Price trend
Sinopec's prices in East China remained stable at 7,600 RMB/ton. According to monitoring data from SunSirs, the market offer on April 16th was 7,720 RMB/ton, an increase of 2.76%.
Analysis review
The phenol market was strong with a slight increase, and the reference price for the East China phenol market was between 7,600-7,650 RMB/ton. The purchasing interest in the terminal market was average, and participated just on demand.
Market outlook
It is expected that the phenol market will remain strong in the short term, with a focus on fluctuations in supply and demand fundamentals.
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