Price trend
On the first working day after the holiday, the domestic phenol market generally declined. According to data monitored by SunSirs, in the East China region, for example, the price of phenol was quoted at 6,450 RMB/ton, a decrease of 100 RMB/ton from before the holiday.
Analysis review
The raw material benzene has dropped significantly, with a bearish impact on the cost side. Terminal factories were mainly observing, with limited participation and a weak market trading atmosphere.
The domestic production rate of phenol ketone was 75%, and Sinopec Mitsui phenol ketone plant has increased its load operation after the holiday, while others are relatively stable.
Market outlook
In the short term, both the cost and demand sides have performed poorly, and it is expected that the phenol market will continue to be weak after the holiday, with a large upside down space in the market. This week, we will pay attention to the factory price adjustment situation.
As of the May 6th, the phenol offers in various mainstream markets across the country were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
6,450 |
-100 |
|
Shandong |
6,600 |
-100 |
|
Yanshan and surrounding areas |
6,600 |
-100 |
|
South China |
6,650 |
-100 |
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
