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SunSirs: Both Phenol and Acetone Markets Fell Down on December 16

December 18 2019 11:07:05     SunSirs (John)

Product Name: phenol

The latest price (East China/ December 16): 7,350 RMB/ton

 

Analysis points:

Due to the poor terminal demand, the phenol market has been slack for a short time. On the first day of this week, the phenol market was in a weak operation, the pressure on port inventory was slightly eased, and the price intention of the cargo holders was still strong, but the terminal demand was poor, and the actual purchase order was very small. Although most of the market think that the price has been reduced to an underestimate, the terminal still has no intention to purchase a large number of goods. As the year approaches, transportation in some areas is blocked, and intermediate traders have no intention of stockpiling. SunSirs estimates that the reference range for the phenol market in East China will be around 7,350-7,400 RMB/ton.

 

Product Name: acetone

The latest price (East China/ December 16): 5,450 RMB/ton

 

Analysis points:

The port inventory has been increasing, the supply pressure has been gradually absent, the focus of domestic acetone market continues to weaken, the downstream terminal market replenishment sentiment is not high, the price stability of the cargo carrier is not smooth, and the transaction is limited.SunSirs estimates that the negotiation range for the East China market today is 5,300-5,400 RMB/ton. As the year approaches, the weather in some areas has cooled down, the plant operating rate has declined, and it is difficult to significantly improve terminal procurement, and the market will remain weak.

 

As of the close of December 16, the offer of phenol and acetone in various markets are as follows:

Area

Quotations of phenol (RMB/ton)

Ups and downs of phenol

Quotations of acetone (RMB/ton)

Ups and downs of acetone

East China

7,350

-50

5,450

-100

Shangdong

7,300

0

5,800

-100

Around Yanshan

7,350

0

5,800

-50

South China

7,550

0

5,600

0

 

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

 

 

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