Sinopec East China phenol quoted a stable price of 7700 yuan/ton. The market negotiation atmosphere was light, the delivery of the goods was not smooth, and the actual order was cautious to yield profits. However, the downstream market entry just needed small orders, and the middlemen did not actively participate. The market trading atmosphere was slightly quiet.
It was expected that the phenol market would be arranged horizontally at the end of the month, and the negotiation price in East China would be 7600-7650 yuan/ton.
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