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SunSirs: Domestic Phenol Market Was Weak While Acetone Operated at High Level on November 20

November 22 2019 10:46:51     SunSirs (John)

Product Name: phenol

 

The latest price (East China/ November 20): 7200 RMB/ton

 

Analysis points:

The domestic phenol Market was slightly down, the market was narrow and down, the overall fluctuation was not big, the terminal purchase intention was not big, there are not many offers under the mentality of buying up and not buying down, the middlemen wait and see to copy the bottom, the price stability of the goods holders was not smooth, the tentative offer was low, and the overall market trading was not smooth. It was expected that the negotiation range of phenol Market in East China would be 7150-7200 RMB/ton, and the overall market would be explored in a narrow range.

 

Product Name: acetone

 

The latest price (East China/ November 20): 5600 RMB/ton

 

Analysis points:

The domestic acetone market was adjusted to a high level yesterday after the manufacturer jointly increased 350 RMB/ton. At present, the port inventory was at a low level, the inventory of mainstream petrochemical enterprises was at a low level, the supply of resources in the whole market was tight, the supply of goods for traders was in short, the attitude of holders was actively exploring the rise, and the offer was strong. Terminal traders actively enquire for replenishment just in need, and the market was in high-level negotiation. It was expected that the negotiation range of East China market today would be 5600-5650 RMB/ton, and the overall market would continue to maintain high-level operation.

 

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