SunSirs: Early Morning Forecast for the Domestic phenol Market on September 9th

https://www.chemnet.com   Sep 09,2024 SunSirs

Price trend

On September 9th, Sinopec Huadong phenol's listed price remains stable at 8,850 RMB/ton.

Analysis review

On September 6th, the inventory of phenol at Jiangyin Port was 8,000 tons.

Last week, the domestic phenol market remained mainly on the rise, with delayed arrival of domestic shipments and continued tight spot supply. However, there was considerable pressure on traders to sell, and the market stopped rising slightly on Friday. Downstream offers were low, and there were some discounted shipments.

Market outlook

At present, the supply is still tight, and it is expected that the phenol market will steadily advance today. Pay attention to the supply and demand fundamentals and transaction situation.

The phenol offers in various markets across the country on September 6th were as follows:

East China region: 8,950 RMB/ton, unchanged;

Shandong region: 8,900-9,000 RMB/ton, unchanged;

Surrounding area of Yanshan Mountain: 8,900-9,000 RMB/ton, unchanged;

South China region: 9,000-9,050 RMB/ton, unchanged.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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