Early Morning Forecast for the Domestic phenol Market on September 10th

On September 10th, Sinopec Huadong phenol’s listed price was raised by 150 RMB/ton, with an execution of 9,000 RMB/ton.

Analysis review

On September 9th, the inventory of phenol at Jiangyin Port decreased to 6,000 tons.

The domestic phenol market had risen again, and spot supply continued to be tight. Traders had pushed up prices to push up offers, and petrochemical companies had raised their listing prices. In the afternoon, traders’ intention to lower prices had weakened.

Market outlook

At present, the supply is still tight, and it is expected that the phenol market will remain strong or slightly rise today. Pay attention to the supply and demand fundamentals and transaction situation.

The phenol offers in various markets across the country on September 9th were as follows:

East China region: 9,000-9,050 RMB/ton, up 100 RMB/ton;

Shandong region: 9,000 RMB/ton, unchanged;

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

South China region: 9,000-9,050 RMB/ton, up 100 RMB/ton.