SunSirs: Early Forecast of Domestic Phenol Market on September 29th
September 29 2024 14:02:02 SunSirs (John)
Price trend
On September 29th, Sinopec East China’s phenol is listed at a price of 9,000 RMB/ton.
Analysis review
On September 27th, the inventory of phenol at Jiangyin Port reached 6,000 tons. After the Mid Autumn Festival, the spot supply of the market was tight, and the offer of the goods holders was firm. In terms of downstream, the downstream inquiry and stock up mood was good before the National Day, but they were cautious in tracking the rise, supplemented in an appropriate amount, and some middlemen still had shipping pressure on their early inventory, and the market focus increased slightly.
Market outlook
It is expected that the domestic phenol market will observe and consolidate today, paying attention to the fundamental situation of market supply and demand.
The phenol offers in various markets across the country on September 29th are as follows:
East China region: 8,800-8,850, down 50 RMB/ton
Shandong region: 8,900-9,000, unchanged
Surrounding area of Yanshan Mountain: 8,900-9,000, unchanged
South China region: 8,850-8,950, unchanged
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