Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the phenolic resin market experienced a slight decline this week. As of April 18th, the mainstream price of domestic phenolic resin (2123) was 9,950 RMB/ton, a decrease of 5.91% compared to April 1st.

Analysis review

In terms of cost:

In terms of phenol, the phenol market was strong with a slight increase. The reference price for the East China phenol market was between 7,600-7,650 RMB/ton, and the purchasing interest in the terminal market was average. It is expected that the phenol market will remain strong in the short term, as there is a strong demand for participation.

Market outlook

SunSirs’ analysts believe that although there was good cost support this week, there was ample inventory on the market, and downstream buyers participated on demand. Some dealers had lowered their quotes to sell goods. In the short term, the upstream phenol market is strong, and there are signs of recovery in the phenolic resin market next week

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