SunSirs: On July 2nd, the Domestic Phenol Market Stopped Falling
July 03 2024 10:57:18 SunSirs (John)
Price trend
On July 2nd, Sinopec's East China phenol listing price was lowered by 150 RMB/ton, resulting in a reduction of 8,200 RMB/ton, while Sinopec's North China phenol listing price was lowered by 100 RMB/ton, resulting in a reduction of 8,200-8,250 RMB/ton.
Analysis review
On July 2nd, the phenol market continued to decline, and factories followed suit by lowering their listed prices. On July 2nd, the market saw a halt in the decline in East China, continued to decline in North China and Shandong, and remained relatively stable in South China.
On July 2nd, the offer of phenol in various markets across the country was as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
8,150 |
|
|
Shandong |
8,100 |
-50 |
|
Yanshan and surrounding areas |
8,100 |
-50 |
|
South China |
8,200 |
-50 |
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- 2024-09-13 SunSirs: The Phenol Market in Mainstream Areas of China Weakened on September 12th,
- 2024-09-10 SunSirs: Early Morning Forecast for the Domestic phenol Market on September 10th
- 2024-09-09 SunSirs: Early Morning Forecast for the Domestic phenol Market on September 9th
- 2024-08-29 SunSirs: The Domestic Phenol Market Experiences Sluggish Trading on August 29th
- 2024-08-28 SunSirs: The Domestic Phenol Market Continued to Rise
