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SunSirs: Domestic Phenol Continues to Fall While Acetone Stays High on 11th November

November 13 2019 13:12:58     SunSirs (Daisy)

Product Name: Phenol

East China Market Price (11th November): RMB 7,300 yuan/ton

Market Analysis: Phenol Market is still depressed in the new week, and the whole market is weak. Downstream terminals procure on exact demand and offer less intention. The whole market negotiation is cold. Traders have limited confidence. The focus of narrow increase gets loose and the trading is poor. At present, attention is paid on the dynamics of petrochemical manufactures. It is expected that the domestic phenol market will continue to be weak today, and the negotiation range of the phenol Market in East China is RMB 7,000-7,050 yuan / ton.

Till now, the quotation of PA in national market is as follow (RMB yuan/ton):

Area

Quotation

Change %

East China

7,050

-50

Shandong area

7,300

0

Surroundings of Yanshan

7,200

0

South China

7,450

0

 
 
Product Name: Acetone

East China Market Price (11th November): RMB 4,800 yuan/ton

Market Analysis: In the new week, the acetone market is still hot. The market is quite active. The supply of goods in Shandong is tense, and the amount of offer is reduced. Yangzhou Shiyou No.6 is parked, and the shipment is currently suspended. The port inventory has dropped to a new low in the year. The spot supply is tight. The holders’ attitude towards firmly upward price is quite strong. Some traders enter the market to replenish goods, and support the high-level price negotiation in the market. SunSirs expects that today's acetone market will continue to be high. The negotiation range of East China market is about RMB 4,850 yuan /ton.

Till now, the quotation of Acetone in national market is as follow (RMB yuan/ton):

Area

Quotation

Change %

East China

4,800

+100

Shandong area

4,800

+50

Surroundings of Yanshan

4,700

0

South China

4,850

+50

 

Related Listed Companies: PetroChina, Sinopec

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