SunSirs: Early Forecast of Domestic Phenol Market on September 24th

https://www.chemnet.com   Sep 24,2024 SunSirs

Price trend

On September 24th, Sinopec East China’s phenol was listed at a price of 9,000 RMB/ton.

Analysis review

On September 23rd, the inventory of phenol at Jiangyin Port decreased to 6,000 tons. After the holiday, the phenol market in East China slightly rose, but the short-term replenishment of ship cargo was insufficient, and the tight supply of spot goods may continue.

Market outlook

The National Day holiday is approaching, and there is a demand for inventory at the terminal. It is expected that the phenol market will continue to operate at a high level in the short term, and attention should be paid to the fundamental situation of supply and demand.

The phenol offers in various markets across the country on September 23rd are as follows:

East China region: 8,950-9,000 RMB/ton, up 100 RMB/ton;

Shandong region: 8900-9000 RMB/ton, unchanged;

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

South China region: 8,950-9,050, up 100 RMB/ton.

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

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