SunSirs: The Market for Resorcinol Remained Stable This Week
March 21 2024 14:17:08 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of March 20th, the average market price of resorcinol was 44,500 RMB/ton, which was the same as last week.
Analysis review
Pure benzene: The price of pure benzene in China had slightly increased this week. On March 20th, the price of pure benzene was 8,573.17 RMB/ton, an increase of 0.96% from last week and 17.77% from the same period last year. The East China market negotiable price declined, with mixed ups and downs. There were few spot transactions and sufficient downstream inventory, creating a wait-and-see atmosphere.
Nitric acid: The domestic price of nitric acid had slightly decreased this week. On March 20th, the price of nitric acid was 1,790 RMB/ton, and on March 13th, it was 1,833 RMB/ton, a decrease of 2.32% from last week and 26.78% from the same period last year. As of March 20th, the market continued to be weak, and manufacturers were shipping according to the market.
M-phenylenediamine: The domestic price of m-phenylenediamine remained stable this week. On March 20th, the price of phenylenediamine was 37,166.67 RMB/ton. The performance of the raw material market was strong, while the atmosphere in the downstream dye and pesticide intermediate markets was calm.
Market outlook
This week, the trading atmosphere in the resorcinol market was relatively light, with limited improvement in downstream rubber industry operating rates. The atmosphere in the dye and pesticide intermediate market was calm. It is expected that the market for resorcinol will remain stable.
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