SunSirs: The Domestic Phenol Market Experiences Sluggish Trading on August 29th

https://www.chemnet.com   Aug 29,2024 SunSirs

Price trend

On August 29th, Sinopec East China phenol's listed price remained stable at 8,700 RMB/ton.

Analysis review

After a continuous upward trend, the trading volume of phenol market was slightly weak yesterday, but the current market supply is still tight, and traders have limited willingness to offer discounts. However, due to the low buying enthusiasm of terminal enterprises at high market levels, the market trading follow-up is insufficient.

Market outlook

It is expected that the phenol market will experience narrow fluctuations today, with a focus on market trading conditions.

The phenol offers in various markets across the country on August 28th were as follows:

East China region: 8,700 RMB/ton, unchanged

Shandong region: 8,650-8700 RMB/ton, unchanged

Surrounding area of Yanshan Mountain: 8,700 RMB/ton, unchanged

South China region: 8,750-8,800 RMB/ton, up 50 RMB/ton

If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com.

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