On the 11th, the national phenol mainstream market pushed up 50 to 100 RMB/ton, and the pressure on the supply in the market was not large, and the price of the goods was mainly raised by the holders, while the price of the market in East China rose 50 RMB/ton to 7500 RMB/ton.
Analysis review
On the one hand, the factory raised 100 RMB/ton, of which Sinopec East China raised 100 RMB/ton to 7,500 RMB/ton, and Sinopec North China raised 100 RMB/ton to 7,500-7,600 RMB/ton. The factory's increase boosted the market negotiation upward. On the other hand, the demand side replenished the goods before the year. Although only the small orders just needed followed up, the demand continued, and the transactions were mostly small orders.
Market outlook
The phenol market is expected to be strong, and the negotiated price in East China will be 7,500-7,550 RMB/ton. On the 12th, focus on the supply and demand side and the transaction of real orders on the market.
The offer of phenol in all markets of China on January 11 is as follows:
