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SunSirs: On September 22, the Domestic Phenol Market Fell from a High Level

September 23 2022 11:28:46     SunSirs (John)

The follow-up of buying gas was insufficient, and the national mainstream phenol market fell from a high level on the 22nd. Although the supply side continued to be tight, and some factories stocked up before the holiday, the market continued to rise sharply, the downstream pressure was great, some traders sold at a profit-cutting, and the actual price of real orders on the market declined. The operating rate has recently increased. Although the number of arrivals in October is limited in the statistics, it is difficult to foresee uncertain factors under the influence of the post-holiday environment. The contract shipment is coming to an end, and the pre-holiday market is mainly adjusted.

On the 22nd, the quotations of phenol in various markets of China were as follows:

Area

Quotations (RMB/ton)

Daily Change (RMB/ton)

East China

10650

-100

Shandong

10950

0

Yanshan and surrounding areas

10850

-50

South China

10650

-150

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