price trend
The domestic phenol market continued to rise, and the negotiated price in East China rose to 8,950 RMB/ton from last week's low of 8,350 RMB/ton
Analysis review
The unexpected shutdown of a factory at the beginning of the week boosted the market. In addition, the average contract price during the month was high and the cost was at a high level. The stockholders took this to have a strong push-up mentality. With the increase of downstream inquiries, the focus of negotiation increased significantly, but the terminal was still mainly based on rigid needs. Some factories replenished their supplies in an appropriate amount, and the participation of intermediate traders was not very large. Pay attention to the trading situation on the market
At the opening of the market on the 20th, Lihuayi made a supplementary increase of 300 RMB/ton and executed 9,000 RMB/ton, which significantly boosted the market.
Market outlook
It is expected that the domestic phenol market will continue to push up.
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