Phenol prices fluctuate slightly

March 25, 2023

Under the boost of the upper stream, the domestic phenol price edged higher last weekend, the overall Asian phenol market remained stable, the market players' mentality picked up slightly, and the petrochemical manufacturers raised their ex-factory prices under the boost of cost, which was affected by the above factors. Most businesses have firmed offers, but the downturn in the downstream demand situation has still not substantially improved. Under such circumstances, the situation of mainstream negotiations has remained basically stable, but substantive talks are still relatively small and transactions are poor. Up to now, the market price in East China is between 9,000 and 9100 yuan (ton price, the same below), the market price in South China is between 9,000 and 9100 yuan, the market price around Yanshan is between 8900 and 9,000 yuan, and the market price in Henan is between 9,000 and 9100 yuan. In the 9000 to 9100 yuan.

From the perspective of the domestic phenol market performance, although the upper reaches of the booster, but the actual demand in the downstream market is still low, the effective inquiry is less, the market business mentality also showed differences, a small number of businesses continue to firm after the petrochemical enterprises raised the factory price Disk, but most middlemen still hold a cautious attitude towards the outlook. It is expected that, with the weak support of the cost side, the on-floor merchants will be firm in offering, and the domestic phenol market may have a slight rebound.

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