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SunSirs: The Price of Phenol Boosted Sharply after the Mid-autumn Festival
September 18 2019 10:51:35SunSirs(John)

Product Name: Phenol

The latest price (September 16): 8650 RMB/ton

Domestic phenol Market has been booming substantially. The situation of goods shortage in the north is obvious, traders have fewer goods in hand, and phenol factory prices have increased significantly. On September 16, phenol factory in North China increased 400 RMB/ton to 8600 RMB/ton, Lihua increased 500 RMB/ton to 8800 RMB/ton. Holders are mainly reporting or not reporting operations, and downstream participation is relatively cautious. Some manufacturers also purchase high-priced stocks before the National Day holiday. The price increase of factories in East China is cautious, and the overall upward price is 200 RMB/ton. However, the market level is obviously higher in view of the shortage of supply in North China. SunSirs expects that the domestic phenol market will continue to be high before the National Day holiday, and some regions are expected to continue to push up. The price of the East China phenol market may be  8700-8750 RMB/ton, and the price of Shandong phenol market may be 8800-9000 RMB/ton.

Relevant listed companies: PetroChina (601857), Sinopec (600028)

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