SunSirs: The Focus of Phenol in China Rose, but the Turnover Was Insufficient
December 07 2022 11:05:29 SunSirs (John)
Price trend
On the 6th, the domestic phenol market stopped falling and the focus of the negotiation rose. The price of phenol in East China rose by 100-150 RMB/ton as a whole, and the negotiated price was 8,120-8,150 RMB/ton.
Analysis review
On the 6th, the domestic phenol market stopped falling and the focus of the negotiation rose, mainly because the spot quantity was tight, some terminal factories started to store and replenish goods, and the mentality of the cargo holders improved. The negotiation ended the situation of continuous decline and the focus rose.
It is understood that the port replenishment had been delayed, and the current market volume was limited, the demand side had inquiries, but most of them were small orders for replenishment. The on-site turnover was average. In the downstream, bisphenol A continued to decline, with the negotiation price at 10,000-10,150 RMB/ton.
Market outlook
It is expected that the phenol market will rise strongly in the short term, mainly depending on the demand of downstream factories, focusing on the market turnover.
On December 6, phenol offers in various markets across the country were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
8,150 |
100 |
|
Shandong |
8,250 |
100 |
|
Yanshan and surrounding areas |
8,250 |
100 |
|
South China |
8,150 |
100 |
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