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SunSirs: Morning Forecast for Domestic Phenol Market on February 19th
February 19 2024 09:59:41SunSirs(John)

After the Spring Festival, the domestic phenol market returned to the market with a good start, and the raw material pure benzene further increased. Phenol ketone enterprises faced cost pressure, and Sinopec East China phenol listed price increased by 300 RMB/ton to execute 7,800 RMB/ton. Phenol traders had a good mentality and strong upward sentiment, and the negotiation price in East China had been pushed up to 7,800 RMB/ton. Currently, the frequency of inquiries from terminal enterprises has increased, and the demand for replenishment is mainly high.

It is expected that the phenol market will continue to rise today. Focus on cost and supply-demand situations.

On February 19th, the quotations for phenol in various markets nationwide are as follows:

Area

Quotations (RMB/ton)

Daily Change (RMB/ton)

East China

7,800

250

Shandong

7,750

150

Yanshan and surrounding areas

7,750

150

South China

7,850

250

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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