SunSirs: The Price of Phenol in the Domestic Market Rose and then Fell Again
August 23 2023 09:35:00On August 19th, the benchmark price of phenol in SunSirs was 8045.00 RMB/ton, a decrease of -2.19% compared to the beginning of this month (8225.00 RMB/ton).
The domestic phenol market rebounded after rising. According to the Commodity Market Analysis System of Business Society, the national average market price was 8045 RMB/ton on August 18th, with a decrease of 1.59% during the week. This week, domestic trade shipments have been replenished well, with cautious participation from operators. Suppliers continue to operate at reduced rates, resulting in a weakening market focus and a drop below 8000 RMB/ton in the middle of the week. The buying enthusiasm of terminal demand is poor, the wait-and-see sentiment is heavy, and the actual transaction situation in the market is not optimistic. It is expected to slightly increase next week, with a focus on fluctuations in domestic trade supply.
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