SunSirs: Early Forecast of Domestic Phenol Market on October 23rd
October 23 2024 10:58:29     SunSirs (John)Price trend
Sinopec's East China phenol listing price remains stable at 7,750 RMB/ton.
Analysis review
The domestic phenol market has been boosted narrowly, and the spot supply is still tight, with little supply pressure. Considering the high average contract price, traders' willingness to offer discounts has weakened, and terminal participation is generally moderate. Downstream demand is dominant, and the domestic phenol market is operating steadily.
Market outlook
It is expected that the phenol market will remain stable today, and attention should be paid to the cost and supply and demand situation.
The phenol offers in various markets across the country on October 22nd were as follows:
East China region: 7,700 RMB/ton, unchanged
Shandong region: 7,700 RMB/ton, unchanged
Surrounding area of Yanshan Mountain: 7,750 RMB/ton, unchanged
South China region: 7,750 RMB/ton, unchanged
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