SunSirs: The Holiday Was Approaching, and the Atmosphere of Domestic Phenol Market Was Quiet
January 18 2023 13:41:51 SunSirs (John)
Price trend
The price of phenol in Sinopec East China Plant was 7,500 RMB/ton, and the offer of phenol in East China Market was 7,500 RMB/ton.
Analysis review
At the beginning of the week, the port inventory increased, the holiday was approaching, the transportation pressure was high, the logistics was mostly stopped, the offer of traders was limited, the purchase of terminal enterprises was very few, and there was a little replenishment, most of which were small orders, and the market delivery was cold.
Market outlook
It is expected that the domestic market will wait and see, and the reference price in the East China market will be 7,500 RMB/ton.
On January 16, the offer of phenol in various markets across the country was as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
7,500 |
20 |
|
Shandong |
7,700 |
20 |
|
Yanshan and surrounding areas |
7,650 |
0 |
|
South China |
7,600 |
50 |
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