SunSirs: Morning Forecast of Domestic Phenol Market on November 3
November 03 2022 09:00:34 SunSirs (John)
Price trend
On November 2, the national phenol market continued to fall. The negotiated price in East China fell by 200 RMB/ton, ranging from 9,500 RMB/ton to 9,600 RMB/ton.
Analysis review
Yesterday, the phenol market across the country continued to fall, with the offer at a low level in the morning. However, with the decline of downstream purchase intention, the intention of the holders to make profits for shipment increased, and the market continued to fall in the afternoon.
Market outlook
It is expected that the phenol market will fluctuate narrowly today. Today, it will digest the recent decline and please focus on terminal procurement.
On November 2, the quotations of phenol in various markets of China were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
9,550 |
-200 |
|
Shandong |
10,000 |
-200 |
|
Yanshan and surrounding areas |
9,980 |
-250 |
|
South China |
9,650 |
-200 |
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