The domestic phenol market is running weakly. According to data monitored by Shengyi Society, the price of phenol in the domestic market was 7500-7550 yuan/ton on November 14th. The downstream terminal market showed weak buying enthusiasm, with primary demand and low delivery rates. Traders were unable to ship smoothly, and the market opened at a low level in the morning, with limited room for profit.
Sinopec East China phenol price is implemented at 7600 yuan/ton. Sinopec North China phenol is listed at a price range of 7600-7650 yuan/ton. As of the 14th, the phenol offers in various mainstream markets across the country are as follows:
Region/ Quotation on the 14th/ Daily fluctuations
East China region/ 7520./ -50
Shandong region/ 7650./ 0
Surrounding areas of Yanshan Mountain/ 7600./ -20
South China region/ 7620./ -20
It i
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s expected that the phenol market will experience narrow fluctuations, and attention should be paid to the fundamental dynamics of supply and demand.