SunSirs: Supply and Demand Was Stalemated, and Resorcinol Market Was Stable
April 11 2024 11:34:09 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 10th, the average market price of resorcinol was 44,750 RMB/ton.
Analysis review
Pure benzene: The price of pure benzene in China had slightly increased this week. On April 10th, the price of pure benzene was 8,720 RMB/ton, an increase of 1.69% compared to last week. Some traders were bearish in the future and actively sell their holdings, resulting in an increase in market commodity volume and average transactions.
Nitric acid: The domestic price of nitric acid had slightly decreased this week. On April 10th, the price of nitric acid was 1,693 RMB/ton, a decrease of 2.3% compared to last week. Market transactions were average.
M-phenylenediamine: The domestic price of m-phenylenediamine had slightly decreased this week. On April 10th, the price of phenylenediamine was 3,600 RMB/ton, a 5% decrease from last week. The purchasing power of downstream customers for dyes, pesticide intermediates, and other products was not strong, and downstream trading was not active.
Market outlook
This week, the trading atmosphere in the resorcinol market was light, with downstream tire industry construction remaining stable, and insufficient buying in the dye and pesticide intermediate markets. It is expected that the market for resorcinol will maintain stable operation.
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